Nigerian stock market steady as All-Share Index rises 0.03%, ABBEYBDS and UNILEVER shine 

This signifies a slight gain of 0.03% compared to the previous day’s closing figure of 104,529.62, despite a decline in overall market volume.

Daily trading volume decreased by 13.9%, declining from 428.1 million shares to 368.7 million shares.

Concurrently, the market capitalization, which had diminished to N65.6 trillion the day prior, rebounded to N65.7 trillion, remaining below the significant threshold of N66 trillion.

Among the notable gainers, ABBEYBDS and UNILEVER distinguished themselves by recording impressive increases of 9.94% and 9.65%, respectively.

In contrast, NNFM and TIP encountered challenges, experiencing 9.97% and 9.57% declines. Noteworthy trading activity was observed in FIDELITYBK and ACCESSCORP, which emerged as leaders in market transactions.

Trading volume:

Daily market volume experienced a decline of 13.9%, decreasing from 428.1 million shares traded the previous day to 368.7 million shares.

In terms of trading value, MTNN emerged as the top performer, facilitating transactions valued at N2.7 billion.

Within the SWOOTS category, MTNN experienced a slight decline of 0.16%.

Despite the day’s gains, the All-Share Index remains in a retracement phase, currently positioned below the critical 105,000 mark.

However, the potential recovery of large- and mid-cap stocks could play a significant role in stabilizing the index in the forthcoming weeks.