The Nigerian All-Share Index (ASI) ended Thursday’s trading session with a modest gain of 90.09 points, closing at 96,924.86, reflecting a 0.09% rise. The increase signals a potential recovery for the ASI after recently dipping below the 97,000-point mark.
Trading activity saw a significant boost, with volume surging 50.19% to 628 million shares, up from 418 million on the previous day. Market capitalization reached N58.7 trillion as investors engaged in 9,700 deals.
Top Performers:
- CONOIL led the gainers, rising by 10.00% to N236.50, followed by ARADEL (10.00%) and EUNISELL (9.92%).
Top Losers:
- TANTALIZER and NGXGROUP led the decliners, falling by 6.25% and 5.81%, respectively.
Volume Leaders:
- CONHALLPLC and JAPAULGOLD dominated trading volumes, with 124.8 million and 105.9 million shares exchanged.
Outlook:
If the positive momentum continues, particularly in the banking and energy sectors, the market could see further gains, potentially leading to a broader rally.
