The Nigerian All-Share Index (ASI) wrapped up buying and selling on December 5, 2024, on a barely adverse be aware, retreating by 60.88 factors to shut at 98,114.11.
Regardless of sustaining its place simply above the 98,000-threshold, the index recorded a modest decline of 0.06%, signaling a minor pullback at the same time as market exercise confirmed indicators of life.
In a notable flip, buying and selling quantity surged considerably, with a complete of 722 million shares altering fingers — a strong 38.52% enhance in comparison with the earlier session.
Market capitalization held regular at a powerful N59.4 trillion, buoyed by 8,495 particular person transactions all through the day.
Among the many day’s high performers, UPL led the cost with a ten.00% surge, intently adopted by CORNERST, which additionally gained 10.00%. STERLINGNG rounded off the highest three with a powerful 9.98% enhance.
On the flip aspect, REDSTAREX led the losers, shedding 10.00% of its worth, with FTNCOCOA following intently behind, dropping by 5.61%.
When it comes to buying and selling exercise, CHAMPION and FIDELITYBK emerged because the day’s most actively traded shares, capturing the market’s consideration with substantial volumes.
Market Abstract
- Present ASI: 98,114.11 factors
- Earlier ASI: 98,174.99 factors
- Yr-to-Date Efficiency: +31.21%
- Quantity Traded: 722.9 million shares
Prime 5 gainers
- CORNERST: up 10.00% to N3.30
- STERLINGNG: up 9.98% to N4.85
- SUNUASSUR: up 9.98% to N4.63
- GOLDBREW: up 9.84% to N4.91
Prime 5 losers
- REDSTAREX: down 10.00% to N4.41
- FTNCOCOA: down 5.61% to N1.85
- NPFMCRFBK: down 3.23% to N1.50
- NEIMETH: down 2.78% to N2.10
- PRESTIGE: down 2.50% to N0.78
Buying and selling quantity:
On December 5, 2024, the Nigerian equities market skilled a major uptick in buying and selling exercise, with quantity rising by 38.52%. A complete of 722 million shares exchanged fingers, up from 521 million shares within the earlier session.
- CHAMPION dominated the day’s buying and selling, with a commanding 300.9 million shares traded, making it probably the most actively traded inventory.
- FIDELITYBK adopted with 48.5 million shares, whereas GTCO was not far behind, with 40.1 million shares altering fingers.
- Different notable contributors included ACCESSCORP (35.6 million shares) and WAPCO, finishing the highest 5 with 29 million shares traded.
Buying and selling worth:
When it comes to worth, GTCO led the cost with a considerable N2.1 billion in transactions.
- WAPCO adopted intently, with N2.0 billion in commerce worth, signaling continued investor curiosity.
- MTNN and CHAMPION additionally attracted vital consideration, contributing N1.9 billion and N1.2 billion to the day’s complete worth, respectively.
- ACCESSCORP rounded out the highest 5 with N858.8 million in transactions, additional reflecting strong investor engagement in key shares.
SWOOT and FUGAZ shares
Among the many SWOOT shares — these with market capitalizations exceeding N1 trillion — solely ARADEL skilled a decline, shedding 1.48% throughout the session.
- In the meantime, the FUGAZ group, which incorporates FBNH, UBA, GTCO, ACCESSCORP, and ZENITH BANK, noticed optimistic value actions throughout the board.
- ACCESSCORP led the cost with a notable 1.84% enhance, adopted by GTCO with a modest 0.19% achieve, and UBA with a slight uptick of 0.15%.
However, FBNH noticed a small dip of 0.38%, whereas ZENITH BANK skilled a extra vital decline of 1.68%.
Outlook
- If the optimistic momentum amongst particular person shares continues within the coming periods, there’s potential for the index to climb towards the 99,000 mark and surpass the N60 trillion market capitalization threshold.
- With bullish sentiment steadily constructing throughout a number of sectors and sustained investor curiosity, the Nigerian equities market is anticipated to keep up its upward trajectory within the close to time period.
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