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Business News

STANBIC tops gainers as All-Share Index firms above 145,000; market cap hits N92.3 trillion 

The Nigerian All-Share Index kicked off the week on a positive note, jumping 125.86 points to close at 145,880.77 on August 11, 2025.

This modest 0.09% gain extended the previous session’s 145,754.9 points, despite a slight dip in trading activity.

Daily trading volume eased from 2.2 billion shares to 2.1 billion shares, reflecting a quieter market.

Yet, market capitalization edged higher, mirroring the bullish momentum, rising from N92.2 trillion to N92.3 trillion.

On the winners’ board, STANBIC, TIP, UPDC, SUNUASSUR, and AIICO each surged impressively by 10%, marking a strong day for these stocks.

Meanwhile, ABBEYBDS and ABCTRANS saw declines of 10% each, leading the laggards.

On the volume side, LINKASSURE and UNIVINSURE dominated the volume charts, recording the highest number of shares traded during the session.

Daily trading volume slipped from 2.2 billion shares traded in the previous session, finally settling at 2.1 billion.

SWOOTs (Stocks Worth Over One Trillion Naira) delivered a mixed performance:

On the flip side, LAFARGE dropped 9.28%, TRANSPOWER fell 0.52%, INTERNATIONAL BREWERIES slipped 0.37%, and NIGERIAN BREWERIES lost 0.13%.

For the FUGAZ group:

FIRSTHOLDCO slipped 1.06%, UBA slipped 1.03%, ZENITHBANK lost 0.87%, and GTCO lost 0.15%.

The market’s bullish momentum continues, with the All-Share Index firm above the 131,000 mark, supported by strength in key equities.

If investor sentiment stays positive and the current rally avoids being seen as overstretched, the index may be on track to challenge upper levels in the near term.