All-Share Index dips 0.11%; IKEJAHOTEL and LEARNAFRCA decrease as ACCESSCORP leads volume

The Nigerian All-Share Index concluded the trading session on February 17, 2025, at a loss, dropping 116.20 indicate close at 107,937.74.

This marks a 0.11 %decrease from the previous day’s worth of 108,053.94, even as trading volume increased.

Day-to-day trading volume climbed up by 6.71 %, increasing from 478 million shares to 510 million shares traded the day in the past.

Market capitalization slipped to N67.3 trillion over 17,095 deals, down from N67.4 trillion at the day’s start.

Taking a look at specific stock efficiencies, NB and CADBURY stuck out with outstanding gains of 10.00%and 9.97%, respectively. On the other hand, IKEJAHOTEL and LEARNAFRCA dealt with problems, each decreasing by 10.00%.

ACCESSCORP and AIICO took the lead in trading activity, playing a substantial function in forming the day’s turnover.

Market summary

• Present ASI: 107,937.74 points
• Previous ASI: 108,053.94 points
• Day Change: -0.11%
• Year-to-Date Performance: +4.98%
• Volume Traded: 510 million shares
• Market Cap: N67.3 trillion

Leading 5 Gainers

• NB: up 10.00% to N36.30
• CADBURY: up 9.97% to N32.00
• POINTER: up 9.88% to N4.45
• INTENEGINS: up 9.87% to N2.45
• ENAMELWA: up 9.43% to N23.20

Leading 5 Losers

• IKEJAHOTEL: down 10.00% to N12.60
• LEARNAFRCA: down 10.00% to N3.87
• CORNERST: down 9.80% to N3.13
• UPDC: down 9.79% to N3.41
• VFDGROUP: down 9.66% to N52.40

Trading volume

The day-to-day trading volume saw a boost of 6.71%, increasing to 510 million shares from the 478 million shares tape-recorded the previous day.

• Leading the marketplace, ACCESSCORP performed an excellent 143.6 million shares, carefully followed by AIICO with 24.6 million shares.
• UPDC protected the 3rd position with 20.4 million shares traded, while FIDELITYBK and UBA likewise made substantial contributions, trading 19.8 million and 17.8 million shares, respectively.

Trading worth

• In regards to trading worth, ACCESSCORP controlled the session with deals totaling up to N4 billion.
• OANDO made a considerable contribution of N1.1 billion, while UBA and ZENITHBANK included N668.2 million and N664.7 million, respectively.
• GTCO settled the day with N491.7 million in trades.

SWOOT and FUGAZ efficiency

Within the SWOOT classification, WAPCO experienced a modest boost of 0.83 %, whereas OANDO dealt with a decrease of 8.43 %.

In the FUGAZ group, UBA, GTCO, ZENITHBANK, and ACCESSCORP taped decreases of 0.90 %, 0.71 %, 0.29 %, and 0.18 %, respectively.

Market outlook

Regardless of the current decrease, the Index is presently taking advantage of strong purchasing momentum, keeping its position near the 107,000 level over the previous 2 days.

If the All-Share Index is not viewed as overbought, the favorable belief from current incomes reports in late January and early February might continue to drive the index up.