Market Wrap: All Share breaks 102,000-barrier on Christmas Eve; MRS OIL and IKEJA HOTEL tops gainers 

The Nigerian All-Share Index (ASI) closed on Christmas Eve, at 102,186.03, reflecting a whooping acquire of 829.88 factors.

This 0.82% rise suggests rising investor optimism because the index eyes March’s excessive above 104,000.

Regardless of the surge, buying and selling quantity decreased, with solely 397 million shares exchanged, down 20% from the earlier session’s 503 million.

The market capitalization neared N62 trillion, wrapping up the day at N61.9 trillion, supported by 8,369 transactions.

MRS emerged as the highest gainer, hovering by 10.00%, adopted intently by IKEJAHOTEL at 9.95% and MULTIVERSE at 9.90%.

In distinction, THOMASWY confronted the most important decline, dropping 10.00%, with CAVERTON not far behind at a lower of seven.35%, illustrating a combined sentiment amongst traders.

Notably, UBA and UNIVINSURE have been essentially the most actively traded shares, capturing important investor curiosity and contributing notably to the day’s turnover.

Market Abstract  

• Present ASI: 102,186.03 factors
• Earlier ASI: 101,356.15 factors
• Day Change: +0.82%
• Yr-to-Date Efficiency: +36.66%
• Quantity Traded: 431.7 million shares
• Market Cap: N61.9 trillion

Prime 5 gainers  

• MRS: up 10.00% to N217.80
• IKEJAHOTEL: up 9.95% to N11.05
• MULTIVERSE: up 9.90% to N5.55
• SKYAVN: up 9.84% to N30.70
• JOHNHOLT: up 9.69% to N6.45

Prime 5 losers  

• THOMASWY: down 10.00% to N1.71
• CAVERTON: down 7.35% to N2.27
• WAPIC: down 5.03% to N1.70
• HMCALL: down 5.00% to N4.75
• LIVESTOCK: down 5.00% to N3.80

Buying and selling quantity 

Whereas the market maintained an total constructive trajectory, buying and selling quantity took a major dip, lowering by 20% with 397 million shares exchanged in comparison with the earlier session.

• Notably, UBA led the pack, buying and selling a formidable 51.1 million shares, whereas UNIVINSURE adopted intently behind with 49.6 million shares.
• CILEASING secured the third spot with 37.1 million shares, and DANGCEM contributed 34.2 million shares to the day’s whole.
• GTCO rounded out the highest 5 with 17.4 million shares traded.

Buying and selling worth   

Heavyweight shares dominated the buying and selling panorama by worth, drawing appreciable institutional curiosity.

• DANGCEM took the lead with transactions value N11.1 billion, reflecting robust investor confidence.
• UBA intently adopted with trades valued at N1.8 billion.
• GTCO and ZENITHBANK contributed N1 billion and N692.5 million, respectively, whereas ARADEL accomplished the highest 5 with N369.6 million in transactions.

SWOOT and FUGAZ Efficiency 

For SWOOTs, MTNN surged by a formidable 8.99%, adopted by OANDO at 3.62% and WAPCO at 1.47%.

Amongst FUGAZ shares (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK).

• UBA, FBNH, and ACCESSCORP noticed positive factors of two.86%, 2.76%, and 0.61%, respectively.
• Nevertheless, GTCO ended within the purple, shedding 1.36%.

Outlook   

• The Nigerian All-Share Index broke by means of the N102,000 mark, whilst market quantity declined, with eyes set on the psychological threshold above 104,000 established in March.
• Whereas the index may face some stalling because of dwindling quantity throughout the festive season, the person positive factors in large-cap shares are more likely to propel the index towards breaking the 103,000 and 104,000 obstacles.