WATCH THE VIDEO HERE The Nigerian All-Share Index (ASI) closed in negative territory on January 15, shedding 1,526.14 points to settle at 102,095.95. This represents a 1.47% decline from the previous session’s figure, pushing the index back into the 102,000-point range. In addition to the decline in the ASI, trading activity slowed, with volume dropping 14.3% to 428 million shares from the prior session’s 508 million shares. Market capitalization also saw a significant decrease, falling to N62.2 trillion, down from N63.1 trillion, hovering just above the N62 trillion mark. On the gainers’ chart, Dangote Sugar Refinery (DANGSUGAR) and NASCON Allied Industries (NASCON) were the standout performers, each recording the maximum daily gain of 10.00%. Conversely, Universal Insurance (UNIVINSURE) and Dangote Cement (DANGCEM) led the decliners’ list, with both stocks falling by 10.00%. Market participation reflected the day’s subdued sentiment, with UNIVINSURE and AIICO Insurance emerging as the most actively traded stocks, contributing significantly to overall turnover. This session highlights a retreat in market momentum, emphasizing a cautious sentiment among investors as the ASI retraced from recent highs. Market Summary The market recorded a decline in trading activity, with volume falling by 14.3% to 435 million shares. Notable highlights include: In terms of trading value, activity was dominated by: SWOOT category FUGAZ stocks The FUGAZ group, consisting of FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, delivered mixed results:
Market Wrap: All-Share Index retraces to 102,000 level as DANGSUGAR rallies
