The Nigerian All-Share Index (ASI) concluded trading on December 12, 2024, with a notable positive performance, gaining 250.91 points to settle at 98,760.59, reflecting a 0.25% increase.
Trading activity experienced a boost, with a total of 489 million shares exchanged—a significant 53% increase compared to the previous session.
Market capitalization also rose, reaching N59.8 trillion, buoyed by 8,304 executed transactions.
On the gainers’ chart, TANTALIZER led the pack with an impressive 10.00% increase, while CONOIL mirrored this strong performance with another 10.00% rise. Custodian followed closely, posting a 9.92% advance to round out the top three.
However, the day was not without its laggards. DAARCOMM recorded the steepest decline, shedding 8.47%, while CAVERTON trailed with an 8.16% drop.
In terms of trading volume, FCMB and ETRANZACT emerged as the most actively traded stocks, significantly contributing to the robust market turnover and reflecting sustained investor interest in these equities.
Market Summary
Top 5 gainers
Top 5 losers
On December 12, 2024, the Nigerian equities market witnessed a significant 53% surge in trading volume, with a total of 489 million shares exchanged, surpassing the previous session’s activity.
In terms of trading value, ARADEL dominated the day with transactions worth N753.5 million.
The SWOOT stocks, representing companies with market capitalizations above N1 trillion, recorded mixed performances:
Among the FUGAZ stocks (FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK):
The upward momentum in individual stocks suggests the possibility of the All-Share Index crossing the 99,000-point mark in the sessions ahead, potentially driving the market capitalization to the N60 trillion milestone.
Strong investor confidence and positive performance across various sectors are expected to keep the Nigerian equities market on an upward trend in the near term.