All-Share Index closes at 99,922, eyes 100,000 mark as LIVINGTRUST tops gainers
The Nigerian All-Share Index (ASI) posted a robust performance on December 16, 2024, climbing 544.57 points to close at 99,922.63—a solid 0.55% gain—as it inches closer to the 100,000-mark.
Investor activity surged, with trading volume reaching an impressive 740 million shares—a 38% increase compared to the previous session.
Market capitalization also maintained its strong footing above the N60 trillion threshold, ending the day at N60.58 trillion, underpinned by 8,464 recorded transactions.
LIVINGTRUST and ROYALEX led the gainers’ chart, both hitting the daily limit of 10.00%, reflecting strong investor confidence in these stocks.
However, it wasn’t all positive, as UPL emerged as the biggest laggard with a sharp 10.00% decline, followed by HMCALL, which dropped 9.81% and 9.62%, respectively, illustrating a mixed sentiment across the market.
On the activity front, STERLINGNG and WEMABANK stood out as the day’s most traded stocks, drawing significant investor interest and contributing to the heightened market turnover.
On December 16, 2024, the Nigerian equities market saw a notable 38% boost in trading volume, with 740 million shares exchanged, surpassing the previous session’s activity.
In terms of trading value, heavyweight stocks took center stage:
The SWOOT stocks, representing companies with market capitalizations above N1 trillion, recorded mixed performances:
Among the FUGAZ stocks—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK:
The All-Share Index broke through the 99,500-mark, driven by gains in large-cap stocks. This upward momentum brings the market closer to the eagerly awaited 100,000-point milestone.
With growing investor confidence and strong performances across major sectors, the Nigerian equities market is well-placed to sustain its positive trajectory in the coming days.