The Nigerian stock market, tracked by the All-Share Index, wrapped up the trading session ending February 12, 2025, with a strong surge, gaining 1,247.80 points to close at 107,822.52.
This significant increase reflects a 1.17% rise from the previous closing figure of 106,574.71, as the index shattered the 107,000 barrier, achieving a new high.
Notably, despite the upward price action, the trading volume experienced a slight decline of 3.27%, falling from 478.3 million shares traded the previous day to 461.7 million.
However, market capitalization demonstrated resilience, exceeding the N67 trillion threshold and closing at N67.2 trillion across 15,629 transactions.
In assessing individual stock performances, VFDGROUP and IKEJAHOTEL each posted commendable gains of 10.00%. In contrast, CWG and REGALINS dipped, recording declines of 8.95% and 7.89%, respectively.
Additionally, STERLINGNG and ELLAHLAKES stood out as leaders in trading activity, playing a significant role in shaping the day’s turnover.
The daily trading volume experienced a decline of 3.27%, falling to 461 million shares from the 478 million shares reported the previous day.
The Index is currently riding a strong buy momentum as it eyes the 108,000 psychological barrier. If the All-Share Index is not viewed as overbought, positive sentiment from the outpouring of late January and early February earnings reports may continue to push the index up.