The Nigerian All-Share Index (ASI) kicked off the week on a positive note, soaring by 305.67 points to close at 121,295.33 on Monday, July 5th.
This marks a 0.25% rise from Friday’s close of 120,989.66, despite a slowdown in trading activity, with FIRSTHOLDCO gaining 9.8%.
Market volume dipped to 824 million shares, down from the 923 million recorded in the previous session.
Despite the lower volume, market capitalization rose to N76.5 trillion, up from N76.3 trillion, spread across 24,042 deals.
In terms of activity, UNIVINSURE and FCMB stood out as the most traded stocks by volume, capturing strong investor interest.
Daily market volume eased to 824 million shares, down from 923 million recorded in the previous session.
On the value front, heavyweight stocks dominated:
Among the Stocks Worth Over One Trillion Naira (SWOOTs):
In the FUGAZ banking group:
The ASI’s move above the 121,000-point mark suggests renewed momentum in the market, fueled by rallies in key mid and large-cap stocks.
With sentiment improving, investors may be positioning for further upside in the sessions ahead.