The Nigerian stock market, tracked by the All-Portion Index, concluded the buying and selling session on February 7, 2025, on a selected show, gaining 502.88 choices to shut at 105,933.03.
This represents a 0.Forty eight% lengthen from the outdated shut of 105,430.15, because the index approaches the vital 106,000 barrier, indicating a brand new high.
Despite this price surge, buying and selling quantity noticed a decline of 28.9%, lowering from 537 million shares traded the prior day to 381 million.
On the opposite hand, market capitalization remained sturdy, firmly above the N65 trillion mark, closing at N65.9 trillion across 12,793 transactions.
Via person stock performance, ACADEMY and CADBURY every recorded spectacular gains of 9.93%.
Conversely, MULTIVERSE and MECURE skilled declines of 9.95% and 9.71%, respectively. Additionally, ZENITHBANK and CUTIX emerged as leaders in buying and selling project, seriously influencing the day’s turnover.
Market Abstract
- Fresh ASI: 105,933.03 choices
- Old ASI: 105,430.15 choices
- Day Alternate: 0.Forty eight%
- 12 months-to-Date Performance: +2.92%
- Quantity Traded: 381 million shares
- Market Cap: N65.9 trillion
Top 5 Gainers
- ACADEMY: up 9.93% to N2.99
- CADBURY: up 9.93% to N29.35
- ETERNA: up 9.90% to N36.65
- LIVESTOCK: up 9.85% to N5.80
- UPDC: up 9.75% to N2.59
Top 5 Losers
- MULTIVERSE: down 9.95% to N9.05
- MECURE: down 9.71% to N12.55
- NPFMCRFBK: down 7.94% to N1.74
- LEARNAFRCA: down 4.44% to N4.30
- TANTALIZER: down 3.85% to N2.00
Buying and selling quantity
The buying and selling quantity skilled a decline of 28.9%, falling to 381 million shares from 537 million shares reported the day prior to this.
- ZENITHBANK led the market with an spectacular 108.7 million shares traded. CUTIX closely followed, contributing 24.3 million shares.
- ACCESSCORP secured the third train with 23.6 million shares traded.
- STERLINGNG and FIDELITYBK additionally made remarkable contributions, with 22.7 million and 20.4 million shares traded, respectively.
Buying and selling price
- Via buying and selling price, the session was dominated by ZENITHBANK, achieving transactions worth N4.9 billion.
- PRESCO contributed a important N821 million.
- ACCESSCORP and ARADEL added N657.2 million and N622 million, respectively.
- STANBIC rounded off the day with N546.3 million in alternate.
SWOOT and FUGAZ performance
- Within the SWOOT class, WAPCO and OANDO recorded gains of 5.71% and nil.43%, respectively.
- Within the FUGAZ neighborhood, ZENITHBANK, FBNH, and UBA every gained 3.38%, 3.13%, and 3.03%, respectively, whereas ACCESSCORP climbed by 1.forty five%. GTCO reported no price actions at 0.00%.
Market Outlook
The Index is currently riding a safe aquire momentum as it eyes the 106,000 psychological barrier.
If All-Portion is no longer viewed as overbought, particular sentiment from the outpouring of leisurely January and early February earnings experiences would possibly per chance also unbiased proceed to push the index up.
Izuchukwu Okoye
Okoye Izuchukwu is a financial market creator and vendor with wide abilities in each Nigerian and global markets. With a eager sight for market inclinations and a ardour for insightful evaluation, he translates advanced financial ideas into collaborating drawl material. By combining helpful buying and selling abilities with thorough analysis, Okoye affords precious views that empower readers to create told selections in the ever-evolving world of finance.
