The Nigerian All-Share Index closed the week ended April 17, 2025, on a downturn, recording a decline of 329.53 factors as unfavorable worth motion within the banking sector weighed on efficiency.
This decline, equal to a 0.32% lower, lowered the index to 104,233.81 factors, down from the earlier week’s closing worth of 104,563.34, regardless of slight positive factors within the Premium Index.
Alongside this drop, weekly buying and selling quantity noticed a big decline, falling by 27% from 2.09 billion shares within the earlier week to 1.5 billion shares.
Market capitalization additionally skilled a noteworthy discount, reducing from N65.7 trillion to N65.4 trillion, because the index clung to the N65 trillion threshold.
All through the week, 31 equities appreciated, a rise from 27 equities the earlier week. Conversely, 44 equities depreciated, down from 56, whereas 72 equities remained unchanged.
In the course of the week, market exercise confirmed a transparent downturn, with complete buying and selling quantity declining by 27% to 1.5 billion shares in comparison with 2.09 billion shares within the previous week.
The NGX Premium Index skilled a modest enhance of 0.57%, largely pushed by a strong achieve of over 7% in ACCESSCORP and MTNN.
In distinction, each the NGX-Essential Board Index and the NGX 30 Index resulted in unfavorable territory, declining by 0.17% and 0.41%, respectively.
The NGX Banking Index confronted important challenges, declining sharply by 5.43%. This drop was primarily pushed by substantial losses exceeding 10% in each GTCO and ZENITHBANK, together with losses of over 4% in STANBIC and UBA.
Main the cost amongst gainers was ABBEY MORTGAGE BANK PLC, which soared by 46.17% week-to-date, adopted by NIGERIAN BREW. PLC at 13.13%. Different notable gainers included:
On the losers’ desk was GUARANTY TRUST HOLDING COMPANY PLC, which declined by 13.24% week-to-date, adopted by ZENITH BANK PLC at 11.91%. Different notable losers included:
This week, the company panorama witnessed a collection of serious bulletins:
The All-Share Index is at the moment in a retracement part, beneath the 105,000-mark. Nevertheless, there are indicators of enchancment in some sectors, as bearish worth actions are reducing in comparison with the earlier week, indicating a possible reversal in market sentiment.
