Weekly Market Wrap: All-Share Index dips 0.90% as VFD GROUP and UNION DICON SALT lead gainers for the second consecutive week

This reduction marks a weekly drop of 0.90%, bringing the index to 104,563.34, down from last week’s 105,511.89 and below the key 105,000 level. 

Despite the decline, trading volume surged to 2.09 billion shares, a 77% increase from the 1.18 billion shares exchanged the previous week. 

Less favourably, market capitalization declined significantly, dropping from N66.1 trillion to N65.7 trillion as the index fell below the N66 trillion mark. 

Over the week, 27 equities recorded price appreciation, an increase from the 23 equities that had gained value the previous week. In contrast, 56 equities faced price depreciation, rising from 51 in the week before. 

During the week ended April 11, 2025, market activity increased, with market volume soaring by 77% to 2.09 billion shares from the previous week’s 1.18 billion shares. 

The NGX Premium Index experienced a decrease of 1.53%, primarily driven by a drop of over 9% in ACCESSCORP. Concurrently, UBA, MTNN, and FIRSTHOLD also faced declines of over 3%.  

Notably, the NGX-Main Board Index reflected a similar trend, declining by 0.56%, while the NGX-Main 30 Index recorded a loss of 1.00%. 

Leading the charge among gainers was VFD GROUP PLC, which soared by 53.86% week-to-date, followed by UNION DICON SALT PLC at 31.03%. Other notable gainers included: 

On the losers’ table was ROYAL EXCHANGE PLC, which declined by 20.79% week-to-date, followed by CORNERSTONE INSURANCE PLC at 15.15%. Other notable losers included: 

This week, the corporate landscape was vibrant with significant announcements: 

The All-Share Index remains in a retracement phase, positioned below the critical 105,000 mark. Nevertheless, the potential recovery of large- and mid-cap stocks may contribute to the stabilization of the index in the coming weeks.