Weekly Market Wrap: All-Share sheds 0.94%; Premium index and most sub-sectors end in the red, Consumer Goods shine 

This reflects a 0.94% dip, with the index falling from 105,955.13 to 104,962.96, slipping below the critical 105,000-mark.

Trading activity also saw a sharp decline, with weekly volume falling from 3.2 billion shares to 2.9 billion, marking an 11.57% decrease.

Similarly, market capitalization fell from N66.7 trillion reported the previous week to N65.8 trillion, dipping below the N66 trillion threshold.

The market saw 32 equities record gains during the week, down from 38 the previous week. In contrast, 48 equities experienced price drops, an increase from 46 the week before.

The Nigerian stock market experienced a significant downturn this past week, with most subsectors closing in the red.

All-Share began its decline on Monday, plummeting below the 105,000-mark by Wednesday. Although Thursday saw a slight dip, Friday offered only a modest recovery for the index.

Leading the charge among gainers was NEIMETH INTERNATIONAL PHARMACEUTICALS PLC, which climbed by 20.48% week-to-date, followed by LINKAGE ASSURANCE PLC at 13.49%. Other notable gainers included:

On the losers’ table was E-TRANZACT INTERNATIONAL PLC, which declined by 26.15% week-to-date, followed by LIVESTOCK FEEDS PLC at 17.55%. Other notable losers included:

This week featured several noteworthy corporate announcements:

The All-Share Index is currently in a retracement phase, aiming to rebound toward the 105,000-barrier from which it previously dipped.