WATCH THE VIDEO HERE The All-Share Index closed February 2025 on a strong note, rising 3,325.27 points to 107,821.39 points by February 28th. This represents a 3.18% increase from the month’s opening figure of 104,496.12 points, amid steady gains in mid-cap stocks and significant contributions from heavyweight DANGOTE CEMENT. However, trading volume decreased to 9.2 billion shares, down 27.30% from 12.6 billion shares traded in January. Market capitalization rose significantly, climbing from N64.7 trillion at the start of the month to N67.1 trillion by its end. The Nigerian stock market showed positive momentum, particularly in mid-cap and select large-cap stocks. All-Share began February on a strong note, surging above 108,000 during the second week. While the third week saw modest gains, the index ultimately fell, closing lower in the fourth week at 107,821 points. The top gainers Leading the charge among gainers was PZ CUSSONS, which climbed by 53.91% month-to-date, followed by UPDC at 53.48%. Other notable gainers included: Top losers A variety of corporate actions took place in February: Market outlook The All-Share Index is currently experiencing bullish momentum, setting its sights on the 110,000 threshold on the monthly time frame. Positive responses to favorable earnings results reported in late January and early February could drive the index past the 110,000-point mark, provided it is not perceived as overbought.
On the losers’ table was UNION DICON SALT, which declined by 28% month-to-date, followed by LEARN AFRICA at 28%. Other losers included:
The Nigerian stock market ends February in the green, as Dangote Cement, shines
