The Nigerian All-Share Index (ASI) closed on a constructive observe on December 6, 2024, advancing by 96.64 factors to settle at 98,210.75.
This represents a modest 0.10% achieve, amid will increase in each buying and selling quantity and market capitalization.
Buying and selling exercise noticed a major uptick, with 1 billion shares altering arms—a 43.98% rise in comparison with the earlier buying and selling day.
Market capitalization remained strong, holding regular at N59.5 trillion, supported by 7,220 particular person transactions.
Among the many high gainers, GOLDBREW led the pack with a 9.98% rise, adopted intently by JAPAULGOLD, which surged by 9.30%. SUNUASSUR rounded out the highest three with a strong 9.07% enhance.
On the draw back, ETERNA was the largest loser, shedding 4.62% of its worth, whereas STERLINGNG adopted intently behind with a 4.12% decline.
By way of buying and selling exercise, WEMABANK and FIDELITYBK have been the day’s most actively traded shares, attracting substantial volumes and dominating the market.
Market Abstract
- Present ASI: 98,210.75 factors
- Earlier ASI: 98,114.11 factors
- Day Change: +0.1%
- Yr-to-Date Efficiency: +31.34%
- Quantity Traded: 1 billion shares
- Offers: 7,220
High 5 gainers
- GOLDBREW: up 9.98% to N5.40
- JAPAULGOLD: up 9.30% to N2.35
- SUNUASSUR: up 9.07% to N5.05
- SOVRENINS: up 7.69% to N0.84
- NSLTECH: up 7.69% to N0.70
High 5 losers
- ETERNA: down 4.62% to N22.70
- STERLINGNG: down 4.12% to N4.65
- PRESTIGE: down 3.85% to N0.75
- CONHALLPLC: down 3.85% to N2.50
- CHAMPION: down 3.50% to N3.86
Buying and selling Quantity:
On December 6, 2024, the Nigerian equities market noticed a notable enhance in buying and selling quantity, rising by 43.98%. A complete of 1 billion shares modified arms, a major leap from the 722 million shares traded within the earlier session.
- WEMABANK emerged because the day’s most actively traded inventory, with a dominant 472.4 million shares exchanged.
- FIDELITYBK adopted intently, with 251.5 million shares traded, whereas FCMB recorded 40.1 million shares.
- Different key contributors included UBA, which traded 42.2 million shares, and JAPAULGOLD, rounding out the highest 5 with 20.6 million shares.
Buying and selling Worth:
- By way of buying and selling worth, WEMABANK led the way in which with a considerable N4.1 billion in transactions.
- FIDELITYBK intently adopted, with N4.0 billion, indicating sturdy investor confidence in each shares.
- MTNN and CHAMPION additionally garnered consideration, contributing N2.8 billion and N1.4 billion to the whole market worth, respectively.
- TRANSPOWER rounded out the highest 5 with N975.3 million in trades.
SWOOT and FUGAZ Shares:
Among the many SWOOT shares—these with market capitalizations exceeding N1 trillion—none skilled any value motion through the session.
- Nevertheless, throughout the FUGAZ group, which incorporates FBNH, UBA, GTCO, ACCESSCORP, and ZENITH BANK, solely ZENITH BANK noticed a decline, shedding 0.11%.
- On the constructive facet, ACCESSCORP posted a 3.12% achieve, adopted by FBNH at 1.35%, UBA at 1.34%, and GTCO at 0.85%.
Outlook:
- If the constructive momentum seen in particular person shares persists, the index might probably strategy the 99,000 mark and surpass the N60 trillion market capitalization threshold within the close to time period.
- With sturdy bullish sentiment and continued investor curiosity throughout a number of sectors, the Nigerian equities market is poised to keep up its upward trajectory within the coming classes.
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