All-Share Index falls 0.11%; OANDO and PZ Cussons surge, FCMB trades 102 million shares 

This decrease represents a 0.11% fall from the previous day’s figure of 107,789.99, remaining below the 108,000 level.

In contrast to the index’s dip, market volume surged by 72%, escalating from 245.5 million to 423.3 million shares traded.

Despite this increase in trading activity, market capitalization held steady above N67 trillion, maintaining a value of N67.1 trillion, consistent with the prior day.

A closer examination of individual stock performances reveals that OANDO and PZ achieved notable gains of 10.00% each. Conversely, FIDSON and ETI faced significant declines, dropping by 9.60% and 9.51%, respectively.

Additionally, FCMB and ZENITHBANK emerged as pivotal players in the day’s trading activities, significantly impacting overall turnover.

Daily market volume experienced a remarkable increase of 72%, rising from 245.5 million to 423.3 million shares traded.

In terms of trading value, ZENITHBANK emerged as the leader, facilitating transactions totaling N1.5 billion.

For the FUGAZ category, only FBNH and UBA recorded losses of 0.67% and 0.27%, respectively.

Notably, ZENITHBANK, GTCO, and ACCESSCORP experienced no price movements during the session.

Despite the daily decline, the All-Share Index remains in a long-term bullish trend. A pullback following consecutive declines may present investors with opportunities to purchase shares at reduced prices.

If the index is not deemed overbought, this pullback could pave the way for a sustained upward rally.