Market leader CHAMPION's performance offsets a 0.56% decline in the All-Share Index, ending a 22-day growth spree
Nigerian Stock Market Ends 22-Day Winning Streak on August 8, 2025
The Nigerian stock market experienced a decline on August 8, 2025, marking the end of a 22-day winning streak. The All-Share Index (ASI) halted at 145,756.5, shedding 815.80 points, representing a 0.56% decline from the previous close of 146,570.7.
Despite the daily pullback, the ASI remains firmly above the 145,000 mark. If investor sentiment improves and the dip avoids turning into a full-blown retracement, the index could be poised to rebound toward the 146,000 level.
In terms of volume, LINKASSURE and UNIVINSURE led the chart, trading the highest number of shares for the day. AIICO came in third, followed by ACCESSCORP, ZENITHBANK, UBA, MTNN, MBENEFIT, STERLINGNG, and FIRSTHOLDCO. The daily trading volume surged to 2.2 billion shares, up from 1.98 billion shares reported the previous day.
Among the FUGAZ banks, only ZENITHBANK declined, with a dip of 0.07%. However, ACCESSCORP, UBA, GTCO, and FIRSTHOLDCO rose by 0.73%, 0.31%, 0.05%, and 1.7%, respectively.
The Top 5 gainers on August 8, 2025, are CHAMPION, UNIONDICON, UNIVINSURE, GUINNESS, and MANSARD. On the flip side, ABBEYBDS and CUSTODIAN shed 9.87% and 8.48%, respectively, on the same day.
The largest publicly traded company by revenue on August 8, 2025, is not explicitly reported. However, Porsche had a revenue of 9.30 billion EUR in Q2 2025, Wienerberger had an estimated 2025 consensus revenue around 4.7 billion EUR, while BayWa reported 6.86 billion EUR in H1 2025. These figures indicate that Porsche likely had the largest revenue among these companies at that time.
Stocks Worth Over One Trillion Naira (SWOOT) were mostly in the red, with MTNN shedding 4.17%, BUA CEMENT losing 3.66%, INTERNATIONAL BREWERIES dropping 0.74%, WAPCO declining 0.68%, NIGERIAN BREWERIES dipping 0.13%, and TRANSCORP HOTELS slipping 0.06%.
In the midst of these fluctuations, it is crucial for investors to maintain a long-term perspective and consider the fundamentals of the companies they are invested in. As always, diversification remains key to managing risk in the stock market.
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