The Nigerian All-Share Index ended the trading day on 10th September in positive territory, rising by 569.3 points to close at 140,365.4.
This represents a 0.41% gain from the previous day’s close of 139,796.1, as market activity picked up momentum.
Trading volume spiked to 767 million shares, up from 659 million shares exchanged the day before.
Market capitalization mirrored this bullish sentiment, maintaining a level above N88.5 trillion and closing the day at N88.81 trillion across 24,837 deals.
At the top of the gainers’ chart were CHELLARAM and FTNCOCOA, each surging 10%, while MAYBAKER and UNIONDICON led the losers, slipping 9.97% and 9.72%, respectively.
In terms of value, heavyweight ARADEL dominated, trading up to N23 billion in a single day.
Daily market volume soared to 767.7 million shares, compared to 659.1 million shares exchanged the previous day.
In terms of value, ARADEL dominated with trades worth N23 billion.
SWOOTs (Stocks Worth Over One Trillion Naira) had a mixed outing.
On the negative side, GTCO shed 0.11%.
The All-Share Index appears to be staging a correction from a pullback that had it fall to 138,157.1 on 3rd September.
If the bullish momentum continues in select large-cap stocks, the market could extend corrections that might see it recover the 141,000-territory.