WATCH THE VIDEO HERE The All-Share Index concluded the trading week ending on 7th February 2025 with a notable increase, rising by 1,436.91 points to reach a closing value of 105,933.03. This marks a 1.38% gain compared to the previous week’s closing figure of 104,496.12, amid favorable performance in the banking sector. Despite the bullish price action, trading volume experienced a decline of 5.94%, decreasing from 3.1 billion shares in the prior week to 2.9 billion shares. In contrast, market capitalization reflected positive momentum, climbing from N64.7 trillion at the start of the week to close at N65.9 trillion. During this period, fifty-eight (58) equities recorded price appreciation, an increase from fifty-two (52) in the preceding week. Conversely, thirty-four (34) equities experienced price depreciation, a decrease from forty-four (44) in the prior week. The Nigerian stock market experienced a positive week, with mid and large-cap stocks leading the charge on the gainers’ chart. All-Share closed in the green on all trading days during the week, particularly benefiting from notable surges on Wednesday and Friday. Key highlights of the week Sectoral indices Overall, the week showcased a vibrant market, characterized by significant sectoral performances and investor confidence. Top gainers Top losers Corporate actions overview This week, the corporate landscape was vibrant with significant announcements that captured investor attention: Market outlook The Nigerian stock market, as indicated by the All-Share Index, is currently experiencing a strong buying momentum, with price movements that might breach the psychological threshold of 106,000. The Nigerian stock market, as indicated by the All-Share Index, is currently experiencing a strong buying momentum, with price movements that might breach the psychological threshold of 106,000. Provided the index is not perceived as overbought, the positive sentiment stemming from the forthcoming earnings reports in late January and early February could further propel the index upward.
Leading the charge among gainers was UPDC PLC, which climbed by 38.50% month-to-date, followed by ETERNA PLC at 32.79%. Other notable gainers included:
On the losers’ table was SUNU ASSURANCES NIGERIA PLC, which declined by 12.87% month-to-date, followed by UNIVERSITY PRESS PLC at 10.00%. Other notable losers included:
Weekly Market Wrap: All-Share climbs 1.38% amid gains in Premium stocks and the banking sector
