Market Wrap: All-Share Index up 0.10% as GOLDBREW leads gainers, JOHNHOLT tops losers 

The Nigerian All-Share Index (ASI) concluded buying and selling on December 10 with a optimistic efficiency, gaining 99.45 factors to shut at 98,206.97, reflecting a slight improve of 0.1%.

Amid this modest improve, buying and selling exercise witnessed a surge, with 939 billion shares exchanged—a big 115.4% rise in comparison with the earlier session.

Market capitalization remained robust at N59.5 trillion, supported by 9,098 particular person transactions.

Main the gainers’ chart, GOLDBREW noticed a formidable rise of 9.93%, adopted by GUINEAINS, which posted a 9.80% improve. TANTALIZER secured third place with a 9.77% advance.

Conversely, JOHNHOLT emerged as the highest loser, shedding 9.96%, whereas HMCALL adopted carefully with a 9.91% decline.

When it comes to buying and selling quantity, WAPIC and STERLINGNG stood out as probably the most actively traded shares, considerably contributing to the day’s market turnover.

Market Abstract  

• Present ASI: 98,206.97 factors
• Earlier ASI: 98,107.52 factors
• Day Change: +0.1%
• 12 months-to-Date Efficiency: +31.34%
• Quantity Traded: 939 million shares
• Offers: 9,098

Prime 5 gainers  

• GOLDBREW: up 9.93% to N6.53
• GUINEANS: up 9.80% to N0.56
• TANTALIZER: up 9.77% to N1.46
• AFRIPRUD: up 9.70% to N13.00
• ABCTRANS: up 9.65% to N1.25

Prime 5 losers  

• JOHNHOLT: down 9.96% to N7.23
• HMCALL: down 9.91% to N5.27
• MORISON: down 9.89% to N4.01
• WAPCO: down 7.80% to N65.00
• UPDCREIT: down 5.83% to N4.85

Buying and selling Quantity 

On December 10, 2024, the Nigerian equities market recorded a pointy 115.4% improve in buying and selling quantity. A complete of 939 million shares had been traded, considerably increased than the 436 million shares exchanged within the earlier session.

• WAPIC led as probably the most actively traded inventory, with a formidable 457.6 million shares exchanged.
• STERLINGNG adopted with 138.4 million shares, whereas JAPAULGOLD recorded 30.3 million shares.
• Different notable contributors included UBA with 28.7 million shares and MTNN, rounding out the highest 5 with 28.6 million shares.

Buying and selling Worth 

• When it comes to buying and selling worth, MTNN dominated with a considerable N4.3 billion price of transactions.
• WAPCO ranked second, recording N1.2 billion, reflecting robust investor confidence.
• UBA and STERLINGNG contributed considerably, with buying and selling values of N962.5 million and N677.4 million, respectively.
• CAP accomplished the highest 5, producing N632.5 million in trades.

SWOOT and FUGAZ Shares 

• Among the many SWOOT shares (corporations with market capitalizations above N1 trillion), Oando gained 0.9%, and MTNN surged by 3.47%.
• Inside the FUGAZ group (FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK ):
• ZENITHBANK, UBA, and GTCO declined by 0.79%, 0.75%, and 0.38%, respectively.
• On a optimistic word, ACCESSCORP gained 0.21%.
• FBNH remained secure with no change in share value.

Outlook 

If the optimistic momentum continues, the All-Share Index might transfer nearer to the 99,000 mark, with market capitalization projected to surpass the N60 trillion threshold.

• Bullish sentiment throughout numerous sectors and sustained investor confidence are anticipated to help the Nigerian equities market’s upward trajectory within the close to time period.