Weekly Market Wrap: Nigerian inventory market sinks 3,624 factors as cement giants gas decline

The Nigerian equities market wrapped up the week ended August 22 within the pink, because the All-Share Index dropped 3,624.06 factors to shut at 141,004.14.

Opening at 144,628.20, the index slipped by 2.51%, dragged down majorly by losses in cement giants DANGOTE CEMENT and BUA CEMENT.

Buying and selling quantity fell sharply, with 4.1 billion shares exchanged, down from 8.5 billion shares every week earlier.

Market capitalization additionally mirrored the downturn, sliding from N91.5 trillion to N89.2 trillion.

Solely 43 equities recorded value beneficial properties, fewer than the 50 that superior within the prior week.
In the meantime, 54 equities declined, larger than the 49 losers beforehand, whereas 49 equities closed flat.

Market overview

The All-Share Index opened the week at 144,628.20, ending Monday barely within the inexperienced.

The temper shifted from Tuesday because the index slipped to 142,613.47, extending its losses by Wednesday and Thursday, when it practically broke under the 140,000 thresholds.

A light rebound got here on Friday, with the market staging a 671-point restoration, although not sufficient to offset earlier losses, leaving the index at 141,004.14 for the week.

Key highlights

The NGX Premium Index shed 4.31%, dragged by a 9.88% drop in DANGOTE CEMENT, alongside declines of below 5% in ACCESSCORP, ZENITH BANK, FIRSTHOLDCO, MTN NIGERIA, and LAFARGE AFRICA.

The NGX 30 Index mirrored the All-Share Index, shedding 2.69%, whereas the NGX-Principal Board Index dipped 1.51%.

Sectoral efficiency

The NGX Industrial Items Index recorded a decline of 8.42%, dragged by drops of over 9% in DANGOTE CEMENT and BUA CEMENT, and a 1.03% fall in LAFARGE AFRICA. Mid-cap inventory CUTIX shed over 10%.
NGX Insurance coverage Index weakened by 4.17% as NEM INSURANCE, LASACO ASSURANCE, VERITAS KAPITAL ASSURANCE, and CORONATION INSURANCE all shed greater than 11.00%.
NGX Banking Index misplaced 3.48% on declines throughout the FUGAZ banks, whereas the NGX Oil & Gasoline Index slipped 0.84%.
The one gainer was the NGX Shopper Items Index, which edged up 0.83%.

High gainers

Main the pack was AUSTIN LAZ & COMPANY PLC, which soared 20.83% week-to-date, marking a standout efficiency. NCR (NIGERIA) PLC adopted carefully with a 20.69% achieve.

Different main gainers included:

Nigerian Enamelware Plc: up 19.45% to N39.00
Guinea Insurance coverage Plc: up 18.79% to N1.77
Mutual Advantages Assurance Plc: up 14.29% to N4.40
Caverton Offshore Assist Group Plc: up 12.31% to N7.30
Deap Capital Administration & Belief Plc: up 11.80% to N1.80
Multiverse Mining and Exploration Plc: up 11.22% to N10.90
Daar Communications Plc: up 11.01% to N1.21
Champion Breweries Plc: up 10.91% to N18.80

High losers

On the flip aspect, THOMAS WYATT NIG. PLC led the laggards, shedding 18.92% week-to-date. NEM Insurance coverage Plc adopted with an 18.15% decline.

Different notable decliners have been:

Stanbic IBTC Holdings Plc: down 15.39% to N94.00
Lasaco Assurance Plc: down 14.57% to N3.46
R.T. Briscoe Plc: down 13.92% to N3.40
Veritas Kapital Assurance Plc: down 12.78% to N1.98
Royal Trade Plc: down 12.45% to N2.25
Coronation Insurance coverage Plc: down 11.57% to N3.21
Cutix Plc: down 11.25% to N3.55.
The Initiates Plc: down 10.22% to N12.30

Company actions overview

The week featured a lot of notable company disclosures and sector-wide developments:

Status Assurance Plc launched its monetary assertion for the second quarter of 2025.
Champion Breweries Plc introduced an settlement to amass Bullet Power Drink.
UPDC Actual Property Funding Belief declared the distribution of its interim dividend.
Presco Plc secured shareholder approval for a capital elevate and dividend funds at its AGM.

Market outlook

The All-Share Index seems to be within the early levels of a pullback, which might deepen if bearish sentiment extends into the approaching week.

However, if the rebound seen in Friday’s session beneficial properties momentum, the index might stage a restoration and reverse a part of its current losses.

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