All-Share Index closes at 99,922, eyes 100,000 mark as LIVINGTRUST tops gainers

The Nigerian All-Share Index (ASI) posted a strong efficiency on December 16, 2024, climbing 544.57 factors to shut at 99,922.63—a strong 0.55% achieve—because it inches nearer to the 100,000-mark.

Investor exercise surged, with buying and selling quantity reaching a powerful 740 million shares—a 38% enhance in comparison with the earlier session.

Market capitalization additionally maintained its robust footing above the N60 trillion threshold, ending the day at N60.58 trillion, underpinned by 8,464 recorded transactions.

LIVINGTRUST and ROYALEX led the gainers’ chart, each hitting the each day restrict of 10.00%, reflecting robust investor confidence in these shares.

Nevertheless, it wasn’t all optimistic, as UPL emerged as the largest laggard with a pointy 10.00% decline, adopted by HMCALL, which dropped 9.81% and 9.62%, respectively, illustrating a blended sentiment throughout the market.

On the exercise entrance, STERLINGNG and WEMABANK stood out because the day’s most traded shares, drawing important investor curiosity and contributing to the heightened market turnover.

Market Abstract  

Present ASI: 99,922.63 factors
Earlier ASI: 99,378.28 factors
Day Change: +0.55%
12 months-to-Date Efficiency: +33.63%
Quantity Traded: 740.8 million shares
Market cap: N60.58 trillion

Prime 5 gainers  

LIVINGTRUST: up 10.00% to N3.30
ROYALEX: up 10.00% to N0.66
INTBREW: up 9.90% to N4.55
GUINEAINS: up 9.84% to N0.67
CAVERTON: up 9.60% to N2.17

Prime 5 losers  

UPL: down 9.81% to N3.77
HMCALL: down 9.62% to N4.70
INTENEGINS: down 9.52% to N1.33
ABCTRANS: down 8.70% to N1.05
SOVRENINS: down 8.24% to N0.78

Buying and selling quantity

On December 16, 2024, the Nigerian equities market noticed a notable 38% enhance in buying and selling quantity, with 740 million shares exchanged, surpassing the earlier session’s exercise.

STERLINGNG led the pack as probably the most actively traded inventory, with a powerful 196.9 million shares exchanged.
WEMABANK adopted carefully with 150.4 million shares traded.
ETRANZACT secured third place with 70 million shares.
ACCESSCORP contributed 20.4 million shares to the day’s quantity.
UBA rounded out the highest 5, recording 17.6 million shares.

Buying and selling worth

By way of buying and selling worth, heavyweight shares took middle stage:

ARADEL led with transactions price a staggering N8.3 billion.
WEMABANK ranked second, attracting N1.3 billion in trades, reflecting robust investor curiosity.
STERLINGNG and OANDO have been additionally notable contributors, recording N955.5 million and N678.8 million, respectively.
UBA accomplished the highest 5, producing a buying and selling worth of N589 million.

SWOOT and FUGAZ efficiency

The SWOOT shares, representing firms with market capitalizations above N1 trillion, recorded blended performances:

ARADEL led the group with a strong 9.13% achieve.
OANDO adopted carefully, appreciating by 5.88%.

Among the many FUGAZ shares—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK:

FBNH and ZENITHBANK posted modest positive factors of 0.68% every.
GTCO and ACCESSCORP dipped, shedding 1.79% and 0.62%, respectively.
UBA remained flat, closing with no value motion.

Outlook 

The All-Share Index broke by the 99,500-mark, pushed by positive factors in large-cap shares. This upward momentum brings the market nearer to the eagerly awaited 100,000-point milestone.

With rising investor confidence and robust performances throughout main sectors, the Nigerian equities market is well-placed to maintain its optimistic trajectory within the coming days.