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Business News

Four stocks fall 10% as ASI slips 984 points, SEPLAT tops value

The Nigerian stock market, tracked by the All-Share Index (ASI), shed 984.55 points on September 2, 2025, closing in the red at 138,737.64

Opening at 139,722.19 points, the index fell 0.70% as LAFARGE and INTERNATIONAL BREWERIES shed 9.88% and 6.72%, respectively.

Daily trading volume held steady at 407 million shares, while market capitalization mirrored the decline, slipping to N87.7 trillion across 31,406 deals from N88.4 trillion.

In terms of activity, GTCO and ACCESSCORP dominated the volume chart, exchanging the highest number of shares.

Daily trading volume stood at 407 million shares, unchanged from the previous session.

SWOOT & FUGAZ performance 

SWOOTs (Stocks Worth Over One Trillion Naira) had a mixed outing.

Among the FUGAZ stocks, ZENITHBANK gained 0.93%.

Market outlook 

The All-Share Index is currently undergoing a pullback, which could either prove shallow or deepen further depending on how bearish sentiment plays out through the week.

If banking and other large-cap stocks extend their declines in subsequent sessions, the index may weaken further.