The Nigerian All-Share Index closed greater on Monday, June 23, rising by 441.43 factors to settle at 118,579.65.
This marks a 0.37% acquire from Friday’s shut of 118,138.22, supported by a notable uptick in buying and selling exercise.
Day by day market quantity rose to 653.6 million models, up from 522.7 million recorded within the session earlier than.
Market capitalization additionally elevated in tandem with rising costs and quantity, closing at N74.8 trillion throughout 22,206 offers, in comparison with N74.5 trillion beforehand.
On the leaderboard of gainers, NEIMETH, FTNCOCOA, PRESCO, CHAMPION, and BETAGLAS all appreciated by 10.00%, sealing the highest spots.
On the shedding finish, BERGER and CHAMS declined by 7.48% and 5.09% respectively.
When it comes to market exercise, FIDELITYBK and ZENITHBANK recorded the very best volumes traded for the day.
Market abstract
- Present ASI: 118,579.65
- Earlier ASI: 118,138.22
- Day Change: +0.37%
- 12 months-to-Date Efficiency: +15.21%
- Quantity Traded: 653.6 million shares
- Market Cap: N74.8 trillion
Prime 5 gainers
- NEIMETH: Up 10.00% to N4.07
- FTNCOCOA: Up 10.00% to N3.08
- PRESCO: Up 10.00% to N1210.00
- CHAMPION: Up 10.00% to N9.02
- BETAGLAS: Up 10.00% to N303.60
Prime 5 losers
- JBERGER: Down 7.48% to N117.50
- CHAMS: Down 5.09% to N2.05
- NSLTECH: Down 5.00% to N0.57
- MULTIVERSE: Down 4.66% to N9.20
- REDSTAREX: Down 3 85% to N7.50
Buying and selling quantity
Day by day market quantity rose considerably to 653.6 million models, up from 522.7 million recorded within the earlier week, reflecting heightened investor participation.
- FIDELITYBK led the amount chart with a strong 141.7 million shares traded.
- ZENITHBANK adopted with 46.2 million shares, whereas NIGERIAN BREWERIES sustained its momentum with 38 million shares exchanged.
- FTNCOCOA and ACCESSCORP rounded out the highest 5, posting 37.97 million and 37.93 million shares, respectively.
SWOOTs and FUGAZ efficiency
Among the many SWOOTs (Shares Price Over One Trillion Naira):
- MTN Nigeria declined barely by 0.93%.
Within the FUGAZ banking group, the sector staged a powerful rebound with all however one member closing in optimistic territory:
- FIRSTHOLDCO gained 3.90%,
- ACCESSCORP rose 2.28%.
- ZENITHBANK added 1.90%.
- UBA climbed 1.45%.
GTCO was the lone laggard, dipping 1.65%.
Market outlook
With the All-Share Index now firming above the 118,000 mark, momentum seems to be constructing on the again of renewed bullish sentiment, particularly inside the banking house.
Trying forward, sustained shopping for curiosity, significantly in large-cap shares, may drive the index nearer to the 120,000 threshold, reinforcing optimism amongst market contributors.
Be First to Comment