All-Share shatters 108,000 and 109,000 barriers; REGALINS, DANGOTE CEMENT soar 

This impressive increase signifies a 1.25% rise from the previous closing figure of 107,822.52, successfully breaching both the 108,000 and 109,000 thresholds.

However, despite this notable upward momentum, trading volume saw a decline of 7.50%, decreasing from 461 million shares traded the prior day to 427 million.

In a positive development, market capitalization demonstrated resilience, surpassing the N68 trillion mark, rising from N67.2 trillion to close at N68.1 trillion over 16,342 transactions.

Examining individual stock performances, REGALINS and DANGCEM each achieved commendable gains of 10.00%. Conversely, GOLDBREW and LINKASSURE faced declines, recording decreases of 9.91% and 6.76%, respectively.

Furthermore, UNIVINSURE and WEMABANK emerged as leaders in trading activity, significantly influencing the day’s turnover.

The daily trading volume declined by 7.50%, dropping to 427 million shares from the 461 million shares reported the previous day.

The Index is currently experiencing strong buying momentum as it approaches the psychological barrier of 110,000.

If All-Share is not perceived as overbought, the positive sentiment stemming from the recent earnings reports of late January and early February may continue to propel the index upward.