All-Share Index surges previous N60 trillion market cap as CAVERTON dominates gainers, AUSTIN LAZ heads losers 

The Nigerian All-Share Index (ASI) delivered a powerful efficiency on December 13, 2024, surging by 617.69 factors to shut at 99,378.28—a 0.63% acquire. This milestone marks one other step towards the anticipated 100,000-point threshold.

Buying and selling exercise was brisk, with 534 million shares altering palms, a 9% uptick in comparison with the earlier session.

Market capitalization additionally climbed greater, breaking into the N60 trillion territory and settling at N60.2 trillion, supported by 8,464 recorded transactions.

The gainers’ chart was dominated by CAVERTON, IKEJAHOTEL, and ARADEL, all advancing by the day by day most of 10.00%, showcasing investor confidence in these equities.

On the flip aspect, AUSTINLAZ led the laggards with a ten.00% drop, adopted by ABCTRANS, which declined by 8.00%, signaling combined sentiment throughout the board.

By way of buying and selling quantity, JAPAULGOLD and ETRANZACT stood out as essentially the most traded shares, drawing vital investor curiosity and contributing to the day’s strong market turnover.

Market Abstract  

• Present ASI: 99,378.06 factors
• Earlier ASI: 98,760.59 factors
• Day Change: +0.65%
• 12 months-to-Date Efficiency: +32.91%
• Quantity Traded: 544.2 million shares
• Offers: 8,464

High 5 gainers  

• CAVERTON: up 10.00% to N1.98
• IKEJAHOTEL: up 10.00% to N8.80
• ARADEL: up 10.00% to N550.00
• AFRIPRUD: up 9.87% to N17.25
• GOLDBREW: up 9.64% to N8.64

High 5 losers  

• AUSTINLAZ: down 10.00% to N1.62
• ABCTRANS: down 8.00% to N1.15
• ROYALEX: down 7.69% to N0.60
• NSLTECH: down 5.26% to N0.54
• TIP: down 4.26% to N2.25

Buying and selling quantity 
On December 13, 2024, the Nigerian equities market noticed a notable 9% enhance in buying and selling quantity, with 544.2 million shares exchanged, surpassing the earlier session’s exercise.

• JAPAULGOLD led the pack as essentially the most actively traded inventory, with a powerful 71.7 million shares exchanged.
• ETRANZACT adopted intently with 70.6 million shares traded.
• TANTALIZER secured third place with 57.2 million shares.
• FCMB contributed 33 million shares to the day’s quantity.
• UNIVINSURE rounded out the highest 5, recording 27 million shares.

Buying and selling worth 
By way of buying and selling worth, heavyweight shares dominated:

• DANGCEM led with transactions value a staggering N3.2 billion.
• ARADEL ranked second, attracting N781.8 million in trades, reflecting sturdy investor curiosity.
• OANDO and ZENITHBANK have been additionally notable contributors, recording N732.2 million and N622.3 million, respectively.
• FBNH accomplished the highest 5, producing a buying and selling worth of N550.9 million.

SWOOT and FUGAZ 
The SWOOT shares, representing firms with market capitalizations above N1 trillion, had combined performances:

• ARADEL led with a ten% acquire.
• OANDO adopted, appreciating by 7.66%.
• Whereas different shares within the class stalled.

Among the many FUGAZ shares (FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK):

• UBA, ACCESSCORP, and ZENITHBANK posted positive factors of 1.06%, 0.62%, and 0.57%, respectively.
• GTCO slipped into the crimson, shedding 0.09%.
• FBNH remained flat, closing with no value motion.

Outlook 
The All-Share Index surged previous the 99,000-threshold, pushed by constructive value actions in mid- and large-cap shares. This bullish momentum units the stage for a possible rally in direction of the much-anticipated 100,000-point mark.

With sturdy investor confidence and strong efficiency throughout key sectors, the Nigerian equities market is poised to maintain its upward trajectory within the close to time period.