All-Share Index ascends again to 104,000, beneficial properties 0.38%; MTN and FIDELITY BANK lead buying and selling worth
On Thursday, April 17, 2025, the Nigerian All-Share Index concluded the buying and selling day positively, appreciating by 390.52 factors to achieve a closing worth of 104,242.40.
This represents a 0.38% improve from the day prior to this’s determine of 103,851.88, efficiently reclaiming the 104,000 mark.
The every day market quantity additionally noticed an uptick, rising to 376.2 million shares, a 7% improve from 351.6 million shares traded the day earlier than.
Moreover, market capitalization grew from N65.2 trillion to N65.4 trillion, reflecting sturdy buying and selling exercise throughout 11,204 transactions.
Among the many distinguished gainers, ABBEYBDS and NB recorded spectacular will increase of 9.94% and 9.86%, respectively.
Conversely, SUNUASSUR and ELLAHLAKES encountered appreciable setbacks, with declines of 9.91% and 9.76%.
Noteworthy buying and selling exercise was noticed in UNIVINSURE and FIDELITYBK, which led the market in transaction quantity.
Market abstract:
- Present ASI: 104,242.40
- Earlier ASI: 103,851.88
- Day Change: +0.38%
- 12 months-to-Date Efficiency: +1.28%
- Quantity Traded: 376.2 million shares
- Market Cap: N65.4 trillion
Prime 5 gainers:
- ABBEYBDS: Up 9.94% to N8.96
- NB: Up 9.86% to N3.25
- ABCTRANS: Up 9.23% to N1.42
- LIVESTOCK: Up 9.20% to N9.50
- ETI: Up 8.94% to N29.25
Prime 5 losers:
- SUNUASSUR: Down 9.91% to N5.00
- ELLAHLAKES: Down 9.76% to N3.05
- CORNEST: Down 9.44% to N2.59
- SOVRENINS: Down 9.18% to N0.89
- UNIVINSURE: Down 7.55% to N0.49
Buying and selling quantity
The every day market quantity demonstrated a notable improve, climbing to 376.2 million shares in comparison with the 351.6 million shares traded the day prior to this, representing a 7% rise.
- UNIVINSURE led buying and selling exercise with a powerful 89.2 million shares exchanged, adopted carefully by FIDELITYBK with 49.5 million shares traded.
- ACCESSCORP additionally exhibited vital engagement, with 32.8 million shares altering palms.
- Each ZENITHBANK and NB made substantial contributions, buying and selling 15.5 million and 15.4 million shares, respectively.
Buying and selling worth
- By way of buying and selling worth, MTNN emerged because the standout performer, facilitating transactions price N1.4 billion.
- FIDELITYBK considerably contributed N915.9 million to the every day whole, whereas ACCESSCORP and GTCO added N715.3 million and N706.2 million, respectively.
- ZENITHBANK rounded out the buying and selling worth with N685.4 million.
SWOOT and FUGAZ Efficiency
Throughout the SWOOTS class, OANDO skilled a sturdy improve of 6.24%, whereas MTN confronted a slight decline of 0.41%.
- Within the FUGAZ sector, ACCESSCORP rose by 2.79%, and UBA grew by 1.26%, though GTCO and ZENITHBANK remained unchanged.
- Conversely, FIRSTHOLD noticed a decline of 1.60%.
Market outlook
Regardless of the day’s beneficial properties, the All-Share Index seems to be coming into a retracement section because it stabilizes above the 104,000 thresholds.
The potential restoration of large- and mid-cap stocks will doubtless play a vital position in figuring out the index’s stability within the weeks to come back.
