The Nigerian All-Share Index (ASI) ended the buying and selling day on November 20, 2024, with a 255.17-point acquire, marking its fourth consecutive day of development and shutting at 98,227.50.
The day’s acquire represented a 0.26% improve, underscoring a measured but regular constructive momentum.
Buying and selling exercise additionally intensified, with market members exchanging 370 million shares in 10,026 transactions—a strong 10.95% leap from the day past’s quantity of 333 million shares.
On the gainers’ chart, AUSTINLAZ led with a ten.00% surge, adopted intently by TANTALIZER and WAPCO, which posted spectacular beneficial properties of 10.00% and 9.98%, respectively.
Nevertheless, the day was not with out its laggards, as NNFM and RTBRISCOE led the decliners, every recording a ten.00% loss.
When it comes to exercise, HMCALL and ACCESSCORP stood out because the session’s most actively traded equities, drawing vital investor curiosity and heavy buying and selling volumes.
Market Abstract
- Present ASI: 98,227.5 factors
- Earlier ASI: 97,747.27 factors
- Day Change: +0.26%
- 12 months-to-Date Efficiency: +31.37%
- Quantity Traded: 370 million shares
- Offers: 10,026
Prime 5 gainers
- AUSTINLAZ: up 10.00% to N2.20
- TANTALIZER: up 10.00% to N0.99
- WAPCO: up 9.98% to N55.65
- HONYFLOUR: up 9.95% to N4.53
- EUNISELL: up 9.94% to N15.93
Prime 5 losers
- NNFM: down 10.00% to N33.75
- RTBRISCOE: down 10.00% to N2.61
- MULTIVERSE: down 9.43% to 7.20
- DAARCOMM: down 7.46% to N0.62
- MCNICHOLS: down 5.41% to N1.40
Buying and selling quantity
The Nigerian equities market skilled a surge in exercise as each day buying and selling quantity rose by 10.95%, with buyers exchanging 370 million shares, up from 333 million shares within the earlier session.
- HMCALL led the session as probably the most actively traded inventory, with a formidable 39.5 million shares altering palms.
- ACCESSCORP adopted with 22.9 million shares, whereas UBA, WAPCO, and GUINEAINS rounded out the highest 5 with 22.4 million, 19.0 million, and 16.1 million shares traded, respectively.
Buying and selling worth
- When it comes to buying and selling worth, SEPLAT dominated the session with transactions price a commanding N1.3 billion.
- WAPCO adopted intently, producing N1 billion in worth. UBA and ARADEL additionally carried out strongly, recording N752.1 million and N679.9 million, respectively.
- Finishing the highest 5, ZENITHBANK achieved transactions valued at N628.9 million, reflecting strong investor curiosity.
SWOOT and FUGAZ shares
Within the SWOOT class, comprising shares with market capitalizations exceeding N1 trillion, OANDO was the only mover, shedding 0.86%.
The FUGAZ shares—FBN Holdings, UBA, GTCO, Entry Holdings, and Zenith Bank—confirmed combined efficiency.
- ACCESSCORP and UBA recorded declines of 0.42% and 0.15%, respectively.
- Conversely, ZENITHBANK and FBNH posted beneficial properties of two.05% and 0.93%, whereas GTCO remained flat with no worth actions.
Outlook
The Nigerian equities market seems poised for additional beneficial properties, supported by sturdy bullish momentum in mid and large-cap shares.
Sustained rallies, fueled by strong investor sentiment and inspiring Q3 earnings throughout sectors, are prone to preserve upward momentum and entice broader market participation.
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