The Nigerian All-Share Index (ASI) ended the buying and selling day on November 29, 2024, within the damaging territory, slipping by 276.94 factors to shut at 97,506.87, marking a modest decline of 0.28%.
Buying and selling quantity additionally noticed a decline, with the variety of shares traded dropping from 632 million the day gone by to 515 million, a lower of 18.5%.
Market capitalization remained regular at N59.1 trillion, whereas 7,554 trades have been executed, signaling a steady tempo of transactions regardless of the dip in buying and selling quantity.
Among the many day’s notable performers, HMCALL stood out as the highest gainer, surging by a formidable 9.54%. Shut behind, ROYALEX gained 8.77%, whereas SOVRENINS accomplished the highest three with a strong 7.35% enhance.
On the draw back, REGALINS emerged because the day’s largest loser, shedding 9.80% of its worth. LASACO trailed intently, dropping 9.75%.
Notably, FBNH and HMCALL have been probably the most actively traded shares of the day, signaling sustained investor curiosity.
Market Abstract
- Present ASI: 97,506.87 factors
- Earlier ASI: 97,783.81 factors
- 12 months-to-Date Efficiency: +30.77%
- Quantity Traded: 515 million shares
Prime 5 gainers
- HMCALL: up 9.54% to N6.20
- ROYALEX: up 8.77% to N0.62
- SOVRENINS: up 7.35% to N0.73
- TANTALIZER: up 5.50% to N1.15
- NPFMCRFBK: up 4.67% to N1.57
Prime 5 losers
- REGALINS: down 9.80% to N0.46
- LASACO: down 9.75% to N2.13
- ACADEMY: down 9.71% to N2.79
- AUSTINLAZ: down 9.68% to N1.96
- CORNERST: down 6.91% to N2.56
Buying and selling quantity
The Nigerian equities market noticed a major decline in buying and selling exercise on November 29, 2024, as buying and selling quantity dropped by 18.5%. A complete of 515 million shares modified arms, down from 632 million within the earlier session.
- FBNH dominated the day’s buying and selling, with a considerable 126 million shares exchanged, securing its place as probably the most actively traded inventory.
- Shut behind, HMCALL noticed 91.2 million shares traded, whereas JAPAULGOLD adopted with 61.3 million shares.
- Different notable contributors included TANTALIZER, which traded 35.7 million shares, and STERLINGNG, which rounded out the highest 5 with 23.8 million shares.
Buying and selling worth
- When it comes to buying and selling worth, SEPLAT as soon as once more led the best way, with transactions value a outstanding N7.7 billion.
- FBNH adopted with N3.2 billion in commerce worth, reflecting sustained investor curiosity. BUACEMENT and HMCALL additionally drew vital consideration, contributing N532.4 million and N521.7 million, respectively, to the day’s complete worth.
- UBA accomplished the highest 5 with N347 million in transactions, additional demonstrating robust investor engagement in key shares.
SWOOT and FUGAZ Shares
Among the many SWOOT shares—these with market capitalizations exceeding N1 trillion—SEPLAT and OANDO emerged as robust performers, rising by 6.02% and 0.61%, respectively.
- In the meantime, the FUGAZ group, comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, noticed optimistic worth actions throughout the board.
- FBNH led the group with a 2.94% enhance, adopted by UBA with a 0.62% rise.
- ZENITHBANK added 1.14%, and ACCESSCORP gained 0.43%, whereas GTCO noticed a slight decline of 0.09%.
Outlook
Regardless of the market’s slight dip, there stays optimism for a possible rebound within the Nigerian equities market.
Sturdy Q3 earnings throughout a number of sectors, coupled with sustained investor curiosity, are anticipated to drive upward momentum within the classes forward, holding market sentiment cautiously optimistic.
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