WATCH THE VIDEO HERE The Nigerian All-Share Index concluded the trading day on January 8, 2025, with a notable rise, climbing by 831.91 points to settle at 104,230.73. This strong performance surpassed the 104,000 mark, rising 0.80% from the previous day’s 103,398.32, with investors now eyeing a close above 104,500 points, last achieved in the first quarter of 2024. However, despite the positive price movement, trading volume experienced a significant decline, dipping by 42.5%. The volume fell from 1.1 billion shares exchanged the day before to 639 million shares on this occasion. Buoyed by the ascent in price, market capitalization rose to N63.5 trillion over 13,551 transactions, a notable increase from the N63 million recorded in the prior trading day. Among the day’s standout performers, MTNN and TRANSCORP both achieved impressive gains of 10.00%, reflecting heightened investor interest. Conversely, SUNUASSUR led the decliners with a steep drop of 9.99%, while UNIVINSURE followed closely behind with a decline of 8.97%. The trading session was marked by reduced market participation, with FBNH and TANTALIZER emerging as the most actively traded stocks, significantly contributing to the day’s turnover. Market summary Top 5 gainers Top 5 losers Market trading volume witnessed a sharp decline of 42.5%, culminating in the exchange of 639 million shares. Despite the lower overall activity, key players emerged: In terms of trading value, GEREGU dominated the market with transactions totaling N11.3 billion, signaling robust investor confidence. SWOOT and FUGAZ performance The FUGAZ stocks—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—also had varied outcomes: Market outlook Market outlook
In the SWOOT category, performance was mixed:
Market Wrap: All-Share Index shatters the 104,000-barrier as MTN, TRANSCORP, others surge
