The Nigerian All-Share Index (ASI) concluded trading on December 12, 2024, with a positive performance, rising by 250.91 points to settle at 98,760.59, marking a 0.25% increase. This positive trend was bolstered by a surge in trading activity, with 489 million shares exchanged, reflecting a 53% increase compared to the previous session.
Market capitalization also grew, reaching N59.8 trillion, supported by 8,304 executed transactions, further demonstrating the market’s robust activity.
Market Summary
- Current ASI: 98,760.59 points
- Previous ASI: 98,509.68 points
- Day Change: +0.25%
- Year-to-Date Performance: +32.08%
- Volume Traded: 489 million shares
- Deals Executed: 8,304
Top Gainers
- TANTALIZER: +10.00% to N1.76
- CONOIL: +10.00% to N387.20
- CUSTODIAN: +9.92% to N13.85
- AFRIPRUD: +9.79% to N15.70
- GOLDBREW: +9.75% to N7.88
Top Losers
- DAARCOMM: -8.47% to N0.54
- CAVERTON: -8.16% to N1.80
- OMATEK: -7.46% to N0.62
- ABCTRANS: -7.41% to N1.25
- CONHALLPLC: -7.11% to N2.22
Trading Volume Highlights
The equities market experienced a notable 53% surge in trading volume, with FCMB emerging as the most actively traded stock, with 77.6 million shares exchanged. Other active stocks included ETRANZACT (70.1 million shares) and HMCALL (47.8 million shares).
Trading Value Highlights
- ARAUDEL led in trading value, recording N753.5 million in transactions.
- FCMB followed with N698.6 million in trades.
- WAPCO and ETRANZACT contributed N563.5 million and N473.4 million, respectively.
- Guinness completed the top five with N400.7 million in trades.
SWOOT and FUGAZ Stock Performance
- LAFARGE from the SWOOT group led the gains with a 6.06% rise, followed by OANDO at +3.73%.
- Among the FUGAZ stocks, FBNH posted a modest increase of 0.38%, while UBA, ACCESSCORP, and ZENITHBANK experienced slight declines.
Outlook
The upward momentum of individual stocks, particularly the gainers, indicates the potential for the All-Share Index to cross the 99,000-point mark in the upcoming sessions, possibly pushing market capitalization to N60 trillion. Strong investor confidence and solid performance across sectors suggest a continued positive trend in the Nigerian equities market in the near term.
