All-Share Index dips 0.11%; IKEJAHOTEL and LEARNAFRCA decline as ACCESSCORP leads quantity
The Nigerian All-Share Index wrapped up the buying and selling session on February 17, 2025, within the purple, dropping 116.20 factors to shut at 107,937.74.
This marks a 0.11% decline from the day prior to this’s worth of 108,053.94, whilst buying and selling quantity elevated.
Every day buying and selling quantity climbed by 6.71%, growing from 478 million shares to 510 million shares traded the day earlier than.
Nonetheless, market capitalization slipped to N67.3 trillion over 17,095 transactions, down from N67.4 trillion on the day’s begin.
Taking a look at particular person inventory performances, NB and CADBURY stood out with spectacular positive factors of 10.00% and 9.97%, respectively. In distinction, IKEJAHOTEL and LEARNAFRCA confronted setbacks, every declining by 10.00%.
In the meantime, ACCESSCORP and AIICO took the lead in buying and selling exercise, taking part in a big position in shaping the day’s turnover.
Market abstract
- Present ASI: 107,937.74 factors
- Earlier ASI: 108,053.94 factors
- Day Change: -0.11%
- Yr-to-Date Efficiency: +4.98%
- Quantity Traded: 510 million shares
- Market Cap: N67.3 trillion
Prime 5 Gainers
- NB: up 10.00% to N36.30
- CADBURY: up 9.97% to N32.00
- TIP: up 9.88% to N4.45
- INTENEGINS: up 9.87% to N2.45
- ENAMELWA: up 9.43% to N23.20
Prime 5 Losers
- IKEJAHOTEL: down 10.00% to N12.60
- LEARNAFRCA: down 10.00% to N3.87
- CORNERST: down 9.80% to N3.13
- UPDC: down 9.79% to N3.41
- VFDGROUP: down 9.66% to N52.40
Buying and selling quantity
The each day buying and selling quantity noticed a rise of 6.71%, rising to 510 million shares from the 478 million shares recorded the day prior to this.
- Main the market, ACCESSCORP executed a formidable 143.6 million shares, carefully adopted by AIICO with 24.6 million shares.
- UPDC secured the third place with 20.4 million shares traded, whereas FIDELITYBK and UBA additionally made vital contributions, buying and selling 19.8 million and 17.8 million shares, respectively.
Buying and selling worth
- By way of buying and selling worth, ACCESSCORP dominated the session with transactions amounting to N4 billion.
- OANDO made a considerable contribution of N1.1 billion, whereas UBA and ZENITHBANK added N668.2 million and N664.7 million, respectively.
- GTCO rounded off the day with N491.7 million in trades.
SWOOT and FUGAZ efficiency
- Inside the SWOOT class, WAPCO skilled a modest improve of 0.83%, whereas OANDO confronted a decline of 8.43%.
- Within the FUGAZ group, UBA, GTCO, ZENITHBANK, and ACCESSCORP recorded declines of 0.90%, 0.71%, 0.29%, and 0.18%, respectively.
Market outlook
Regardless of the latest decline, the Index is at the moment benefiting from robust shopping for momentum, sustaining its place close to the 107,000 stage over the previous two days.
If the All-Share Index just isn’t perceived as overbought, the optimistic sentiment from latest earnings reviews in late January and early February could proceed to drive the index upward.
