Market Wrap: UPL leads gainers with 10% surge as All-Share Index dips, REDSTAREX tops losers 

Despite maintaining its position just above the 98,000-threshold, the index recorded a modest decline of 0.06%, signaling a minor pullback even as market activity showed signs of life.

In a notable turn, trading volume surged significantly, with a total of 722 million shares changing hands — a robust 38.52% increase compared to the previous session.

Market capitalization held steady at an impressive N59.4 trillion, buoyed by 8,495 individual transactions throughout the day.

Among the day’s top performers, UPL led the charge with a 10.00% surge, closely followed by CORNERST, which also gained 10.00%. STERLINGNG rounded off the top three with a strong 9.98% increase.

On the flip side, REDSTAREX led the losers, shedding 10.00% of its value, with FTNCOCOA following closely behind, dropping by 5.61%.

In terms of trading activity, CHAMPION and FIDELITYBK emerged as the day’s most actively traded stocks, capturing the market’s attention with substantial volumes.

On December 5, 2024, the Nigerian equities market experienced a significant uptick in trading activity, with volume rising by 38.52%. A total of 722 million shares exchanged hands, up from 521 million shares in the previous session.

Trading value: 

In terms of value, GTCO led the charge with a substantial N2.1 billion in transactions.

Among the SWOOT stocks — those with market capitalizations exceeding N1 trillion — only ARADEL experienced a decline, shedding 1.48% during the session.

On the other hand, FBNH saw a small dip of 0.38%, while ZENITH BANK experienced a more significant decline of 1.68%.