The All-Share Index (ASI) closed in negative territory on March 18, 2025, declining by 423.48 points to settle at 105,375.69. This marks the third consecutive day of losses, representing a 0.40% decrease from the previous day’s close of 105,799.17.
Accompanying the downturn was a significant decline in trading volume, which fell by 26.7%—from 477.5 million shares traded the previous day to 349.9 million.
Market Performance Overview
Market capitalization followed the downward trend, closing at N66.07 trillion, down from N66.3 trillion. Despite this, the index continues to hold above the N66 trillion threshold.
Amid market fluctuations, NEIMETH and NNFM emerged as the top gainers, appreciating by 10.00% and 9.99%, respectively. In contrast, BUACEMENT and ELLAHLAKES recorded significant losses, declining by 10.00% and 4.82%.
Market Summary
- Current ASI: 105,375.69 points
- Previous ASI: 105,799.17 points
- Day Change: -0.40%
- Year-to-Date Performance: +2.38%
- Volume Traded: 349.9 million shares
- Market Capitalization: N66.07 trillion
Top Gainers
- NEIMETH: +10.00% to N2.97
- NNFM: +9.99% to N79.80
- CUSTODIAN: +9.69% to N21.50
- SUNUASSUR: +7.99% to N5.00
- GUINEAINS: +7.69% to N0.70
Top Losers
- BUACEMENT: -10.00% to N83.70
- ELLAHLAKES: -4.82% to N3.16
- REGALINS: -4.41% to N0.65
- WEMABANK: -4.19% to N10.30
- OMATEK: -2.99% to N0.65
Trading Volume
Daily trading volume decreased by 26.7%, dropping from 477.5 million shares to 349.9 million.
- ACCESSCORP led the market in trading volume with 36.7 million shares, followed by UNIVINSURE with 30 million shares.
- FIDELITYBK also saw strong activity, trading 28.8 million shares.
- JAIZBANK and ZENITHBANK recorded 22 million and 19.5 million shares, respectively.
Trading Value
In terms of trading value, ZENITHBANK led with transactions worth N929.9 million.
- ACCESSCORP followed with N847.2 million.
- GTCO and ARADEL recorded N815.6 million and N803 million, respectively.
- NAHCO rounded out the top five with N759.3 million in transactions.
SWOOT and FUGAZ Performance
- In the SWOOT category, BUACEMENT fell by 10%, while OANDO declined by 0.69%.
- Within the FUGAZ sector:
- ZENITHBANK gained 0.42%.
- UBA declined by 2.61%.
- FIRSTHOLD dropped 2.28%.
- ACCESSCORP fell by 0.64%.
- GTCO slipped by 0.25%.
Market Outlook
The All-Share Index is currently in a retracement phase as it attempts to maintain the 105,000-point threshold. If the market is not considered overbought, this could present buying opportunities for investors looking to enter at lower price levels.
