WATCH THE VIDEO HERE The Nigerian stock market tracked by the All-Share Index (ASI) ended in the green on December 23, 2024, with a modest gain of 227.06 points, closing at 101,356.15, a rise of 0.22% as it approaches the 101,500-mark. However, market volume dipped from 513 million shares to 503 million shares, reflecting a 2% decrease from the last session. Market capitalization remained steady above the N61 trillion threshold, finishing the day at N61.4 trillion, supported by 12,490 transactions. Leading the gainers were OKOMUOIL, CHAMPION, MANSARD, MRS, and LIVINGTRUST, all rising by 10.00%. On the downside, AUSTINLAZ was the largest decliner, dropping 9.84%, closely followed by ARADEL, which fell 9.64%, reflecting a mixed sentiment in the market. In trading activity, GTCO and JAPAULGOLD were the most actively traded stocks, attracting significant investor interest and contributing to market turnover. Despite the market’s overall positive trajectory, trading volume experienced a notable decline of 2%, with 503 million shares exchanged compared to the prior session. Heavyweight stocks dominated trading by value, attracting significant institutional interest: FUGAZ stocks (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK): The Nigerian All-Share Index remains on a robust upward trajectory, closing above 101,300 points as it approaches the 102,000-point barrier. Continued gains in mid- and large-cap stocks may drive further increases in market capitalization, sustaining the bullish momentum.
Market Wrap: Nigerian stock market ends in green as five ‘top gainers’ surge over 10% at once, AUSTINLAZ leads decliners
