The Nigerian All-Share Index (ASI) wrapped up buying and selling on a optimistic observe on December 4, 2024, climbing by 472.43 factors to succeed in a strong 98,174.99—surpassing the essential 98,000 mark.
This uptick represents a modest acquire of 0.48%, underscoring optimistic market sentiment for the day.
Buying and selling exercise noticed a notable improve, with a complete quantity of 521 million shares altering arms, reflecting a 30.64% rise from the earlier session’s quantity.
Market capitalization stood at a formidable N59.5 trillion, whereas the day recorded 9,420 particular person trades.
Among the many standout performers, GOLDBREW emerged because the day’s prime gainer, hovering by a formidable 9.83%. It was carefully adopted by THOMASWY, which additionally surged by 9.83%, and FTNCOCOA, which rounded out the highest three with a strong 9.50% improve.
On the flip facet, SUNUASSUR led the decliners, shedding 9.85% of its worth, with LEARNAFRICA trailing carefully behind, additionally dropping by 9.85%.
Notably, TANTALIZER and WAPCO dominated buying and selling exercise, rising as probably the most actively traded shares of the day.
Market Abstract
- Present ASI: 98,174.99 factors
- Earlier ASI: 97,702.56 factors
- 12 months-to-Date Efficiency: +31.3%
- Quantity Traded: 521.9 million shares
Prime 5 gainers
- GOLDBREW: up 9.83% to N4.47
- THOMASWY: up 9.83% to N1.90
- FTNCOCOA: up 9.50% to N1.96
- DEAPCAP: up 9.43% to N1.16
Prime 5 losers
- SUNUASSUR: down 9.85% to N4.21
- LEARNAFRCA: down 9.85% to N2.93
- HMCALL: down 9.15% to N5.86
- STERLINGNG: down 7.16% to N4.41
Buying and selling quantity
The Nigerian equities market noticed a major enhance in buying and selling exercise on December 4, 2024, with buying and selling quantity rising by 30.64%. A complete of 521.9 million shares modified arms, up from 399.4 million shares within the earlier session.
- TANTALIZER dominated the day’s buying and selling, with a commanding 88.3 million shares exchanged, securing its place as probably the most actively traded inventory.
- Shut behind, WAPCO recorded 57.2 million shares traded, whereas ACCESSCORP adopted with 41 million shares.
- Different notable contributors included CUTIX with 37.1 million shares and UBA, which accomplished the highest 5 with 34 million shares traded.
Buying and selling worth
By way of buying and selling worth, SEPLAT as soon as once more led the pack, driving transactions price a formidable N8 billion.
- WAPCO adopted with N4.2 billion in commerce worth, signaling sustained investor curiosity within the inventory.
- GTCO and UBA additionally garnered vital consideration, contributing N1.3 billion and N1.1 billion to the day’s complete worth, respectively.
- ACCESSCORP rounded out the highest 5, producing N986.5 million in transactions, additional reflecting robust investor engagement in key shares.
SWOOT and FUGAZ Shares
Among the many SWOOT shares—these with market capitalizations above N1 trillion—LAFARGE, SEPLAT, and ARADEL emerged as gainers, rising by 7.56%, 7.55%, and 0.02%, respectively.
- In the meantime, the FUGAZ group, which incorporates FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, noticed optimistic value actions throughout the board.
- ACCESSCORP led the group with a 2.08% improve, adopted by GTCO and UBA with 0.29% and 0.15%, respectively.
On the flip facet, FBNH declined by 1.70%, adopted by ZENITHBANK at 0.56%.
Outlook
- Optimistic value motion amongst extra SWOOT shares within the upcoming classes may push the index upwards in direction of the 99,000 mark and above the N60 trillion market capitalization threshold.
- As bullish sentiment continues to construct throughout varied sectors and sustained investor curiosity persists; the Nigerian equities market is more likely to keep its upward trajectory within the classes forward.
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