The Nigerian equities market continued its optimistic momentum on January 3, 2025, with the All-Share Index (ASI) advancing by 406.19 factors to shut at 103,586.33.
This marked a 0.39% improve from the day prior to this’s shut of 103,180.14, because the market maintained its sturdy begin to the 12 months.
Regardless of the good points, buying and selling quantity took a dip, declining by 14% from 829 million shares traded on January 2 to 709 million shares.
On the brighter facet, the market capitalization climbed previous the N63 trillion mark, closing at a powerful N63.1 trillion, solidifying investor confidence.
High gainers for the day included CHAMS, which soared by 10.00%, alongside OMATEK with an similar 10.00% improve.
Nonetheless, not all shares loved the bullish sentiment. TOTAL led the decliners, dropping 9.74%, adopted by CWG, which fell 6.04%.
Exercise on the buying and selling flooring was dominated by CHAMS and VERITASKAP, which emerged as essentially the most actively traded shares, contributing considerably to the day’s turnover.
Market Abstract
- Present ASI: 103,586.33 factors
- Earlier ASI: 103,180.14 factors
- Day Change: +0.39%
- Yr-to-Date Efficiency: +0.64%
- Quantity Traded: 709.2 million shares
- Market Cap: N63.1 trillion
High 5 Gainers
- CHAMS: up 10.00% to N2.31
- OMATEK: up 10.00% to N0.88
- LEARNAFRCA: up 10.00% to N4.95
- REGALINS: up 10.00% to N0.88
- NCR: up 10.00% to N6.05
High 5 Losers
- TOTAL: down 9.74% to N630.00
- CWG: down 6.04% to N7.00
- THOMASWY: down 5.26% to N1.80
- ABCTRANS: down 4.07% to N1.18
- UACN: down 3.19% to N31.90
Buying and selling quantity
Regardless of the market’s general optimistic trajectory, buying and selling quantity noticed a 14% decline, with 709 million shares exchanged in comparison with the earlier session.
- Main the exercise was CHAMS, which traded a powerful 58 million shares, adopted carefully by VERITASKAP with 55.1 million shares.
- ABBEYBDS ranked third, buying and selling 50.1 million shares, whereas AIICO contributed 39.6 million shares.
- NPFMCRFBK rounded out the highest 5, recording 34.2 million shares traded.
Buying and selling worth
Heavyweight shares dominated by buying and selling worth, drawing substantial institutional curiosity.
- FBNH led the pack with transactions value N492 million, underscoring sturdy investor confidence.
- ACCESSCORP adopted with trades valued at N475.6 million, whereas OANDO and TOTAL contributed N472.5 million and N448.6 million, respectively.
- ZENITHBANK accomplished the highest 5 with N393.4 million in transactions.
SWOOT and FUGAZ Efficiency
Among the many SWOOTs, WAPCO was the only real gainer, recording a 2.51% improve.
Throughout the FUGAZ group (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK):
- UBA, ACCESSCORP, and ZENITHBANK posted good points of two.05%, 1.66%, and 1.42%, respectively.
- Whereas GTCO recorded no worth motion.
- FBNH declined by 0.89%.
Outlook
The Nigerian All-Share Index broke by way of the 103,000-mark, sustaining a robust begin to the 12 months.
With the psychological threshold of 104,000, final reached in March 2024, now nearby, the market’s trajectory is prone to hinge on January’s funding exercise.
Anticipated optimistic This autumn 2024 company outcomes may present the momentum wanted to propel the index additional.
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