The Nigerian All-Share Index (ASI) closed the buying and selling session on November 27, 2024, within the purple, shedding 343.31 factors to settle at 97,296.57—a dip of 0.35%.
Regardless of the general decline, the market demonstrated a exceptional uptick in exercise, with buying and selling volumes surging by a powerful 48.97%.
A staggering 822 million shares modified arms throughout the session, marking a big leap from the day past’s 552 million shares and reflecting a surge in investor participation.
On the gainers’ chart, SUNUASSUR emerged as the perfect performer, rallying by 9.97% to clinch the highest spot. GUINEAINS adopted with an 8.16% improve, whereas CONOIL rounded out the highest three with a stable 6.56% acquire.
Conversely, the losers’ chart was led by JOHN HOLT, which recorded a steep decline of 10.00%. Shut behind was ARADEL, shedding 9.98% of its worth.
Notably, HMCALL and JAPAULGOLD dominated the buying and selling ground because the day’s most actively traded shares.
Market Abstract
- Present ASI: 97,296.57 factors
- Earlier ASI: 97,626.27 factors
- Yr-to-Date Efficiency: +30.12%
- Quantity Traded: 822 million shares
High 5 gainers
- SUNUASSUR: up 9.97% to N4.19
- GUINEANS: up 8.16% to N0.53
- CONOIL: up 6.56% to N276.00
- DAARCOMMS: up 6.56% to N0.65
- NASCON: up 6.23% to N32.40
High 5 losers
- JOHNHOLT: down 10.00% to N9.90
- ARADEL: down 9.98% to N473.30
- ETERNA: down 9.88% to N22.35
- HMCALL: down 8.43% to N5.65
- UPDC: down 8.13% to N1.47
Buying and selling quantity
The Nigerian equities market skilled a notable surge in exercise, with buying and selling quantity climbing by a powerful 48.97%. Buyers exchanged a complete of 822 million shares, a considerable bounce from the 552 million shares traded within the earlier session.
- HMCALL led the pack with a staggering 373.7 million shares altering arms, cementing its place because the day’s most actively traded inventory.
- Trailing carefully was JAPAULGOLD, which recorded a strong 115.9 million shares traded.
- Different key contributors to the buying and selling quantity included TANTALIZER, with 30.7 million shares; UBA, accounting for 29.4 million shares; and GTCO, rounding out the highest 5 with 28.7 million shares traded.
Buying and selling worth
On the worth entrance, HMCALL emerged because the standout, driving transactions price a powerful N2.1 billion. GTCO adopted, with commerce values reaching N1.5 billion, underscoring sustained investor curiosity.
- UBA and OANDO additionally made important contributions, recording N930 million and N778.2 million, respectively, in buying and selling worth.
- TRANSCORP rounded out the highest 5 with transactions totaling N709.7 million, reinforcing its continued attraction amongst market individuals.
SWOOT and FUGAZ Shares
Within the SWOOT class, which incorporates shares with market capitalizations exceeding N1 trillion, OANDO recorded a acquire of three.33%, whereas ARADEL skilled a notable decline, shedding 9.98% of its share value.
- The FUGAZ shares—comprising FBN Holdings (FBNH), United Bank for Africa (UBA), Entry Holdings (ACCESSCORP), and Zenith Bank (ZENITHBANK)—noticed blended exercise throughout the session.
- ACCESSCORP and UBA posted declines of 1.77% and 0.47%, respectively.
- In the meantime, FBNH, GTCO, and ZENITHBANK closed flat, with no value motion recorded.
Outlook
Regardless of the market’s dip, optimism stays for a possible rebound within the Nigerian equities market. Robust Q3 earnings throughout a number of sectors, mixed with sustained investor curiosity, are anticipated to gas upward momentum within the periods forward.
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