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Business News

Weekly Market Wrap: All-Share Index snaps 11-week winning streak, falls 0.77% 

After 11 straight weeks of gains, the Nigerian All-Share Index retreated in the week ended August 15, 2025, shedding 1,126.71 points to close in the red.

The index, which opened at 145,754.91, slipped by 0.77% to finish at 144,628.20, despite a rise in trading activity.

Weekly trading volume improved to 8.5 billion shares, compared with 7.7 billion shares exchanged in the previous week.

However, market capitalization mirrored the downtrend in price, falling to N91.50 trillion from N92.20 trillion reported a week earlier.

The index started the week on a cautious note, edging up by 0.13% on Monday and 0.10% on Tuesday.

However, bearish momentum took hold from midweek, deepening on Thursday and Friday, and eventually dragging the index below the 145,000 thresholds by week’s end.

The NGX Premium Index shed 1.64%, weighed down by declines in LAFARGE, MTNN, ZENITH BANK, and UBA.

Similarly, the NGX 30 Index slipped 0.85%, while the NGX Main Board Index fell 0.26%.

Leading the pack was MUTUAL BENEFITS ASSURANCE PLC, which soared 31.85% week-to-date, marking a standout performance. TRIPPLE GEE & COMPANY PLC followed closely with a 30.23% gain.

Other major gainers included:

On the flip side, UPDC PLC led the laggards, shedding 17.72% week-to-date. LIVINGTRUST MORTGAGE BANK PLC followed with a 16.00% drop.

Other notable decliners were:

The week was marked by several key corporate disclosures and sector-wide developments:

The All-Share Index appears to be in the early phase of a pullback, which could deepen if bearish sentiment carries into the next trading week.

A further decline in investor confidence, particularly in large-cap stocks, may trigger a sharper retreat in the index.