All-Share Index ascends back to 104,000, gains 0.38%; MTN and FIDELITY BANK lead trading value 

This represents a 0.38% increase from the previous day’s figure of 103,851.88, successfully reclaiming the 104,000 mark.

The daily market volume also saw an uptick, rising to 376.2 million shares, a 7% increase from 351.6 million shares traded the day before.

Additionally, market capitalization grew from N65.2 trillion to N65.4 trillion, reflecting robust trading activity across 11,204 transactions.

Among the prominent gainers, ABBEYBDS and NB recorded impressive increases of 9.94% and 9.86%, respectively.

Conversely, SUNUASSUR and ELLAHLAKES encountered considerable setbacks, with declines of 9.91% and 9.76%.

Noteworthy trading activity was observed in UNIVINSURE and FIDELITYBK, which led the market in transaction volume.

The daily market volume demonstrated a notable increase, climbing to 376.2 million shares compared to the 351.6 million shares traded the previous day, representing a 7% rise.

Within the SWOOTS category, OANDO experienced a robust increase of 6.24%, while MTN faced a slight decline of 0.41%.

Despite the day’s gains, the All-Share Index appears to be entering a retracement phase as it stabilizes above the 104,000 thresholds.

The potential recovery of large- and mid-cap stocks will likely play a crucial role in determining the index’s stability in the weeks to come.