All-Share Index dips 0.40% as BUACEMENT and ELLAHLAKES decline; ACCESSCORP leads in trading volume

This decline marks three consecutive days of losses, translating to a 0.40% decrease from the previous day’s closing figure of 105,799.17.

Accompanying this downturn was a significant drop in trading volume, which fell by 26.7%, from 477.5 million shares traded the day before to just 349.9 million.

Market capitalization followed suit, closing the day at N66.07 trillion, down from N66.3 trillion, as the index held tightly to the N66 trillion threshold

Amid these fluctuations, NEIMETH and NNFM stood out as impressive gainers, rising by 10.00% and 9.99%, respectively.

Conversely, BUACEMENT and ELLAHLAKES faced challenges, dropping by 10.00% and 4.82%. ACCESSCORP and UNIVINSURE were particularly active throughout the trading session, contributing significantly to the overall trading volume.

Daily trading volume slipped by 26.7%, decreasing from 477.5 million shares traded the day before to 349.9 million.

In terms of trading value, ZENITHBANK stood out as the leading performer, facilitating transactions worth N929.9 million.

SWOOT and FUGAZ performance
In the SWOOT category, BUA Cement experienced a notable decline of 10%, while OANDO fell by 0.69%.

Within the FUGAZ sector, only ZENITHBANK managed to gain, climbing by 0.42%.

Market outlook
The All-Share Index is in a retracement phase as it strives to maintain the 105,000 threshold. If the market is not deemed overbought, this environment could present attractive opportunities for investors seeking to buy at lower prices.