Market Wrap: All-Share Index climbs 0.13% as PRESCO, BETAGLAS, and other advancers shine 

This reflects a 0.13% increase from the previous close of 104,496.12, which had placed the index below the 104,500-threshold.

Notably, trading volume experienced a significant decline, falling by 56% from 1.1 billion shares on the previous trading day to 510.5 million.

Market capitalization remained stable, surpassing the N64 trillion threshold at N64.72 trillion, resulting from 14,611 deals.

In terms of individual stock performance, PRESCO and BETAGLAS recorded impressive gains of 10.00% each. Conversely, UPL and OMATEK faced declines of 10.00% and 9.88%, respectively.

Additionally, FBNH and ZENITHBANK emerged as leaders in trading activity, significantly influencing the day’s turnover.

The trading volume experienced a significant decline of 56%, dropping from 1.1 billion shares to 510.5 million.

In terms of trading value, the session was dominated by:

The FUGAZ group exhibited mixed results:   

The market appears set for positive developments, with an influx of financial results in late January and early February. This could potentially propel the index past the 105,000 mark once again.

If the index maintains bullish momentum above the 104,500-barrier without being seen as overbought, it may continue its ascent beyond the 105,000-threshold.