The Nigerian All-Share Index (ASI) ended the trading day on November 29, 2024, in the negative territory, slipping by 276.94 points to close at 97,506.87, marking a modest decline of 0.28%.
Trading volume also saw a decline, with the number of shares traded dropping from 632 million the previous day to 515 million, a decrease of 18.5%.
Market capitalization remained steady at N59.1 trillion, while 7,554 trades were executed, signaling a stable pace of transactions despite the dip in trading volume.
Among the day’s notable performers, HMCALL stood out as the top gainer, surging by an impressive 9.54%. Close behind, ROYALEX gained 8.77%, while SOVRENINS completed the top three with a solid 7.35% increase.
On the downside, REGALINS emerged as the day’s biggest loser, shedding 9.80% of its value. LASACO trailed closely, dropping 9.75%.
Notably, FBNH and HMCALL were the most actively traded stocks of the day, signaling sustained investor interest.
The Nigerian equities market saw a significant decline in trading activity on November 29, 2024, as trading volume dropped by 18.5%. A total of 515 million shares changed hands, down from 632 million in the previous session.
Among the SWOOT stocks—those with market capitalizations exceeding N1 trillion—SEPLAT and OANDO emerged as strong performers, rising by 6.02% and 0.61%, respectively.
Despite the market’s slight dip, there remains optimism for a potential rebound in the Nigerian equities market.
Strong Q3 earnings across several sectors, coupled with sustained investor interest, are expected to drive upward momentum in the sessions ahead, keeping market sentiment cautiously positive.