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Business News

Market Wrap: All-Share ends in the red, slips by 0.12% as UPDCREIT and AFRIPRUD shine 

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The Nigerian All Share Index ended the trading day in the red on April 2, 2025, falling by 123.20 points to close at 105,547.16.

This represents a modest decline of 0.12% from the previous session’s close of 105,670.36, as market volume decreased.

Daily trading volume dipped, with 438 million shares exchanged—down 19.48% from 544 million shares in the prior session.

Market capitalization retreated from N66.2 trillion to N66.1 trillion, holding narrowly above the N66 trillion threshold.

Among the gainers, UPDCREIT and AFRIPRUD shone brightly, rising by 10.00% and 9.96%, respectively.

Conversely, UACN led the losers, dropping 10.00%, while UPL followed closely behind with a decline of 9.95%.

In terms of trading activity, FIDELITYBK and MBENEFIT dominated the market, recording the highest share exchanges of the day.

Daily trading volume fell to 438 million shares, a decrease of 19.48% from the previous total of 544 million shares.

In the SWOOT category, OANDO experienced a setback, declining by 5.58%, while WAPCO slipped by 1.63%.

Despite the daily decline, the All-Share Index appears to be in a corrective phase, recently rising above the 105,000 mark from which it had previously declined.

If the positive momentum in the banking sector and other areas continues, the index could potentially surpass the 106,000 mark in the coming weeks.

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