The Nigerian All-Share Index closed in positive territory on Wednesday, July 9, adding 335.74 points to settle at 121,989.67.
This marks a 0.28% uptick from the previous day’s close of 121,653.93, unfazed by the dip in trading activity.
Daily market volume tapered to 888.7 million shares, down from the 1.01 billion shares exchanged in the prior session.
Despite the slowdown, overall sentiment remained upbeat, with market capitalization holding firm at N76.9 trillion across 24,303 deals, reflecting the day’s bullish momentum.
Daily trading volume eased to 888.6 million shares, compared to 1.01 billion shares exchanged in the previous session.
Among the SWOOTs (Stocks Worth Over One Trillion Naira):
On the downside:
Within the FUGAZ banking group:
On the flip side:
The Nigerian All-Share Index appears to have found footing above the 121,000 mark, steadily edging closer to the 122,000 threshold.
With sentiment improving and momentum picking up, investors may be positioning for potential gains in the days ahead.