Market Wrap: All-Share Index climbs 767 points crossing 103,000; MTN gains, SEPLAT leads in value 

This marks a modest rise of 0.75% from Monday’s closing value of 102,370.36, coinciding with a notable increase in trading volume.

Despite this upward momentum, trading volume fell sharply by 66% from the previous day’s N1.3 billion to N440.3 million.

Nevertheless, market capitalization increased, reaching N63.3 trillion from 13,087 transactions, up from N62.80 trillion reported earlier.

Among individual stock performances, MTNN, SCOA, and OMATEK stood out with impressive gains of 10.00%, 9.93%, and 9.88%, respectively.

In contrast, NSLTECH and ABBEYBDS were the notable decliners, experiencing losses of 9.88% and 9.09%.

LASACO and ACCESSCORP led the trading charts as the most actively traded stocks, making significant contributions to the overall turnover of the day.

Trading volume

Trading volume experienced a significant decline during the session, dropping by 66% to 440.3 million shares. Key highlights include:

Trading value 

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

SWOOT and FUGAZ performance   

In the SWOOT category, notable performances included:

For the FUGAZ group, which encompasses FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, the performance was mixed:

Market outlook: 

Market outlook: 

The All-Share Index jumped 767.63 points, crossing the 103,000-mark again. With Q4 earnings reports from major and mid-cap stocks coming in late January and early February, the index could see even more rallies.