The NGX All-Share Index closed in the green on Wednesday, October 15, gaining 31.3 points to settle at 147,742.2.
This represents a modest 0.02% increase from 147,711.0 recorded the previous day, despite a decline in market activity.
Daily trading volume dropped to 388 million shares, down from 495 million in the previous session, with FIDELITYBK leading the day’s activity by volume.
Market capitalization, however, remained unchanged at N93.7 trillion, spread across 23,017 deals, the same level as the previous day.
On the gainers’ chart, SFSREIT and ROYALEX topped with increases of 9.88% and 7.37% respectively. On the flip side, TRIPPLEG and IMG led the losers’ chart, declining by 9.91% and 9.87%.
In terms of volume, FIDELITYBK and CHAMS were the most actively traded stocks of the day.
Daily trading volume stood at 388 million shares, down from 495 million shares recorded the previous day.
Trading value
In terms of value, ZENITHBANK again led with trades worth N1.4 billion.
SWOOT and FUGAZ performance
Stocks Worth Over One Trillion Naira (SWOOTs) showed mixed performance.
Among the FUGAZ stocks:
Market outlook
Despite the soft price action, the Nigerian All-Share Index remains firmly on the bullish side as investors likely anticipate the release of Q3 earnings results.
Sustained gains in large-cap stocks could further strengthen the upward momentum of the index.