The Nigerian All-Share Index (ASI) ended its buying and selling on December 20, 2024, within the crimson, breaking a powerful streak of eight consecutive days of constructive efficiency.
ASI declined by 118.93 factors, closing at 101,129.09, which represented a modest lower of 0.12%, but it managed to carry above the essential 101,000 mark.
In distinction, market exercise skilled a big surge, with buying and selling quantity rising by 28%, leaping from 400 million shares the day before today to a powerful 513 million shares.
Market capitalization remained steadfast above the N61 trillion threshold, concluding the session at N61.3 trillion, bolstered by a big 11,554 transactions.
On the gainers’ entrance, HONYFLOUR and UACN led the cost, every reaching a outstanding 10.00% improve.
Nonetheless, the day was not with out its challenges, as MULTIVERSE emerged as essentially the most important laggard, experiencing a pointy decline of 9.80%, intently adopted by ARADEL with a drop of 9.09%.
Notably, UNIVINSURE and UBA stood out as essentially the most traded shares of the day, drawing appreciable investor curiosity and contributing considerably to the heightened market turnover.
Market abstract
- Present ASI: 101,129.09 factors
- Earlier ASI: 101,248.02 factors
- Day Change: -0.12%
- Yr-to-Date Efficiency: +35.25%
- Quantity Traded: 513 million shares
- Market cap: N61.3 trillion
High 5 gainers
- HONYFLOUR: up 10.00% to N6.05
- UACN: up 10.00% to N30.25
- UNIVINSURE: up 10.00% to N0.44
- LEARNAFRCA: up 9.92% to N3.88
- NAHCO: up 9.89% to N46.10
High 5 losers
- MULTIVERSE: down 9.80% to N4.60
- ARADEL: down 9.09% to N664.00
- INTENEGINS: down 8.13% to N1.47
- WAPIC: down 4.49% to N1.70
- NB: down 3.33% to N29.00
Buying and selling quantity
Amid the market’s total unfavorable trajectory, buying and selling quantity skilled a notable surge of 28%, totaling 513 million shares exchanged in comparison with the earlier session.
- ZENITHBANK emerged because the chief in buying and selling quantity, with a powerful 60.4 million shares altering palms.
- UBA adopted intently, sustaining robust momentum with 43.4 million shares traded.
- STERLINGNG secured the third spot with 43.3 million shares.
- UNIVINSURE contributed a strong 28.3 million shares to the day’s complete.
- GTCO rounded out the highest 5 with 23.5 million shares traded.
Buying and selling worth
- ZENITHBANK led with transactions price N2.7 billion, signaling robust investor confidence.
- SEPLAT adopted intently with trades valued at N2.1 billion.
- ARADEL and UBA recorded buying and selling values of N1.9 billion and N1.4 billion, respectively.
- GTCO accomplished the highest 5 with N1.3 billion in transactions.
SWOOT and FUGAZ Efficiency
- ARADEL declined by 9.09%, adopted by WAPCO at 2.84%.
FUGAZ Shares (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK):
- ZENITHBANK, GTCO, and UBA gained 2.34%, 5.56%, and 0.75%, respectively.
- FBNH and ACCESSCORP stalled with no motion.
Outlook
Regardless of a slight decline, the Nigerian All-Share Index continues to reveal a strong upward trajectory, closing above the 101,000-point threshold.
The robust efficiency of mid- and large-cap shares is prone to additional improve market capitalization as bullish market circumstances persist.
Be First to Comment