The Nigerian All-Share Index closed the trading session on September 17 in positive territory, gaining 489.5 points to settle at 142,036.2.
This represents a 0.35% increase from the previous day’s close of 141,546.8, as the Nigerian stock market reclaimed levels above 142,000.
Trading activity surged, with the number of shares exchanged reaching 1 billion, up from 414 million the previous day.
Market capitalization also strengthened, rising to N89.8 trillion across 23,281 deals, as the market eyes a return to the N90 trillion mark.
Volume leaders for the day were Abbey Mortgage Bank Plc (ABBEYBDS) and Fidelity Bank Plc (FIDELITYBK), which accounted for the bulk of trading activity with 401 million and 254.8 million shares exchanged, respectively.
Market activity strengthened as trading volume climbed to 1 billion shares from 414 million shares in the previous session.
In terms of value, ARADEL dominated the market with trades worth N6.8 billion.
The SWOOTs (Stocks Worth Over One Trillion Naira) posted a mixed performance.
Among the FUGAZ stocks, performance was also uneven:
The All-Share Index appears to be rebounding from the recent pullback, with some previously dormant large-cap stocks beginning to surge.
If the current bullish momentum in select large-cap stocks continues, the market could extend its recovery and potentially reclaim the 143,000 level in the near term.