Market Wrap: Nigerian inventory market ends in inexperienced as 5 ‘prime gainers’ surge over 10% without delay, AUSTINLAZ leads decliners 

The Nigerian inventory market tracked by the All-Share Index (ASI) ended within the inexperienced on December 23, 2024, with a modest acquire of 227.06 factors, closing at 101,356.15, an increase of 0.22% because it approaches the 101,500-mark.

Nevertheless, market quantity dipped from 513 million shares to 503 million shares, reflecting a 2% lower from the final session.

Market capitalization remained regular above the N61 trillion threshold, ending the day at N61.4 trillion, supported by 12,490 transactions.

Main the gainers have been OKOMUOIL, CHAMPION, MANSARD, MRS, and LIVINGTRUST, all rising by 10.00%.

On the draw back, AUSTINLAZ was the biggest decliner, dropping 9.84%, intently adopted by ARADEL, which fell 9.64%, reflecting a combined sentiment available in the market.

In buying and selling exercise, GTCO and JAPAULGOLD have been probably the most actively traded shares, attracting important investor curiosity and contributing to market turnover.

Market abstract 

• Present ASI: 101,356.15 factors
• Earlier ASI: 101,129.09 factors
• Day Change: +0.22%
• 12 months-to-Date Efficiency: +35.55%
• Quantity Traded: 503.1 million shares
• Market Cap: N61.4 trillion

High 5 Gainers 

• OKOMUOIL: up 10.00% to N403.70
• CHAMPION: up 10.00% to N4.18
• MANSARD: up 10.00% to N8.25
• MRS: up 10.00% to N198.00
• LIVINGTRUST: up 10.00% to N3.63

High 5 Losers 

• AUSTINLAZ: down 9.84% to N1.65
• ARADEL: down 9.64% to N600.00
• OANDO: down 8.63% to N63.50
• VERITASKAP: down 4.44% to N1.29
• OMATEK: down 4.41% to N0.65

Buying and selling quantity   

Regardless of the market’s general optimistic trajectory, buying and selling quantity skilled a notable decline of two%, with 503 million shares exchanged in comparison with the prior session.

• GTCO emerged as the quantity chief, buying and selling 39.3 million shares.
• JAPAULGOLD maintained sturdy momentum, following intently with 35.7 million shares.
• ZENITHBANK secured the third spot with 34.6 million shares exchanged.
• UBA contributed 26.3 million shares to the day’s whole.
• UNIVINSURE rounded out the highest 5 with 25.5 million shares traded.

Buying and selling worth   

Heavyweight shares dominated buying and selling by worth, attracting important institutional curiosity:

• ARADEL led with transactions value N3.7 billion, reflecting strong investor confidence.
• GTCO adopted intently with trades valued at N2.25 billion.
• ZENITHBANK and TOTAL posted buying and selling values of N1.5 billion and N1 billion, respectively.
• UBA accomplished the highest 5 with N912 million in transactions.

SWOOT and FUGAZ efficiency   

• ARADEL, OANDO, and WAPCO declined by 9.64%, 8.63%, and 0.73%, respectively.
• In distinction, MTNN recorded a acquire of 1.42%.

FUGAZ shares (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK):

• All FUGAZ shares closed within the inexperienced, with UBA main at 3.70%, adopted by GTCO at 3.07% and ACCESSCORP at 2.29%.
• FBNH and ZENITHBANK additionally posted positive factors of 1.31% and 0.33%, respectively.

Outlook   

The Nigerian All-Share Index stays on a strong upward trajectory, closing above 101,300 factors because it approaches the 102,000-point barrier.

Continued positive factors in mid- and large-cap shares could drive additional will increase in market capitalization, sustaining the bullish momentum.