For the week ending April 17, the Nigerian Exchange (NGX) extended its bearish trajectory in April, with the All-Share Index (ASI) declining by 0.32%. The index shed 329.53 points to close at 104,233.81.
Profit taking emerged as the dominant theme of the week, particularly among heavily capitalised stocks. GTCO Holdings led the losers’ chart with a sharp 13.24% drop in its share price—from N68 to N59—while Zenith Bank followed closely, recording an 11.91% decline.
On the upside, Nigerian Breweries delivered a strong performance, gaining 13.13% after reporting an impressive Q1 2025 net income of N44.6 billion.