The Nigerian All-Share Index (ASI) concluded buying and selling on December 11, 2024, with a optimistic efficiency, gaining 302.71 factors to shut at 98,509.68, reflecting a rise of 0.31%.
Regardless of the upward motion within the index, buying and selling exercise declined considerably, with 320 billion shares exchanged—a pointy 55.93% fall in comparison with the earlier session.
Market capitalization climbed to N59.7 trillion, supported by 7,943 particular person transactions.
Main the gainers’ chart, AFRIPRUD recorded a formidable rise of 10.00%, adopted by RTBRISCOE, which posted a ten.00% improve. CONOIL secured third place with a ten.00% advance.
Conversely, JOHNHOLT emerged as the highest loser, shedding 10.00%, whereas NSLTECH adopted intently with a 9.52% decline.
By way of buying and selling quantity, ETRANZACT and UNIVINSURE stood out as probably the most actively traded shares, considerably contributing to the day’s market turnover.
Market Abstract
- Present ASI: 98,509.68 factors
- Earlier ASI: 98,206.97 factors
- Day Change: +0.31%
- 12 months-to-Date Efficiency: +31.74%
- Quantity Traded: 320 million shares
- Offers: 7,943
High 5 gainers
- AFRIPRUD: up 10.00% to N14.30
- RTBRISCOE: up 10.00% to N2.42
- CONOIL: up 10.00% to N352.00
- GOLDBREW: up 9.95% to N7.18
- NEM: up 9.74% to N10.70
High 5 losers
- JBERGER: down 10.00% to N155.25
- NSLTECH: down 9.52% to N0.57
- MULTIVERSE: down 7.63% to N5.45
- HMCALL: down 6.07% to N4.95
- HONYFLOUR: down 5.62% to N4.70
Buying and selling quantity
On December 11, 2024, the Nigerian equities market recorded a pointy 55.93% lower in buying and selling quantity, with a complete of 320 million shares exchanged, considerably decrease than the earlier session’s exercise.
- ETRANZACT led as probably the most actively traded inventory, with a formidable 70.2 million shares exchanged.
- UNIVINSURE adopted with 23.7 million shares, whereas ZENITHBANK recorded 21.2 million shares.
- Different notable contributors included FBNH with 18.6 million shares and UBA, rounding out the highest 5 with 13.9 million shares.
Buying and selling worth
- By way of buying and selling worth, ARADEL dominated with a considerable N1.2 billion price of transactions.
- ZENITHBANK ranked second, recording N933.5 million, reflecting robust investor confidence.
- FBNH and ETRANZACT contributed considerably, with buying and selling values of N491.2 million and N474.2 million, respectively.
- UBA accomplished the highest 5, producing N465.8 million in trades.
SWOOT and FUGAZ shares
- SWOOT Shares (corporations with market capitalizations above N1 trillion):
- Aradel gained 7.53%, whereas Oando recorded a marginal improve of 0.24%.
- FUGAZ Group (FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK):
- ZENITHBANK, FBNH, and UBA posted good points of 0.25%, 0.19%, and 0.15%, respectively.
- ACCESSCORP shed 0.41%, whereas GTCO remained secure with no value change.
Outlook
The optimistic actions in large-cap shares within the coming periods would possibly push the All-Share Index throughout the 99,000 zone and sufficient to hit the N60 trillion mark.
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.
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