Nigerian Stock Market Declines by 0.18% as LIVESTOCK and VFDGROUP Lead Gainers

The Nigerian All-Share Index (ASI) experienced a decline of 0.18% on April 9, 2025, closing at 104,187.00, down from the previous day’s 104,376.73. This drop of 189.73 points was accompanied by a decrease in market capitalization, which fell to N65.4 trillion. The market saw a reduction in trading activity, with daily volume dropping by 18.23% to 376.6 million shares compared to the 460.5 million shares traded the day before.

LIVESTOCK and VFDGROUP were the top gainers of the day, each recording a 10.00% increase. Other notable gainers included NGXGROUP, WAPIC, and UNIONDICON, which all posted significant gains. On the other hand, HMCALL and LEARNAFRCA were among the biggest losers, each facing a 10.00% decline. Despite the negative performance, the year-to-date performance of the All-Share Index remained positive at +1.22%.

In terms of trading volume, GTCO led the pack with 62.8 million shares exchanged, followed by ACCESSCORP with 51.3 million shares. ZENITHBANK and other top banks, including UBA, also recorded notable volumes. GTCO further led in trading value, facilitating transactions worth N4.09 billion. ZENITHBANK and MTNN were also among the top contributors in terms of transaction value.

The market is currently in a retracement phase, as the All-Share Index hovers below the key 105,000 mark. While some large-cap and mid-cap stocks may recover in the coming weeks, it remains to be seen whether the market will stabilize soon. The performance of stocks like GTCO and ACCESSCORP, along with the broader market outlook, will play a crucial role in determining the future trajectory of the Nigerian stock market.

Source: Naira Metrics