All-Share Index ends within the purple, dips 0.25% as FUGAZ stocks slip; GUINNESS leads worth
The All-Share Index closed the buying and selling session on February 18, 2025, in damaging territory, declining by 266.76 factors to complete at 107,670.98, as FUGAZ stocks decline.
This represents a 0.25% lower from the day prior to this’s closing worth of 107,937.98, coinciding with a notable drop in buying and selling quantity.
The market quantity skilled a big 20% decline, reducing from 510 million shares traded to 408 million.
In the meantime, the market capitalization weakened to N67.1 trillion over 14,174 transactions, down from N67.3 trillion initially of the day.
In particular person inventory efficiency, CONHALLPLC and SUNUASSUR distinguished themselves with positive aspects of 9.76% and 9.58%, respectively.
Conversely, TIP and UNIONDICON confronted downturns, declining by 9.89% and 9.82%. Moreover, ACCESSCORP and UBA emerged as key gamers in buying and selling exercise, considerably influencing the day’s turnover.
Market abstract
- Present ASI: 107,670.98 factors
- Earlier ASI: 107,937.74 factors
- Day Change: -0.25%
- Yr-to-Date Efficiency: +4.61%
- Quantity Traded: 408 million shares
- Market Cap: N67.1 trillion
High 5 gainers
- CONHALLPLC: up 9.76% to N3.71
- SUNUASSUR: up 9.58% to N6.52
- NEIMETH: up 8.77% to N3.35
- CORNERST: up 7.03% to N3.35
- WAPIC: up 5.88% to N2.70
High 5 losers
- TIP: down 9.89% to N4.01
- UNIONDICON: down 9.82% to N7.35
- UPDC: down 9.09% to N3.10
- CADBURY: down 9.06% to N29.10
- ROYALEX: down 7.07% to N0.92
Buying and selling quantity
The day by day buying and selling quantity noticed a big lower of 20%, dropping to 408 million shares from the 510 million shares recorded the day prior to this.
- ACCESSCORP led the market with a formidable 54.7 million shares, carefully adopted by UBA at 31.3 million shares.
- GUINNESS secured the third place with 30.2 million shares traded, whereas FIDELITYBK and ZENITHBANK additionally made notable contributions, buying and selling 19.9 million and 15.8 million shares, respectively.
Buying and selling worth
- When it comes to buying and selling worth, GUINNESS dominated the session with transactions amounting to N2.2 billion.
- ACCESSCORP contributed considerably with N1.5 billion, whereas UBA and ZENITHBANK added N1.1 billion and N803.2 million, respectively.
- OANDO rounded out the day with trades totaling N517.3 million.
SWOOT and FUGAZ efficiency
Within the SWOOT class, each OANDO and WAPCO confronted declines, falling by 1.72% and 1.34%, respectively.
In the meantime, inside the FUGAZ group, all stocks additionally ended within the purple.
- FBNH led the decline with a drop of two.77%, adopted by ZENITHBANK at 1.36%.
- ACCESSCORP slipped by 1.25%, whereas GTCO shed a smaller 0.24%.
Market outlook
Regardless of the latest downturn, the market outlook seems cautiously optimistic.
If market individuals don’t see the index as overbought, this retracement might set the stage for a continued upward rally.
