Market Wrap: All-Share gains 0.08%; ETERNA and TRANSCORP rally, GEREGU trades N9.4 billion in value 

This uptick reflects a 0.08% rise from the previous day’s close of 106,538.60, driven by a noticeable increase in trading volume.

Daily trading volume climbed to 364.9 million shares, marking a 4.52% rise from the 349.1 million shares traded at the end of Friday’s session.

Despite this slight gain, market capitalization remained steady at N66.7 trillion across 14,565 transactions, as the All-Share Index maintained its hold above the N66 trillion mark.

Among the standout performers, ETERNA and TRANSCORP surged by 9.96% and 9.91%, respectively.

In contrast, VFDGROUP and INTENEGINS experienced declines of 9.92% and 8.72%, respectively. FIDELITYBK and ACCESSCORP dominated trading activity, making significant contributions to the day’s overall volume.

Daily trading volume surged to 364.9 million shares, reflecting a robust increase of 4.52% from the 349.1 million shares traded at the end of Friday’s session.

In terms of trading value, GEREGU stood out as the leading performer, facilitating impressive transactions worth N9.4 billion.

In the SWOOT category, OANDO faced a setback, declining by 3.57%, while WAPCO slipped by 1.33%.

Looking ahead, the All-Share Index may be poised for correction following the bearish action of the previous week, which saw it drop below the 107,000-mark.

If the market is deemed not overbought, it could present opportunities for investors seeking to capitalize on lower entry prices.