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Market Wrap: All-Share Index drops 248 points; OANDO and STANBIC decline 

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The All-Share Index concluded the trading session on January 31, 2025, on a negative note, declining by 248.31 points to finish at 104,496.12.

This reflects a 0.24% decrease from the previous close of 104,744.43, as the index slipped below the 104,500 threshold.

Notably, trading volume surged to 1.2 billion shares, marking a significant increase of 154% from the 497.3 million shares reported the previous day.

Market capitalization also saw a decline, decreasing from N64.8 trillion reported the prior day to N64.7 trillion, across 14,540 transactions.

In terms of individual stock performance, BETAGLAS and VITAFOAM recorded impressive gains of 10.00% and 9.98%, respectively.

Conversely, OANDO and STANBIC faced declines of 10.00% and 9.94%. Additionally, NSLTECH and JAPAULGOLD emerged as leaders in trading activity, significantly influencing the day’s turnover.

The trading volume witnessed a strong 154% increase, indicating a robust surge in market activity:

In terms of trading value, the session was dominated by:

In the SWOOT category, OANDO declined by 10%, while WAPCO saw a modest gain of 0.21%.

The FUGAZ group exhibited mixed results

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