adplus-dvertising
Business News

Market Wrap: All-Share Index rises with 1 billion in trading volume as GOLDBREW jumps 10% 

WATCH THE VIDEO HERE

The Nigerian All-Share Index (ASI) closed on a positive note on December 6, 2024, advancing by 96.64 points to settle at 98,210.75.

This represents a modest 0.10% gain, amid increases in both trading volume and market capitalization.

Trading activity saw a significant uptick, with 1 billion shares changing hands—a 43.98% rise compared to the previous trading day.

Market capitalization remained robust, holding steady at N59.5 trillion, supported by 7,220 individual transactions.

Among the top gainers, GOLDBREW led the pack with a 9.98% rise, followed closely by JAPAULGOLD, which surged by 9.30%. SUNUASSUR rounded out the top three with a solid 9.07% increase.

On the downside, ETERNA was the biggest loser, shedding 4.62% of its value, while STERLINGNG followed closely behind with a 4.12% decline.

In terms of trading activity, WEMABANK and FIDELITYBK were the day’s most actively traded stocks, attracting substantial volumes and dominating the market.

On December 6, 2024, the Nigerian equities market saw a notable increase in trading volume, rising by 43.98%. A total of 1 billion shares changed hands, a significant jump from the 722 million shares traded in the previous session.

Among the SWOOT stocks—those with market capitalizations exceeding N1 trillion—none experienced any price movement during the session.

WATCH FULL VIDEO

WATCH THE VIDEO HERE