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All-Share Index dips 0.19% as ACADEMY and NEIMETH shine; JAIZBANK leads in trading volume

On March 17, 2025, the Nigerian market closed in the red, dropping 196.15 points to settle at 105,799.17.

This decline translates to a 0.19% decrease from the previous day’s closing value of 105,995.32, coinciding with a dip in trading volume.

Daily trading volume fell significantly, from 750.5 million the day before to 477.5 million, marking a sharp 36.38% decline.

The market capitalization ended the day at N66.3 trillion, firmly holding onto the N66 trillion threshold.

Amidst the fluctuations, ACADEMY and NEIMETH stood out as noteworthy gainers, rising by 9.92% and 8.43%, respectively.

However, ETRANZACT and SUNUASSUR faced challenges, dropping by 10.00% and 9.66%, respectively. Throughout the trading day, JAIZBANK and ZENITHBANK were particularly active, contributing significantly to the overall trading volume.

Daily trading volume saw a significant decline, dropping from 750.5 million shares the previous day to 477.5 million, which marks a 36.38% decrease.

Regarding trading value, MTNN stood out as the leading performer, facilitating transactions worth N1.3 billion.

SWOOT and FUGAZ performance

In the SWOOT category, OANDO experienced a decline of 2.02%.

Market outlook

The All-Share Index may be poised for a correction following the bearish trends seen throughout March.

If the market is not deemed overbought, it could present attractive opportunities for investors looking to buy at lower prices.

 

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