Nigerian inventory market ends February within the inexperienced, as Dangote Cement, shines

The All-Share Index closed February 2025 on a powerful word, rising 3,325.27 factors to 107,821.39 factors by February twenty eighth.

This represents a 3.18% enhance from the month’s opening determine of 104,496.12 factors, amid regular features in mid-cap shares and important contributions from heavyweight DANGOTE CEMENT.

Nonetheless, buying and selling quantity decreased to 9.2 billion shares, down 27.30% from 12.6 billion shares traded in January.

Market capitalization rose considerably, climbing from N64.7 trillion firstly of the month to N67.1 trillion by its finish.

Market efficiency

The Nigerian inventory market confirmed optimistic momentum, notably in mid-cap and choose large-cap shares. All-Share started February on a powerful word, surging above 108,000 throughout the second week.

Whereas the third week noticed modest features, the index finally fell, closing decrease within the fourth week at 107,821 factors.

Key highlights of the month

The NGX Premium Index gained 7.43%, with DANGOTE CEMENT rising over 20%, together with smaller features in LAFARGE and MTNN.

The NGX 30 Index additionally elevated by 1.55%.

Sectorial indices

The NGX Industrial Items Index jumped by 10%, supported by over 20% features in DANGOTE CEMENT and BETAGLASS.
The NGX Client Items Index grew by 1.70%.
Conversely, the NGX Oil & Gasoline Index fell by 4%, amid a decline of over 15.13% in OANDO.
The BANKING and INSURANCE sectors additionally declined, by 2.07% and 0.87%, respectively.

The highest gainers

Main the cost amongst gainers was PZ CUSSONS, which climbed by 53.91% month-to-date, adopted by UPDC at 53.48%. Different notable gainers included:

ETERNA: up 52.17%, N42.00
HONEYWELL FLOUR MILLS: up 43.00%, N13.70
LIVESTOCK: up 40.19%, N7.43
BETAGLASS: up 39.65%, N99.85
CAVERTON OFFSHORE SUPPORT: up 37.21%, N2.95
PRESCO: up 34.18%, N785
AFRIPUD: up 32.09%, N35.40
REDSTAREX: up 32%, N6.60

High losers
On the losers’ desk was UNION DICON SALT, which declined by 28% month-to-date, adopted by LEARN AFRICA at 28%. Different losers included:

EUNISELL INTERLINKED: down 27%, N9.80
UNIVERSITY PRESS: down 18.75%, N4.55
DARRCOMM: down 17.95%, N0.64
GOLDEN GUINEA BREW: down 17.94%, N7.09
PRESTIGE: down 15.38%, N1.10
OANDO: down 15.13%, N58.05
GUINEA INSURANCE: down 12.33%, N0.64
TRIPPLE GEE AND CO: down 12.32%, N2.20

Company actions

Quite a lot of company actions occurred in February:

PRESCO launched its This fall assertion for the interval ending December 31, 2025.
FIDSON HEALTHCARE revealed its This fall assertion for the interval ending December 31, 2025.
VFD launched its This fall monetary outcomes.
DANGOTE introduced plans for the enlargement of its ETHIOPIA CEMENT PLANT price USD 400 million.
TRANSCORP HOTELS introduced its audited monetary outcomes for the complete 12 months of 2024.

Market outlook

The All-Share Index is at the moment experiencing bullish momentum, setting its sights on the 110,000 threshold on the month-to-month time-frame.

Constructive responses to favorable earnings outcomes reported in late January and early February might drive the index previous the 110,000-point mark, offered it isn’t perceived as overbought.