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Business News

UBA and FIDELITYBK top trading volume as All-Share Index slips 0.08% 

The Nigerian All-Share Index closed slightly lower on Thursday, 29th May 2025, slipping by 84.53 points to settle at 111,818.08.

This modest 0.08% dip pulled the index back from its earlier high of 111,902.61, but it comfortably held above the 111,000 level.

Despite the red close, investor activity remained strong as trading volume climbed 8.65% to 556.4 million shares, up from 512.1 million the previous day.

Market capitalization stayed firm at N70.5 trillion, spread across 18,505 deals.

On the gainers’ chart, MBENEFIT and UPL led the way with impressive daily gains of 10.00% and 9.98%, respectively.

Meanwhile, LEGENDINT and SEPLAT found themselves on the opposite end, each shedding 10.00% to top the list of decliners.

In terms of trading volume, UBA and FIDELITYBK stole the spotlight, accounting for most of the day’s activity.

Despite the daily decline, trading volume increased to 556.4 million shares, up 8.65% compared to the 512.1 million shares traded the previous day.

Among the SWOOTs (Stocks Worth Over One Trillion Naira): 

Within the FUGAZ banking group: 

The All-Share Index remains firm above the 111,000 mark, driven by strong daily price action.

Continued momentum in mid- and large-cap stocks could help steer the market back onto a bullish trajectory in the sessions ahead.