WATCH THE VIDEO HERE The Nigerian stock market, tracked by the All-Share Index, concluded the trading session on February 5, 2025, on a positive note, gaining 536.54 points to close at 105,324.89. This reflects a 0.51% increase from the previous close of 104,788.35, as the index corrected back to the 105,000-barrier, which it hit on January 9, 2025. Trading volume also witnessed a surge, rising by 124% from N471.6 billion recorded the previous day to N1 billion shares. Market capitalization soared past N65 trillion, closing the day at N65.22 trillion over 15,080 deals. In terms of individual stock performance, GUINEAINS and ETERNA recorded impressive gains of 10.00% and 9.96%, respectively. Conversely, MAYBAKER and ACADEMY faced declines of 9.88% and 9.33%, respectively. Additionally, ACCESSCORP and FBNH emerged as leaders in trading activity, significantly influencing the day’s turnover. The trading volume experienced a significant surge of 124%, rising to 1 billion shares from 471.6 million. In terms of trading value, the session was dominated by: SWOOT and FUGAZ performance The FUGAZ group exhibited positive results, with all members finishing in the green: The market appears set for positive developments, with an influx of financial results in late January and early February. If the index maintains bullish momentum above the 105,000-barrier without being seen as overbought, it may continue its ascent beyond the 106,000-threshold, making a new high.
Market Wrap: All-Share tops 105,000; FUGAZ stocks up, ACCESSCORP hits N12.5 billion trading value
