The Nigerian inventory market, tracked by the All-Share Index, skilled a downturn on January 7, 2025, closing decrease by 249.42 factors at 103,398.82.
This decline represents a modest lower of 0.24% from yesterday’s closing determine of 103,648.24, regardless of a noteworthy improve in buying and selling exercise.
Buying and selling quantity soared by 30%, rising from 855 million shares to a powerful 1.1 billion shares—the very best every day buying and selling quantity recorded to date in early January 2025.
Market capitalization skilled a slight contraction, falling to N63 trillion from N63.1 trillion, throughout 16,617 transactions.
Among the many day’s performers, ABBEYBDS and PZ each gained 10.00%, reflecting some investor curiosity.
On the draw back, RTBRISCOE led the decline, dropping by 10.00%, with VERITASKAP following carefully behind with the identical proportion loss.
The buying and selling session was characterised by vigorous market participation, with FBNH and AIICO rising as essentially the most actively traded shares, taking part in a major position within the day’s turnover.
Market Abstract
- Present ASI: 103,398.82 factors
- Earlier ASI: 103,648.24 factors
- Day Change: +0.24%
- Yr-to-Date Efficiency: +0.46%
- Quantity Traded: 1.1 billion shares
- Market Cap: N63 trillion
Prime 5 gainers
- ABBEYBDS: up 10.00% to N3.63
- PZ: up 10.00% to N27.50
- LEARNAFRCA: up 9.90% to N5.44
- NCR: up 9.77% to N7.30
- NGXGROUP: up 9.72% to N29.90
Prime 5 losers
- RTBRISCOE: down 10.00% to N2.70
- VERITASKAP: down 10.00% to N1.53
- FTNCOCOA: down 10.00% to N1.80
- SUNUASSUR: down 9.98% to N10.01
- CORNERST: down 9.98% to N4.15
Buying and selling quantity
Buying and selling quantity out there surged by 30%, culminating within the alternate of 1.1 billion shares.
- Main the exercise was FBNH, with 161.4 million shares traded, adopted carefully by AIICO at 120.7 million shares.
- TANTALIZER secured the third place with 104.7 million shares, whereas UNIVINSURE had 93.8 million shares change arms.
- REGALINS accomplished the highest 5 with 47.3 million shares traded, highlighting a energetic buying and selling session.
Buying and selling worth
FBNH additionally emerged because the frontrunner by way of buying and selling worth, with transactions totaling N4.7 billion, reflecting sturdy investor curiosity.
- ACCESSCORP adopted with N1.2 billion in trades, whereas each GTCO and OANDO contributed roughly N1.1 billion and N984.2 million, respectively.
- PRESCO added N687.7 million to the general buying and selling exercise, showcasing a good degree of engagement.
SWOOT and FUGAZ efficiency
Among the many SWOOT shares, WAPCO skilled a decline of 9.73%, with OANDO trailing at a lower of 0.94%.
Within the FUGAZ group—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—efficiency was combined:
- ZENITHBANK recorded a acquire of three.64%, adopted carefully by FBNH at 2.08%, and GTCO at 1.42%.
- Conversely, UBA and ACCESSCORP confronted declines of two.44% and 1.00%, respectively.
Outlook
Though the market closed within the pink, the All-Share Index is supported by optimistic sentiment and powerful elementary situations, positioning it to possible attain the numerous milestone of 104,000 factors, a degree final seen in March 2024.
A sturdy earnings report for This autumn 2024, prone to be launched in January and early February, may additional drive the index towards this goal.
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