The Nigerian All-Share Index closed in the red on November 10, falling by 742.91 points to settle at 148,781.90.
This marks a 0.5% decline from Friday’s close of 149,519.6, as the index slipped below the 149,000 level.
Trading activity was weaker, with a total volume of 364 million shares exchanged, down from 527 million in the previous session.
Market capitalization also declined to N94.5 trillion across 32,564 deals, compared to N94.9 trillion in the prior session.
On the gainers’ chart, ASO SAVINGS and DEAP CAPITAL topped the list, rising by 10.00% and 9.83%, respectively. Conversely, LINK ASSURANCE and RT BRISCOE each fell by 10.00%, leading the losers’ table.
In terms of volume, ACCESSCORP and ZENITH BANK were the most actively traded stocks.
Stocks Worth Over One Trillion Naira (SWOOTs) closed bearish, as International Breweries declined 8.33% and Nigerian Breweries shed 2.69%.
Among the FUGAZ group, performance was similarly weak, with UBA down 4.88%, AccessCorp dropping 0.91%, Zenith Bank losing 0.67%, and GTCO falling 0.59%. FirstHold closed flat.
The All-Share Index remains in a strong retracement phase, which could deepen if selling pressure persists, potentially testing the 145,000 level.
However, with investors digesting solid Q3 corporate results, sentiment toward large-cap stocks may soon improve, possibly sparking a renewed bullish momentum.