The Nigerian All-Share Index concluded the week ended April 4, 2025, on a downward word, reducing by 148.75 factors as value actions stalled.
This decline represents a weekly drop of 0.14%, bringing the index right down to 105,511.89 from the earlier week’s determine of 105,660.64, regardless of a slight achieve within the banking sector.
Buying and selling quantity skilled a big contraction, falling from 3.04 billion shares the prior week to 1.18 billion shares, a decline of 61%.
Market capitalization additionally took a success, declining from N66.2 trillion to N66.1 trillion, because the index clung to the N66 trillion threshold.
The NGX Premium Index skilled a lower of 0.11%, primarily influenced by a 7% drop in FIRSTHOLD. Concurrently, WAPCO and UBA confronted minor declines of 1.6% and 0.1%, respectively.
Notably, the NGX-Major Board Index adopted go well with, reflecting the identical decline of 0.11%, whereas the NGX-Major 30 Index recorded a slight lack of 0.05%.
In distinction, the NGX Banking Index rose by 0.22%, supported by a 5% achieve in FIDELITY BANK. Furthermore, ZENITHBANK, ACCESSCORP, and GTCO completed the week in barely optimistic territory, contributing to the general energy of the banking sector.
Main the cost amongst gainers was VFD GROUP PLC, which soared by 20.76% week-to-date, adopted by UNION DICON SALT PLC at 19.59%.
Different notable gainers included:
High losers
On the losers’ desk was U A C N PLC, which declined by 18.31% week-to-date, adopted by SUNU ASSURANCES NIGERIA PLC at 13.38%.
This week witnessed a sequence of noteworthy company disclosures, significantly regarding {financial} outcomes:
The All-Share Index seems to be present process a correction because it rises above the 105,000 mark, from which it had beforehand declined.
Ought to the optimistic momentum in banking and different sectors persist, the index might probably exceed the 106,000 mark within the forthcoming weeks.
