Weekly Market Wrap: All-Share Index slides 0.62% on declines in premium, oil & gasoline, and banking shares

The Nigerian equities market ended the week in unfavorable territory, with the All-Share index shedding 681.75 factors to settle at 109,028.62 as of Friday, twenty third Might 2025.

This marks a 0.62% decline from the earlier week’s shut of 109,710.37, fueled by sell-offs within the premium board, oil & gasoline, and banking shares.

Regardless of the dip in costs, the market held regular simply above the 109,000 stage, whereas buying and selling exercise gathered momentum, as whole weekly quantity soared 16.34% to three.03 billion shares.

Nonetheless, market capitalization took successful, slipping to N68.7 trillion from N68.9 trillion the week earlier than.

When it comes to market breadth, 52 equities recorded worth beneficial properties throughout the week, down from 61 within the earlier session.
On the flip facet, 41 equities closed decrease—a rise from the 31 that declined within the prior week.

Market Overview

The Nigerian inventory market noticed a combined efficiency throughout the week, with the All-Share Index (ASI) experiencing modest worth motion early on.

On Monday, the index slipped barely by 12.55 factors, earlier than edging into optimistic territory on Tuesday with a gentle achieve of 32.64 factors.
Nonetheless, pronounced declines set in midweek. Promoting strain intensified on Wednesday and Thursday, dragging the index under the 109,500 mark.
Though Friday’s loss was marginal, the ASI nonetheless ended the week within the crimson.

Key highlights

NGX Premium Index dropped by 1.15%, weighed down by an 8% decline in ACCESS HOLDINGS and sub-3% losses in MTN NIGERIA, ZENITH BANK, and UBA.
NGX 30 Index additionally closed decrease, slipping 0.50%, whereas the NGX Fundamental Board Index declined by 0.35%.

Sector efficiency

NGX Oil & Gasoline Index recorded the sharpest sector loss, falling 3.44%, pushed by a 6.7% stoop in OANDO and a 2.1% dip in heavyweight ARADEL.
Moreover, NGX Banking Index declined by 1.52%, dragged down by a ten% drop in FIDELITY BANK, an 8% fall in ACCESS HOLDINGS, and minor losses in UBA and ZENITH BANK.

On the upside, the NGX Client Items Index posted a 2.18% achieve, powered by a powerful 19.5% rally in NESTLÉ NIGERIA.

NGX Insurance coverage Index rose by 0.73%, whereas the NGX Industrial Items Index edged up 0.72%.

High gainers

Main the cost amongst gainers was CUTIX, which climbed 21.92% week-to-date, adopted by CUSTODIAN INVESTMENT PLC at 21.45%. Different notable gainers included:

Crimson Star Categorical Plc: up 20.90%, N6.71
John Holt Plc: up 20.63%, N7.60
Eunisell Interlinked: up 20.47%, N12.95
Nestlé Nigeria Plc: up 19.50%, N1,590.50
Regency Assurance Plc: up 18.18%, N0.65
Linkage Assurance Plc: up 17.60%, N1.47
Tantalizers Plc: up 17.39%, N2.70
eTranzact Worldwide Plc: up 15.25%, N6.80

High losers

On the losers’ desk, NEIMETH INTERNATIONAL PHARMACEUTICALS PLC led the decline with a 17.03% drop week-to-date, adopted by ASSOCIATED BUS COMPANY PLC at 15.59%. Different notable losers included:

Transcorp Lodges Plc: down 15.03%, N138.50
NPF Microfinance Bank Plc: down 12.79%, N2.25
FTN Cocoa Processors Plc: down 11.97%, N2.28
Fidelity Bank Plc: down 10.34%, N18.65
Chellarams Plc: down 9.96%, N11.75
Caverton Offshore Help Group Plc: down 9.52%, N3.80
Legend Web Plc: down 9.52%, N7.60
Be taught Africa Plc: down 8.86%, N4.01

Company actions overview

This week, the company panorama was vibrant with a number of key bulletins that captured investor consideration:

Fidelity Bank Plc clarified its place on a current courtroom judgment.
Linkage Assurance Plc launched its Q1 monetary statements.
Champion Breweries Plc handed key resolutions at its Annual Basic Assembly (AGM).
Seplat Vitality Plc introduced the change fee relevant to its Q1 dividend.
FirstHold Plc disclosed resolutions handed at its AGM.
Berger Paints Nigeria Plc additionally introduced resolutions handed at its AGM.

Market outlook

After reaching a peak above the 109,500 mark, the All-Share Index appears to be pulling again barely as traders seemingly think about extra enticing entry factors in shares which have been steadily climbing.

Nonetheless, a renewed wave of shopping for curiosity in giant and mid-cap shares may gasoline additional upward momentum, doubtlessly driving the index even increased within the coming classes.