All-Share Index dips 0.44%, ends three trading days in the red; TANTALIZER and UHOMREIT shineÂ

March 6, 2025 AZNews Latest News 0

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The Nigerian All-Share Index declined by 467.77 points, closing at 106,436.48 on March 5, 2025, thereby marking three consecutive trading days in the red.

This decline reflects a 0.44% drop from the previous day’s close of 106,904.25, coinciding with a decrease in trading volume.

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Daily trading volume also fell slightly to 389.5 million shares, compared to 395.4 million the day before, indicating a 1.49% reduction.

Market capitalization decreased to N66.6 trillion across 11,423 transactions, down from the N66.9 trillion reported previously.

Among the gainers, TANTALIZER and UHOMREIT saw increases of 9.64% and 8.84%, respectively. In contrast, CAVERTON and CONHALLPLC experienced declines of 10.00% and 9.87%, respectively.

Notably, FIDELITYBK and ACCESSCORP led trading activity, significantly contributing to the overall trading volume.

Market summary

  • Current ASI: 106,436.48 points
  • Previous ASI: 106,904.25 points
  • Day Change: -0.44%
  • Year-to-Date Performance: +3.41%
  • Volume Traded: 389.5 million shares
  • Market Cap: N66.6 trillion

Top 5 gainers

  • TANTALIZER: up 9.64% to N2.16
  • UHOMREIT: up 8.84% to N52.95
  • CHAMPION: up 7.69% to N4.20
  • CWG: up 5.70% to N8.35
  • DEAPCAP: up 5.56% to N0.95

Top 5 losers

  • CAVERTON: down 10.00% to N2.52
  • CONHALLPLC: down 9.87% to N3.56
  • ETERNA: down 9.66% to N34.15
  • FTNCOCOA: down 9.52% to N1.52
  • LINKASSURE: down 9.09% to N1.20

Trading volume Â

Daily trading volume experienced a slight decline, decreasing to 389.5 million shares from 395.4 million traded the previous day, marking a 1.49% drop.

  • FIDELITYBK led trading activity with 47.9 million shares exchanged, closely followed by ACCESSCORP with 35.6 million shares.
  • UBA also performed well, trading 29 million shares. Additionally, JAIZBANK and ZENITHBANK contributed 27 million and 21.6 million shares, respectively, to the overall trading volume.
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Trading value

  • In terms of trading value, OKOMUOIL stood out as the top performer, facilitating transactions totaling N2.5 billion. ZENITHBANK followed suit, contributing N1 billion to the daily total.
  • UBA and ACCESSCORP added N1 billion and N853.8 million, respectively, while FIDELITYBK rounded out the trading figures with N803.4 million.

SWOOT and FUGAZ performance  Â

Within the SWOOT category, price action remained stagnant with no movements observed.

  • In the FUGAZ category, ZENITHBANK saw a decline of 1.78%, followed by GTCO, which lost 0.85%. FBNH also experienced a decrease of 0.35%.
  • Conversely, UBA gained 0.84%, while ACCESSCORP remained unchanged at 0.00%.

Market outlook  Â

The All-Share Index appears to be entering a retracement phase, having declined for three consecutive days and slipping below the 107,000-threshold.

  • A pullback after consecutive declines may present opportunities for investors to enter at lower prices.
  • If the index is not considered overbought, this could lead to a potential upward rally
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