All-Share slips below 105,000-threshold, declines by 0.44%; TRANSPOWER and ZENITHBANK lead in trading value 

This represents a 0.44% decline from the previous close of 105,375.69, as the index slipped below the 105,000 threshold.

In contrast to this decline, daily trading volume increased sharply, rising from 349.9 million shares traded the day before to 1.3 billion shares.

However, market capitalization also declined, slipping below the N66 trillion mark to close at N65.7 trillion, with a total of 12,012 deals completed.

On the gaining side, JBERGER and OMATEK recorded increases of 8.47% and 6.15%, respectively. Conversely, LIVESTOCK and ETRANZACT saw losses of 10.00% and 9.40%.

In terms of trading volume, SOVRENINS and FIDELITYBK led the market, exchanging the highest number of shares.

Trading volume   

Despite the negative price action, daily trading volume surged significantly, jumping from 349.9 million shares the previous day to 1.3 billion.

SWOOT and FUGAZ performance   

Within the SWOOT category, OANDO and ARADEL experienced declines of 4.55% and 2.43%, respectively.

Market outlook   

The All-Share Index is in a retracement phase as it ends four consecutive trading days in the red.

If the market is not deemed overbought, this environment could present attractive opportunities for investors seeking to buy at lower prices.