The Nigerian stock market ended a three-day losing streak on March 6, 2025, as the All-Share Index (ASI) rose by 344.24 points, closing at 106,780.72. This represents a 0.32% increase from the previous day’s close of 106,436.48, despite a slight dip in trading volume.
Market capitalization also saw a boost, rising to N66.8 trillion from N66.6 trillion, with 11,447 transactions recorded during the trading session. However, daily trading volume fell by 3.67% to 375.6 million shares, down from 389.5 million shares the previous day.
Top Gainers and Losers
Transnational Corporation (TRANSCORP) and SCOA Nigeria led the gainers’ chart, with their share prices rising by 9.98% and 9.88%, respectively. Other notable gainers included AFRIPRUD, TANTALIZER, and CAVERTON, which saw increases of 9.87%, 9.72%, and 9.52%, respectively.
On the flip side, SUNUASSUR and MRS topped the losers’ list, both declining by 10.00%. REDSTAREX, LASACO, and UPDC also recorded losses, shedding 10.00%, 7.99%, and 6.76%, respectively.
Trading Activity
Guaranty Trust Holding Company (GTCO) and Access Holdings (ACCESSCORP) dominated trading activity, contributing significantly to the day’s volume. GTCO led with 49.9 million shares traded, followed by ACCESSCORP with 43.8 million shares. Zenith Bank (ZENITHBANK), Fidelity Bank (FIDELITYBK), and United Bank for Africa (UBA) also saw robust trading, with 36.5 million, 27.1 million, and 19.4 million shares exchanged, respectively.
In terms of trading value, GTCO emerged as the top performer, recording transactions worth N2.9 billion. Zenith Bank followed with N1.7 billion, while ACCESSCORP, UBA, and FIDELITYBK contributed N1 billion, N705.1 million, and N468.6 million, respectively.
SWOOT and FUGAZ Performance
Stocks worth over one trillion (SWOOT) category showed no price movements during the session, maintaining stability. In the FUGAZ category, which comprises Nigeria’s top-tier banks, FBN Holdings (FBNH) and ACCESSCORP experienced slight declines of 0.35% and 0.21%, respectively. However, UBA, GTCO, and Zenith Bank posted gains of 2.78%, 0.85%, and 0.64%, respectively.
Market Outlook
The All-Share Index’s rebound after three consecutive days of decline suggests a potential retracement phase, offering opportunities for investors to enter the market at lower prices. Analysts believe that if the index is not overbought, this correction could pave the way for a sustained upward rally in the coming sessions.
The market’s performance reflects a mix of cautious optimism and selective buying, with investors closely monitoring economic indicators and corporate earnings reports for further direction. As the Nigerian stock market continues to navigate volatility, stakeholders remain hopeful for a positive trajectory in the weeks ahead.
