All-Share Index slips beneath 104,000-barrier, declines by 0.68%; GEREGU and GTCO lead buying and selling worth
On April 16, 2025, the Nigerian All-Share Index declined by 708.14 factors, closing the buying and selling session at 103,851.88, thus slipping beneath the 104,000-threshold.
This represents a 0.68% drop from the day gone by’s closing worth of 104,560.02, whereas market quantity additionally declined, lowering from 368.7 million shares to 351.6 million shares.
The market capitalization fell to N65.2 trillion over 12,141 offers, down from N65.7 trillion recorded the day gone by, reflecting the damaging worth motion.
Among the many notable gainers, ABBEYBDS and SOVRENINS recorded will increase of 9.99% and seven.69%, respectively.
In distinction, IMG and GUINEAINS confronted vital challenges, with declines of 10.00% and 9.52%. Moreover, notable buying and selling exercise was noticed in ACCESSCORP and GTCO, which led the market in transaction quantity.
Market abstract:
- Present ASI: 103,851.88
- Earlier ASI: 104,560.02
- Day Change: -0.68%
- Yr-to-Date Efficiency: +0.9%
- Quantity Traded: 351.6 million shares
- Market Cap: N65.2 trillion
Prime 5 gainers:
- ABBEYBDS: Up 9.99% to N8.15
- SOVRENINS: Up 7.69% to N0.98
- NGXGROUP: Up 7.30% to N33.80
- FIDELITYBK: Up 6.74% to N18.20
- DEAPCAP: Up 6.67% to N0.96
Prime 5 losers:
- IMG: Down 10.00% to N34.20
- GUINEAINS: Down 9.52% to N0.57
- UPDCREIT: Down 8.20% to N5.60
- DAARCOMM: Down 7.94% to N0.58
- CILEASING: Down 7.89% to N3.50
Buying and selling quantity:
The every day market quantity declined from 368.7 million shares the day gone by to 351.6 million.
- ACCESSCORP led the buying and selling exercise, with a formidable 68.2 million shares exchanged.
- Following carefully, GTCO recorded 36.7 million shares traded.
- FCMB additionally confirmed notable engagement, with 28.7 million shares altering fingers.
- Each UBA and CHAMS contributed considerably, buying and selling 26.3 million and 24.6 million shares, respectively.
Buying and selling worth:
When it comes to buying and selling worth, GEREGU emerged because the standout performer, facilitating transactions value N5.1 billion.
- GTCO made a considerable contribution of N2.1 billion to the every day whole, whereas ACCESSCORP and UBA added N1.4 billion and N830.8 million, respectively.
- ZENITHBANK rounded out the buying and selling worth with N616.9 million.
SWOOT and FUGAZ efficiency:
Within the SWOOTS class, OANDO encountered a slight decline of 0.9%.
- Throughout the FUGAZ sector, ZENITHBANK skilled a drop of three.93%, whereas GTCO fell by 1.58%.
- Conversely, FIRSTHOLD climbed by 2.46%, ACCESSCORP gained 0.47%, and UBA rose by 0.48%.
Market outlook:
- The All-Share Index seems to be entrenched in a retracement section, presently positioned beneath the important 104,000 mark.
- Nonetheless, the potential restoration of large- and mid-cap stocks could play a pivotal position in stabilizing the index within the weeks forward.
