The Nigerian All-Share Index (ASI) closed on a detrimental observe on December 9, 2024, declining by 103.23 factors to settle at 98,107.52, reflecting a modest 0.11% lower.
Amid the decline, buying and selling exercise skilled a big fall, with 436 billion shares exchanged—a pointy 137% drop from the earlier buying and selling session.
In the meantime, market capitalization remained sturdy at N59.4 trillion, buoyed by 9,489 particular person transactions.
On the gainers’ chart, GOLDBREW led the best way with a ten.00% surge, matched by NGXGROUP, which additionally posted a ten.00% enhance. TANTALIZER secured third place, advancing by 9.92%.
Conversely, NSLTECH topped the losers’ record, shedding 10.00%, adopted by GUINEAINS, which declined by 8.93%.
When it comes to buying and selling exercise, FCMB and ACCESSCORP stood out as probably the most actively traded shares, commanding vital volumes and dominating the market turnover.
Market Abstract
- Present ASI: 98,107.52 factors
- Earlier ASI: 98,210.75 factors
- Day Change: +0.11%
- 12 months-to-Date Efficiency: +31.20%
- Quantity Traded: 436 million shares
- Offers: 9,489
Prime 5 gainers
- GOLDBREW: up 10.00% to N5.94
- NGXGROUP: up 10.00% to N27.50
- TANTALIZER: up 9.92% to N1.33
- AFRIPRUD: up 9.72% to N11.85
- WAPIC: up 9.35% to N1.17
Prime 5 losers
- NSLTECH: down 10.00% to N0.63
- GUINEANS: down 8.93% to N0.51
- DEAPCAP: down 8.40% to N1.09
- DAARCOMM: down 7.02% to N0.53
- RTBRISCOE: down 6.12% to N2.30
Buying and selling quantity
On December 9, 2024, the Nigerian equities market recorded a pointy 137% decline in buying and selling quantity. A complete of 436 million shares had been traded, considerably decrease than the 1 billion shares exchanged within the earlier session.
- FCMB led as probably the most actively traded inventory, with a powerful 61.6 million shares exchanged.
- ACCESSCORP adopted with 51 million shares, whereas UBA recorded 27.1 million shares.
- Different notable contributors included GTCO with 24.4 million shares and FIDELITYBK, rounding out the highest 5 with 24 million shares.
Buying and selling worth
- When it comes to buying and selling worth, ARADEL dominated with a considerable N3.5 billion price of transactions.
- GTCO ranked second, recording N1.3 billion, reflecting sturdy investor confidence.
- ACCESSCORP and WAPCO contributed considerably, with buying and selling values of N1.2 billion and N1 billion, respectively.
- UBA accomplished the highest 5, producing N914.5 million in trades.
SWOOT and FUGAZ shares
- Among the many SWOOT shares (corporations with market capitalizations above N1 trillion), Oando shed 3.02% in share value.
- Inside the FUGAZ group (FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK):
- ACCESSCORP and UBA declined by 2.82% and 1.18%, respectively.
- On a optimistic observe, ZENITHBANK gained 0.91%, and FBNH edged up by 0.19%.
- GTCO remained steady with no change in share value.
Outlook
Regardless of the decline in buying and selling quantity, the market outlook stays optimistic. The All-Share Index may transfer nearer to the 99,000 mark, with market capitalization projected to surpass the N60 trillion threshold.
- Bullish sentiment throughout varied sectors and sustained investor confidence are anticipated to assist the Nigerian equities market’s upward trajectory within the close to time period.
Be First to Comment