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 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 and RT Brisco led with advances of 9.95% and 9.93%, respectively.

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