Nigerian All-Share Index Falls Below 193,000 Mark Again

The Nigerian All-Share Index experienced a decline for the fourth consecutive trading day, closing at 192,826.8 points, which is a drop of 0.38% from the previous close of 193,567.8 points. This decline resulted in a total loss of 741.1 points, marking a negative sentiment in the market with a total market capitalization of ₦13.7 trillion across 63,759 deals.

The trading volume fell to 823 million shares compared to 868 million shares in the prior session. Dangote Cement (NGX: DANGCEM) significantly weighed on the benchmark index, reflecting subdued investor activity and caution.

Year-to-date, the share index has returned -23.91%, down from -24.39% in the previous session. Among the gainers, Sovereign Trust Insurance (NGX: SOVRENINS) and RT Brisco led with advances of 9.95% and 9.93%, respectively.

Conversely, profit-taking pressure dragged down shares of Mercur Meyer (NGX: MEYER), which declined by 9.97%. Zenith Bank (NGX: ZENITHBANK) recorded a trade value of ₦7.1 billion, leading the market momentum.