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Market Wrap: All-Share Index shatters the 104,000-barrier as MTN, TRANSCORP, others surge 

The Nigerian All-Share Index concluded the buying and selling day on January 8, 2025, with a notable rise, climbing by 831.91 factors to settle at 104,230.73.

This sturdy efficiency surpassed the 104,000 mark, rising 0.80% from the day before today’s 103,398.32, with buyers now eyeing an in depth above 104,500 factors, final achieved within the first quarter of 2024.

Nonetheless, regardless of the optimistic worth motion, buying and selling quantity skilled a major decline, dipping by 42.5%.

The amount fell from 1.1 billion shares exchanged the day earlier than to 639 million shares on this event.

Buoyed by the ascent in worth, market capitalization rose to N63.5 trillion over 13,551 transactions, a notable enhance from the N63 million recorded within the prior buying and selling day.

Among the many day’s standout performers, MTNN and TRANSCORP each achieved spectacular positive aspects of 10.00%, reflecting heightened investor curiosity.

Conversely, SUNUASSUR led the decliners with a steep drop of 9.99%, whereas UNIVINSURE adopted carefully behind with a decline of 8.97%.

The buying and selling session was marked by diminished market participation, with FBNH and TANTALIZER rising as probably the most actively traded shares, considerably contributing to the day’s turnover.

Market abstract   

  • Present ASI: 104,230.73 factors
  • Earlier ASI: 103,398.82 factors
  • Day Change: +0.80%
  • 12 months-to-Date Efficiency: +1.27%
  • Quantity Traded: 639.4 million shares
  • Market Cap: N63.5 trillion

High 5 gainers   

  • MTNN: up 10.00% to N220.00
  • TRANSCORP: up 10.00% to N49.50
  • HONYFLOUR: up 9.95% to N8.29
  • AIICO: up 9.94% to N1.88
  • LIVINGTRUST: up 9.82% to N4.81

High 5 losers  

  • SUNUASSUR: down 9.99% to N9.01
  • UNIVINSURE: down 8.97% to N0.71
  • NSLTECH: down 8.11% to N0.68
  • CONHALLPLC: down 5.82% to N3.40
  • CILEASING: down 5.65% to N4.01

Buying and selling quantity 

Market buying and selling quantity witnessed a pointy decline of 42.5%, culminating within the trade of 639 million shares. Regardless of the decrease total exercise, key gamers emerged:

  • FBNH led the session with a formidable 125.7 million shares traded.
  • TANTALIZER adopted carefully, recording 82.3 million shares.
  • UNIVINSURE secured the third spot with 56.6 million shares, whereas AIICO noticed 54.3 million shares change fingers.
  • CHAMS rounded out the highest 5 with 33.1 million shares traded, marking a comparatively energetic buying and selling day.

Buying and selling worth 

By way of buying and selling worth, GEREGU dominated the market with transactions totaling N11.3 billion, signaling strong investor confidence.

  • FBNH adopted with N3.6 billion in trades.
  • TOTAL and BUAFOODS contributed N1.7 billion and N1.1 billion, respectively.
  • ARADEL added N749.2 million to the day’s whole, reflecting strong engagement throughout key counters.

SWOOT and FUGAZ efficiency 
Within the SWOOT class, efficiency was combined:

  • OANDO skilled a 1.18% decline, whereas MTNN surged, gaining 10%.

The FUGAZ shares—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—additionally had diverse outcomes:

  • ACCESSCORP, ZENITHBANK, and UBA slipped by 1.01%, 1.00%, and 0.15%, respectively.
  • FBNH emerged as the only gainer, climbing 6.61%.
  • GTCO remained unchanged, recording no motion for the session

Market outlook 

  • The All-Share Index has efficiently surpassed the 104,000-point mark, doubtless pushed by sturdy bullish sentiment regardless of diminished market quantity.
  • Buoyed by optimistic momentum in mid- and large-cap shares, the index might problem the 104,500-point barrier, final reached in March 2024.

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