Cowry Asset Mgt Channel
February 19, 2025 at 08:26 PM
*Nigerian Stock Exchange Trading Summary – February 19, 2025*
The local stock market experienced a midweek reversal in upward momentum as the All -Share Index climbed 0.97% to close at 108,609.51 points, bringing the year-to-date return to 5.52%. Market capitalization also rose by 0.75% to N67.68 trillion, driven by the cancellation of 166,948,153 ordinary shares (Treasury Shares) of Dangote Cement Plc. As a result, the company’s total issued and paid-up shares decreased from 17,040,507,405 to 16,873,559,252. This development contributed N504.7 billion in gains to the equities market by the session’s close.
*Market Performance Overview*
• Gainers: 25
• Losers: 28
*Top Gainers:*
• BUAFOODS: +9.91%
• RTBRISCOE: +6.91%
• ETERNA: +6.25%
• SUNUASSUR: +6.13%
• VERITASKAP: +6.03%
*Top Losers:*
• UPL: -9.80%
• INTENEGINS: -9.80%
• UNIONDICON: -9.52%
• MCNICHOLS: -8.57%
• DAARCOMM: -7.25%
*Leading Stocks by Volume:*
• ACCESSCORP: 65.10 million
• FIDELITYBK: 50.69 million
• ZENITHBANK: 22.09 million
• STERLINGNG: 13.17 million
• WAPIC: 13.08 million
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