The Nigerian All-Share Index (ASI) closed slightly lower on January 10, dropping by 79.68 points to end at 105,451.06.
This represents a 0.08% decline from the previous day’s close of 105,530.74. Despite the dip, the index remained comfortably above the 105,000 mark.
Trading activity picked up, with market volume increasing by 4.44% from 489 million shares to 511 million shares.
Market capitalization also held firm at N64.3 trillion, recorded across 12,877 transactions, maintaining its position above the N64 trillion level.
The session saw notable performances from top gainers CILEASING and HONYFLOUR, which rose by 10.00% and 9.99%, respectively.
On the other hand, SUNUASSUR led the decliners with a 9.99% loss, followed closely by EUNISELL, which dropped 9.96%.
Market participation was moderate, with WEMABANK and TANTALIZER emerging as the most actively traded stocks, significantly contributing to the day’s turnover.
The market experienced a notable uptick in trading volume, rising by 4.44% to reach 511 million shares.
In terms of trading value, WEMABANK dominated with transactions worth N9.7 billion, signaling strong investor confidence.
SWOOT category
FUGAZ Stocks
The FUGAZ group, comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, saw mixed performances:
Market Outlook