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Market Wrap: All-Share Index up 0.10% as GOLDBREW leads gainers, JOHNHOLT tops losers 

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The Nigerian All-Share Index (ASI) concluded trading on December 10 with a positive performance, gaining 99.45 points to close at 98,206.97, reflecting a slight increase of 0.1%.

Amid this modest increase, trading activity witnessed a surge, with 939 billion shares exchanged—a significant 115.4% rise compared to the previous session.

Market capitalization remained strong at N59.5 trillion, supported by 9,098 individual transactions.

Leading the gainers’ chart, GOLDBREW saw an impressive rise of 9.93%, followed by GUINEAINS, which posted a 9.80% increase. TANTALIZER secured third place with a 9.77% advance.

Conversely, JOHNHOLT emerged as the top loser, shedding 9.96%, while HMCALL followed closely with a 9.91% decline.

In terms of trading volume, WAPIC and STERLINGNG stood out as the most actively traded stocks, significantly contributing to the day’s market turnover.

On December 10, 2024, the Nigerian equities market recorded a sharp 115.4% increase in trading volume. A total of 939 million shares were traded, significantly higher than the 436 million shares exchanged in the previous session.

If the positive momentum continues, the All-Share Index could move closer to the 99,000 mark, with market capitalization projected to surpass the N60 trillion threshold.

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