Press "Enter" to skip to content

All-Share drops by 0.43%; LIVESTOCK and CORNERSTONE shine; FIDELITY leads quantity

On eleventh March 2025, the Nigerian All-Share Index skilled a decline of 454.16 factors, closing at 106,167.75.

This represents a 0.43% drop from the day past’s closing determine of 106,621.91, amid a discount in buying and selling quantity.

Day by day buying and selling quantity decreased by 11%, falling from 364.9 million shares to 324.3 million shares.

Moreover, market capitalization contracted to N66.4 trillion throughout 12,652 transactions, down from N66.7 trillion.

Regardless of the general market downturn, sure shares, equivalent to LIVESTOCK and CORNERST, showcased notable efficiency, rising as vital gainers with will increase of 9.93% and 9.25%, respectively.

In distinction, MECURE and ABCTRANS encountered declines of 10.00% and seven.98%.

FIDELITYBK and ACCESSCORP performed pivotal roles within the buying and selling session, making substantial contributions to the day’s total quantity.

Market abstract 

  • Present ASI: 106,167.75 factors
  • Earlier ASI: 106,621.91 factors
  • Day Change: -0.43%
  • 12 months-to-Date Efficiency: +3.15%
  • Quantity Traded: 324.3 million shares
  • Market Cap: N66.4 trillion

Prime 5 gainers 

  • LIVESTOCK: up 9.93% to N9.85
  • CORNERST: up 9.25% to N3.19
  • INTENEGINS: up 8.99% to N1.94
  • SMURFIT: up 8.33% to N0.39
  • LASACO: up 7.55% to N2.85

Prime 5 losers 

  • MECURE: down 10.00% to N11.25
  • ABCTRANS: down 7.98% to N1.50
  • DAARCOMM: down 7.46% to N0.62
  • GUINEAINS: down 7.35% to N0.63
  • ROYALEX: down 7.32% to N0.76

Buying and selling quantity

Day by day buying and selling quantity declined by 11%, falling from 364.9 million shares to 324.3 million shares.

  • FIDELITYBK dominated the buying and selling panorama with a formidable 29.3 million shares exchanged, intently adopted by ACCESSCORP, which recorded 28.3 million shares.
  • GTCO additionally demonstrated sturdy efficiency, buying and selling 28.0 million shares.
  • Moreover, ZENITHBANK and UNIVINSURE contributed to the whole with 22.3 million and 16.1 million shares, respectively.

SWOOT and FUGAZ efficiency

Within the SWOOT class, MTNN confronted a setback, declining by 4.22%, whereas OANDO fell by 0.46%.

  • Inside the FUGAZ sector, ACCESSCORP decreased by 1.94%, and ZENITHBANK shed 1.04%.
  • Conversely, there have been constructive actions: FIRSTHOLD loved a achieve of 1.58%, GTCO elevated by 0.50%, and UBA witnessed no value motion.

Market outlook

The All-Share Index seems to be lingering in a retracement part, which can see it fall under the 106,000 zone if promoting strain persists.

Nonetheless, if the market just isn’t deemed overbought, it might current alternatives for traders seeking to capitalize on decrease entry factors.


..

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *