The Nigerian All-Share Index (ASI) closed the buying and selling session on November 22, 2024, in unfavourable territory, shedding 163.53 factors to settle at 97,829.02—a modest decline of 0.17%.
Including to the subdued efficiency, buying and selling quantity fell by 21.60%, with solely 366 million shares exchanged—a big drop from the 467 million shares traded within the earlier session.
On the gainers’ chart, EUNISELL emerged because the star performer, surging by 9.99% to assert the highest spot.
Following carefully have been AUSTINLAZ and HMCALL, which posted spectacular features of 9.92% and 9.91%, respectively, showcasing sturdy investor confidence in these equities.
Conversely, the decliners’ checklist was led by MECURE and MULTIVERSE, which confronted sharp losses of 9.83% and 9.03%, respectively, as bearish sentiment weighed closely on their costs.
By way of exercise, FBN Holdings (FBNH) and Guinea Insurance coverage (GUINEAINS) commanded the buying and selling flooring, rising as probably the most actively traded shares of the day.
Market Abstract
- Present ASI: 97,829.02 factors
- Earlier ASI: 97,992.55 factors
- Day Change: -0.17%
- 12 months-to-Date Efficiency: +30.83%
- Quantity Traded: 366 million shares
- Offers: 9,677
Prime 5 gainers
- EUNISELL: up 9.99% to N19.27
- AUSTINLAZ: up 9.92% to N2.66
- HMCALL: up 9.91% to N5.10
- THOMASWY: up 9.77% to N1.91
- TANTALIZER: up 9.26% to N1.18
Prime 5 losers
- MECURE: down 9.83% to N10.55
- MULTIVERSE: down 9.03% to N6.55
- DAARCOMM: down 8.82% to N0.62
- FBNH: down 5.75% to N25.40
- WAPCO: down 5.26% to N54.00
Buying and selling quantity
Exercise within the Nigerian equities market softened as each day buying and selling quantity dipped by 21.60%. Buyers exchanged 366 million shares, a big drop from the 467 million shares recorded within the earlier session, signalling diminished market engagement.
- FBN Holdings (FBNH) dominated the buying and selling session, with a powerful 42.4 million shares altering palms, cementing its place because the day’s most actively traded inventory.
- Sizzling on its heels was Guinea Insurance coverage (GUINEAINS), which noticed 34.9 million shares traded.
- Different notable gamers within the quantity chart included PRESTIGE with 27 million shares, CUTIX with 21.9 million shares, and ZENITHBANK, which rounded out the highest 5 with 15.7 million shares.
Buying and selling worth
- On the worth entrance, FBNH additionally claimed the highlight, driving commerce price a considerable N1.1 billion. UBA adopted, recording a powerful N466.7 million in transaction worth.
- ARADEL and ZENITHBANK demonstrated strong investor curiosity, contributing N465.8 million and N455.2 million, respectively, to the day’s buying and selling worth.
- WAPCO rounded out the highest 5, attracting transactions price N437.5 million, underscoring its continued attraction amongst buyers.
SWOOT and FUGAZ Shares
- Within the SWOOT class—that includes shares with market capitalizations exceeding N1 trillion—OANDO emerged because the lone gainer, advancing by 1.67%.
However, the FUGAZ shares, which embody FBN Holdings (FBNH), United Bank for Africa (UBA), Entry Holdings (ACCESSCORP), and Zenith Bank (ZENITHBANK), ended the session within the purple.
- FBNH led the declines with a big drop of 5.75%, adopted by UBA and ACCESSCORP, which slipped by 1.67% and 0.43%, respectively.
- Notably, GTCO noticed no value motion, sustaining a flat shut.
Outlook
Regardless of the day’s decline, the Nigerian fairness market exhibits sturdy potential for restoration, supported by sustained rallies and strong Q3 earnings throughout numerous sectors, that are anticipated to drive upward momentum.
This, in flip, may bolster broader market participation and set the stage for features in upcoming classes.
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