Weekly Market Wrap: All-Share Index rebounds strongly, good points 1.46% as client items, insurance coverage, and banking sectors shine 

The Nigerian All-Share Index concluded the week ended April 25, 2025, on a optimistic word, surging by 1,518.80 factors to achieve 105,752.61, because it approaches the N106,000 threshold, pushed by rallies within the client items, insurance coverage, and banking sectors.

This represents a commendable enhance of 1.46% in comparison with the earlier week, throughout which the index dipped under the 104,500-mark, settling at 104,233.81.

Moreover, market quantity skilled a sturdy development of 21.6%, with a complete of 1.85 billion shares exchanged, rising from 1.52 billion shares within the prior week.

The market capitalization additionally noticed a notable rise, surpassing the N66 trillion threshold, rising from N65.4 trillion the week earlier than to N66.4 trillion.

• All through the week, 64 equities recorded value appreciation, a major uptick from the 31 equities that gained within the earlier week.

• In distinction, 27 equities skilled a decline in worth, a lower from the 44 equities that had depreciated the week prior, whereas 57 equities remained steady with none value change.

Market overview  

Throughout the week, market quantity elevated by 21.6% to 1.85 billion shares exchanged, in comparison with 1.52 billion shares within the earlier week.

• The All-Share Index recorded three stable inexperienced days, from Tuesday, when buying and selling exercise resumed on the trade after Easter Monday, to Thursday, when it soared above the 106,000-barrier.
• Nonetheless, the index skilled a slight decline on Friday, shedding 321 factors and returning to the 105,000 zone.

Key highlights of the week 

• The NGX Premium Index skilled a modest decline of 0.43% attributable to a ten% dip in DANGOTE CEMENT.
• In distinction, each the NGX Essential Board Index and the NGX 30 Index led to optimistic territory, gaining 2.47% and 1.31%, respectively.

Sectoral indices 

• The NGX Shopper Items Index surged by 8.65%, fuelled by stable good points of over 20% in INTERNATIONAL BREWERIES, VITAFOAM NIGERIA, and CADBURY NIGERIA.
• The NGX Insurance coverage Index additionally soared, rising by 7.30%, whereas the NGX Banking Index gained a stable 5.06% attributable to robust performances from JAIZ BANK, ETI, ACCESSCORP, UBA, and ZENITH BANK.
• Conversely, the NGX Industrial Items Index fell by 3.44%, pushed by a decline in DANGOTE CEMENT, whereas the NGX Oil/Gasoline Index edged down by 0.07%.

High gainers

Main the cost amongst gainers was INTERNATIONAL BREWERIES PLC, which soared by 40.00% week-to-date, adopted by NASCON ALLIED INDUSTRIES PLC at 26.22%. Different notable gainers included:

• Africa Prudential PLC: up 25.64%, N17.15
• Vitafoam Nigeria PLC: up 21.22%, N44.85
• Ikeja Lodge PLC: up 21.00%, N12.10
• Legend Web PLC: up 20.92%, N6.82
• Eterna PLC: up 20.91%, N39.90
• Cadbury Nigeria PLC: up 20.91%, N26.60
• Be taught Africa PLC: up 19.69%, N3.89
• Sensible Merchandise Nigeria PLC: up 19.05%, N0.50

High losers

On the losers’ desk was VFD GROUP PLC, which declined by 82.19% week-to-date, adopted by JOHN HOLT PLC at 18.60%. Different notable losers included:

• Dangote Cement PLC: down 10.00%, N432.00
• Tripple Gee and Firm PLC: down 10.00%, N1.90
• Haldane McCall PLC: down 9.96%, N4.70
• Mrs Oil Nigeria PLC: down 9.95%, N157.50
• Multiverse Mining and Exploration PLC: down 9.83%, N7.80
• Austin Laz & Firm PLC: down 9.57%, N1.89
• Worldwide Power Insurance coverage PLC: down 6.76%, N1.38
• TotalEnergies Advertising Nigeria PLC: down 5.37%, N705.00

Company bulletins

This week, the company panorama witnessed a sequence of serious bulletins:

• United Bank for Africa PLC launched its Quarter 1 Monetary Assertion for 2025.
• Entry Holdings PLC disclosed its Audited Monetary Statements for the yr ended December 31, 2024.
• Lafarge Africa PLC introduced its monetary outcomes for the primary quarter of 2025.
• Transcorp Energy PLC reported its monetary efficiency for a similar quarter.
• Ikeja Lodge PLC shared its monetary outcomes for a similar interval.

Market outlook

The All-Share Index has proven constant restoration, not too long ago nearing the 106,000-mark. This means that bullish momentum is gaining power, and additional good points could also be on the horizon.

Sturdy value actions in large- and mid-cap shares are anticipated to be key in supporting the index’s stability within the weeks forward.