All-Share Index falls 0.34% on March’s first trading day; NGXGROUP and LEARNAFRICA surge 

This decline reflects a 0.34% decrease from the previous day’s figure of 107,821.39.

In addition to this price drop, market volume also decreased, falling to 308 million shares from the 458 million shares traded the prior day.

Market capitalization remained stable at N67.2 trillion, consistently above the N67 trillion threshold.

Among individual performances, NGXGROUP and LEARNAFRICA each achieved notable gains of 10.00%. In contrast, IKEJAHOTEL and UCAP led the decliners, posting losses of 9.92% and 9.91%, respectively.

Overall, market activity showed a modest increase, with ZENITHBANK and FIDELITY emerging as the most actively traded stocks, making substantial contributions to the day’s overall turnover.

Daily market volume saw a decline, dropping from 458 million shares traded on the previous Friday to 308 million shares on Monday of the first week of March.

In terms of trading value, ZENITHBANK was the top performer, facilitating transactions totaling N1.5 billion.

In the SWOOT category, OANDO was the leading gainer, with an increase of 2.8%, while ARADEL saw a more modest gain of 0.4%.

Despite the daily decline, the All-Share Index is on a long-term bullish trend. A pullback after consecutive declines may present opportunities for investors to purchase shares at lower prices. If the index is not considered overbought, this could lead to a potential upward rally.