WATCH THE VIDEO HERE The Nigerian All-Share Index continued its downward trajectory, shedding 219.21 points to settle at 97,432.02, marking its fifth consecutive day in negative territory. This 0.22% drop from the previous close of 97,651.23 highlights a persistent downtrend, as the market faces a challenging period even amid a rise in trading volume. Notably, trading volume surged significantly, reaching 888 million shares—a remarkable 66.8% increase over the prior session’s 532 million shares. The market saw heightened participation with 8,803 deals, bringing total capitalization to N59.03 trillion despite bearish price action. JOHNHOLT led the gainers with an impressive 10% rise, followed closely by EUNISELL and REDSTAREX, which gained 9.98% and 9.83%, respectively. On the flip side, ARADEL and ELLAHLAKES led the decliners, each shedding 10% and 9.92%, respectively, while FIDELITYBK and JAIZBANK saw the highest trading volumes, highlighting active investor interest in these stocks. Market Summary Current ASI: 97,432.02 points Previous ASI: 97,651.23 points Day Change: -0.22% Year-to-Date Performance: +30.30% Volume Traded: 888 million shares Deals: 8,803 Top 5 Gainers Top 5 Losers Despite the overall negative movement in the All-Share Index, market activity saw a notable boost, with trading volume rising sharply to 888 million shares, reflecting a substantial 66.8% increase from the previous day’s volume. Despite the overall negative movement in the All-Share Index, market activity saw a notable boost, with trading volume rising sharply to 888 million shares, reflecting a substantial 66.8% increase from the previous day’s volume. FIDELITYBK led the trading volume, with an impressive 540.8 million shares exchanged. JAIZBANK followed with 68.72 million shares, while other actively traded stocks included CHAMS with 49.3 million shares, ZENITHBANK at 40.71 million shares, and GTCO trading 22.47 million shares. In terms of transaction value, FIDELITYBK also dominated with trades totalling N7.68 billion. ARADEL was next, recording trades worth N2.3 billion. ZENITHBANK and GTCO posted significant transaction values of N1.65 billion and N1.24 billion, respectively, with UBA rounding out the top five at N373.07 million in traded value. SWOOT and FUGAZ stocks Market Outlook
Market Wrap: JOHNHOLT tops gainers as All-Share Index slips below 97,500; ARADEL and ELLAHLAKES lead decliners
