The Nigerian All-Share Index closed the week ending March 21, 2025, on a downward word, shedding 992.17 factors, because the premium index and all subsectors besides client items confronted declines.
This displays a 0.94% dip, with the index falling from 105,955.13 to 104,962.96, slipping under the vital 105,000-mark.
Buying and selling exercise additionally noticed a pointy decline, with weekly quantity falling from 3.2 billion shares to 2.9 billion, marking an 11.57% lower.
Equally, market capitalization fell from N66.7 trillion reported the earlier week to N65.8 trillion, dipping under the N66 trillion threshold.
The market noticed 32 equities file positive aspects through the week, down from 38 the earlier week. In distinction, 48 equities skilled worth drops, a rise from 46 the week earlier than.
Market overview
The Nigerian inventory market skilled a major downturn this previous week, with most subsectors closing within the pink.
All-Share started its decline on Monday, plummeting under the 105,000-mark by Wednesday. Though Thursday noticed a slight dip, Friday provided solely a modest restoration for the index.
Key highlights of the week
- The NGX Premium Index dropped by 0.90%, largely because of sharp declines of over 4% in FIRSTHOLD, ACCESSCORP, and ZENITHBANK.
- The NGX 30 Index fell by 0.85%, and the NGX Predominant Board Index decreased by 0.96%.
Sectoral indices
- The NGX Client Items Index was the one sector to file positive aspects, climbing by 0.06%, primarily pushed by a 9.99% improve in NIG. FLOUR MILLS PLC
- In distinction, the NGX Industrial Items Index fell by 3.39%, considerably impacted by a ten.00% drop in BUA CEMENT PLC.
- The Insurance coverage Index skilled a decline of two.87%, with UNIVERSAL INSURANCE PLC and SOVEREIGN TRUST INSURANCE PLC each dropping greater than 9%.
- The Banking Index slipped by 2.55%, as FCMB, FIRSTHOLD, ACCESSCORP, and ZENITHBANK every declined by over 4%.
- In the meantime, the NGX Oil and Gasoline Index decreased by 1.08%.
Prime gainers
Main the cost amongst gainers was NEIMETH INTERNATIONAL PHARMACEUTICALS PLC, which climbed by 20.48% week-to-date, adopted by LINKAGE ASSURANCE PLC at 13.49%. Different notable gainers included:
- NIG. FLOUR MILLS PLC: up 9.99%, N79.80
- ACADEMY PRESS PLC: up 9.92%, N2.88
- MUTUAL BENEFITS ASSURANCE PLC: up 9.84%, N0.67
- JULIUS BERGER NIG. PLC: up 8.47%, N137.00
- TRANSCORP HOTELS PLC: up 7.85%, N136.00
- CUSTODIAN INVESTMENT PLC: up 6.63%, N20.90
- VERITAS KAPITAL ASSURANCE PLC: up 6.36%, N1.17
- NASCON ALLIED INDUSTRIES PLC: up 6.02%, N44.00
Prime Losers
On the losers’ desk was E-TRANZACT INTERNATIONAL PLC, which declined by 26.15% week-to-date, adopted by LIVESTOCK FEEDS PLC at 17.55%. Different notable losers included:
- RED STAR EXPRESS PLC: down 16.90%, N4.82
- UNIVERSAL INSURANCE PLC: down 13.33%, N0.52
- CAVERTON OFFSHORE SUPPORT GRP PLC: down 13.00%, N2.61
- SECURE ELECTRONIC TECHNOLOGY PLC: down 12.12%, N0.58
- BUA CEMENT PLC: down 10.00%, N83.70
- LEARN AFRICA PLC: down 9.85%, N3.02
- SOVEREIGN TRUST INSURANCE PLC: down 9.71%, N0.93
- ROYAL EXCHANGE PLC: down 9.09%, N0.80
Company actions overview
This week featured a number of noteworthy company bulletins:
- Mutual Advantages Assurance Plc launched its Q3 Monetary Assertion for 2024.
- CWG PLC revealed its Audited Monetary Assertion for the 12 months ended December 31, 2024.
- Nigerian Breweries PLC acquired the remaining 20% minority shares in Distell Wines and Spirits Nigeria Restricted.
- Unity Financial institution PLC appointed Mr. Ebenezer Ademola Kolawole because the Performing Managing Director.
- Thomas Wyatt NIG. PLC launched its Audited Monetary Assertion for the 12 months ended March 31, 2024.
Market outlook
The All-Share Index is at the moment in a retracement part, aiming to rebound towards the 105,000-barrier from which it beforehand dipped.
- A correction after consecutive declines might current traders with alternatives to enter at extra beneficial costs.
