The All-Share Index closed February 2025 on a powerful observe, rising 3,325.27 factors to 107,821.39 factors by February twenty eighth.
This represents a 3.18% improve from the month’s opening determine of 104,496.12 factors, amid regular beneficial properties 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.
The Nigerian inventory market confirmed optimistic momentum, significantly in mid-cap and choose large-cap shares. All-Share started February on a powerful observe, surging above 108,000 throughout the second week.
Whereas the third week noticed modest beneficial properties, the index finally fell, closing decrease within the fourth week at 107,821 factors.
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:
Prime 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:
Quite a lot of company actions befell in February:
Market outlook
The All-Share Index is at present experiencing bullish momentum, setting its sights on the 110,000 threshold on the month-to-month time-frame.
Optimistic 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.
