The Nigerian All-Share Index (ASI) closed on December 27 within the pink, retreating by 52.73 factors to complete at 102,133.30, representing a modest decline of 0.05% from its Christmas Eve closing of 102,186.03.
Regardless of this dip, market exercise surged, with buying and selling quantity rising by 11.62% to succeed in 443 million shares, up from 397 million.
The market capitalization held tight to N61 trillion, closing at N61.9 trillion, supported by 12,551 transactions.
UPL distinguished itself because the main gainer, reaching a rise of 10.00%. Following carefully have been WAPIC and UNIVINSURE, every additionally rising by 10.00%.
In distinction, HONYFLOUR skilled the steepest decline, with a drop of 9.09%, whereas RTBRISCOE was not far behind, declining by 5.66%.
Noteworthy in buying and selling exercise, UBA, and ACCESSCORP emerged as probably the most actively traded shares, drawing vital investor curiosity and contributing considerably to the day’s turnover.
Market Abstract
- Present ASI: 102,133.3 factors
- Earlier ASI: 102,186.03 factors
- Day Change: -0.05%
- Yr-to-Date Efficiency: +36.59%
- Quantity Traded: 443 million shares
- Market Cap: N61.9 trillion
Prime 5 gainers
- UPL: up 10.00% to N3.85
- WAPIC: up 10.00% to N1.87
- UNIVINSURE: up 10.00% to N0.55
- IKEJAHOTEL: up 9.95% to N12.15
- MAYBAKER: up 9.94% to N9.40
Prime 5 losers
- HONYFLOUR: down 9.09% to N6.30
- RTBRISCOE: down 5.66% to N2.50
- NEIMETH: down 5.47% to N1.90
- ETERNA: down 5.00% to N28.50
- TANTALIZER: down 4.44% to N1.72
Buying and selling quantity
Regardless of an general bearish market session, buying and selling quantity skilled a rise of 11.62%, with 443 million shares exchanged in comparison with the earlier session.
- UBA took the lead, buying and selling a formidable 41.7 million shares, whereas ACCESSCORP carefully adopted with 35.4 million shares.
- ZENITHBANK secured the third place with 32.2 million shares, and GTCO contributed 22.8 million shares to the day’s complete.
- JAIZBANK accomplished the highest 5 with 19.2 million shares traded.
Buying and selling worth
Heavyweight shares dominated the buying and selling panorama by way of worth, attracting vital institutional curiosity.
- SEPLAT led the cost with transactions valued at N3 billion, indicative of sturdy investor confidence.
- BUAFOODS adopted carefully with trades amounting to N2.4 billion.
- ZENITHBANK and UBA contributed N1.5 billion and N1.4 billion, respectively, whereas ARADEL rounded out the highest 5 with N1.4 billion in transactions.
SWOOT and FUGAZ efficiency
Amongst SWOOT shares, OANDO exhibited constructive value motion, climbing by 2.36%.
For the FUGAZ class (comprising FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK).
- Declines have been famous with UBA, ACCESSCORP, GTCO, and ZENITHBANK experiencing decreases of 4.03%, 2.83%, 1.64%, and 0.11%, respectively.
- In distinction, FBNH managed to shut within the inexperienced, gaining 0.72%.
Outlook
The Nigerian All-Share Index maintained its place above the N102,000 mark, at the same time as market quantity skilled a decline. Consideration is now targeted on the psychological threshold of 104,000, established in March.
Whereas the index might encounter some resistance on account of diminished buying and selling volumes through the festive season, the person good points in large-cap shares are anticipated to drive the index towards overcoming the numerous limitations of 103,000 and 104,000.
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