The Nigerian All-Share Index (ASI) closed on Christmas Eve, at 102,186.03, reflecting a whooping gain of 829.88 points.
This 0.82% rise suggests growing investor optimism as the index eyes March’s high above 104,000.
Despite the surge, trading volume decreased, with only 397 million shares exchanged, down 20% from the previous session’s 503 million.
The market capitalization neared N62 trillion, wrapping up the day at N61.9 trillion, supported by 8,369 transactions.
MRS emerged as the top gainer, soaring by 10.00%, followed closely by IKEJAHOTEL at 9.95% and MULTIVERSE at 9.90%.
In contrast, THOMASWY faced the largest decline, dropping 10.00%, with CAVERTON not far behind at a decrease of 7.35%, illustrating a mixed sentiment among investors.
Notably, UBA and UNIVINSURE were the most actively traded stocks, capturing significant investor interest and contributing notably to the day’s turnover.
While the market maintained an overall positive trajectory, trading volume took a significant dip, decreasing by 20% with 397 million shares exchanged compared to the previous session.
Heavyweight stocks dominated the trading landscape by value, drawing considerable institutional interest.
SWOOT and FUGAZ Performance
For SWOOTs, MTNN surged by an impressive 8.99%, followed by OANDO at 3.62% and WAPCO at 1.47%.
Among FUGAZ stocks (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK).
Outlook