All-Share Index dips 0.32%, falls below 108,000-mark; ACCESSCORP dominates trading volume 

This decrease translates to a 0.32% drop from the previous day’s level of 108,126.97, marking a slip below the significant 108,000 threshold.

In contrast to the index’s downturn, market volume saw a modest increase, rising by 1.4% from 357 million to 362 million shares traded.

However, market capitalization witnessed a decline, falling to N67.1 trillion from the previous N67.3 trillion, as the index remained close to the N67 trillion market cap level.

Examining individual stock performances, SMURFIT and NGXGROUP stood out with impressive gains of 10.00% and 9.97%, respectively.

On the flip side, HONYFLOUR and MORISON encountered significant setbacks, declining by 10.00% and 9.97%. Notably, ACCESSCORP and JAIZBANK emerged as key players in the day’s trading activities, greatly influencing overall turnover.

The daily trading volume experienced a slight increase of 1.4%, rising from 357 million shares the previous day to 362 million shares.

In terms of trading value, ARADEL emerged as the frontrunner, facilitating transactions worth N1.5 billion.

SWOOT and FUGAZ performance

For the FUGAZ category, only FBNH gained by 0.17%.

Market Outlook: Despite the daily decline, the All-Share Index is in a long-term bullish trend. When a pullback occurs due to consecutive declines, it may offer investors the opportunity to buy at lower prices.

If the index is not perceived as overbought, a pullback could set the stage for a sustained upward rally.