ARADEL and BUAFOODS jump as All-Share Index eyes 110,000 mark 

This represents a 0.79% gain from the previous close of 109,028.62, as strong performances by ARADEL and BUAFOODS, the second-largest Nigerian stock, helped keep the index above the 109,000 mark.

Despite the impressive rebound in prices, market activity by volume saw a notable dip, with total turnover dropping to N414.3 billion, down from N637.5 billion in the prior session.

Meanwhile, market capitalization rose to N69.2 trillion, up from N68.7 trillion recorded in the previous session.

FIDELITY and CUSTODIAN emerged as the most actively traded stocks, commanding significant investor interest and volume throughout the session.

Even as prices soared, trading volume took a step back, falling to N414.5 million from N637.5 million in the previous session.

Among the SWOOTs (Stocks Worth Over One Trillion Naira):

Within the FUGAZ banking group:

The All-Share Index soared strongly, spurred by daily bullish price action.

Continued strength among mid- and large-cap stocks could provide the momentum needed to push the market back onto a bullish trajectory.