The Nigerian All-Share Index opened the week on a positive note, advancing by 435.6 points to close at 141,439.77.
This marks a 0.31% rise from its opening level of 141,004.10, pushing the index firmly above the 141,000-threshold.
However, market activity slowed, as trading volume fell to 591.2 million shares compared to 1.3 billion shares exchanged in the previous session.
Despite this, market capitalization edged higher to N89.4 trillion across 33,342 deals, up from N89.2 trillion in the last session.
Market activity slowed, with daily trading volume dropping to 591.2 million shares from 1.3 billion shares recorded in the previous session.
SWOOTs (Stocks Worth Over One Trillion Naira) delivered a mixed outing.
Among the FUGAZ stocks, GTCO climbed 2.18% and ACCESSCORP added 1.67%.
FBN Holdings, UBA, and ZENITHBANK, however, closed the day flat with no price changes.
The All-Share Index appears to be staging a mild correction from last week’s decline, which saw it slip to a low of 140,332.4. The current rebound suggests a gradual recovery in investor sentiment.
If momentum continues and bullish price action is sustained in large-cap stocks, the index has the potential to reclaim the 142,000-mark in the near term.