The All-Share Index closed the trading session on February 18, 2025, in negative territory, declining by 266.76 points to finish at 107,670.98, as FUGAZ stocks decline.
This represents a 0.25% decrease from the previous day’s closing value of 107,937.98, coinciding with a notable drop in trading volume.
The market volume experienced a significant 20% decline, decreasing from 510 million shares traded to 408 million.
Meanwhile, the market capitalization weakened to N67.1 trillion over 14,174 transactions, down from N67.3 trillion at the start of the day.
In individual stock performance, CONHALLPLC and SUNUASSUR distinguished themselves with gains of 9.76% and 9.58%, respectively.
Conversely, TIP and UNIONDICON faced downturns, declining by 9.89% and 9.82%. Furthermore, ACCESSCORP and UBA emerged as key players in trading activity, significantly influencing the day’s turnover.
The daily trading volume saw a significant decrease of 20%, dropping to 408 million shares from the 510 million shares recorded the previous day.
In the SWOOT category, both OANDO and WAPCO faced declines, falling by 1.72% and 1.34%, respectively.
Meanwhile, within the FUGAZ group, all stocks also ended in the red.
Despite the recent downturn, the market outlook appears cautiously optimistic.
If market participants do not see the index as overbought, this retracement could set the stage for a continued upward rally.