The Nigerian All-Fragment Index (ASI) persevered its determined vogue on Tuesday, closing up +181.ninety 9 functions at 98,568.59, marking a 0.18% develop from the previous finish.
Banking shares, significantly FBNH and FIDELITY, had been amongst the stop advancers. Market job diminished rather, with a quantity of 763 million shares traded compared to 810.42 million on the previous shopping and selling day.
NIDF emerged as the stop performer, surging 10%, adopted carefully by FBNH, which also rose by 10%. On the plan back, OANDO used to be the stop loser, falling 10%, while OKOMU OIL and CAVERTON declined by 9.98% and 9.88%, respectively.
Market Snapshot
- Most current ASI: 98,568.59 functions
- Outdated ASI: 98,386.00 functions
- Day Alternate: +0.18%
- Twelve months-to-Date Performance: +31.76%
- Quantity Traded: 763.00 million shares
High 5 Gainers
- NIDF: up 10.00% to N101.16
- FBNH: up 10.00% to N28.20
- ELLAHLAKES: up 9.76% to N3.38
- FIDELITYBK: up 9.70% to N14.95
- ABCTRANS: up 9.52% to N1.05
High 5 losers
- OANDO: down 10.00% to N80.00
- OKOMUOIL: down 9.98% to N417.70
- CAVERTON: down 9.88% to N4.05
- MULTIVERSE: down 9.82% to N11.2
- FIDSON: down 9.74% to N17.forty five
Procuring and selling Quantity
The quantity for the day reached N763.00 million shares, marking a decline from the 810.42 million shares reported on Friday.
FIDELITY emerged as the frontrunner in shopping and selling quantity, with 126.09 million shares exchanged. TRANSCORP carefully adopted, shopping and selling 103.4 million shares.
Diversified considerable transactions included UBA with 73.54 million shares, CAVERTON at 43.67 million shares, and ELLAHLAKES, which noticed 42.14 million shares change fingers.
Procuring and selling Ticket
In phrases of shopping and selling payment, FIDELITYBK also used to be at the stop, collecting N2.08 billion in transactions.
UBA used to be now not some distance in the abet of, contributing N1.8 billion to the entire shopping and selling payment.
OANDO, FBNH, and TRANSCORP also recorded principal shopping and selling values of N1.4 billion, N1.16 billion, and N749 million, respectively.
SWOOT and FUGAZ Replace
- Gigantic-cap shares such as Airtel Africa, BUA Cement, BUA Foods, Dangote Cement, Geregu Vitality, Seplat Vitality, and Transcorp Vitality exhibited balance of their performance.
- Nonetheless, Oando skilled a considerable decline, dropping by 10.00%.
- Within the banking sector, FBNH surged 10.00%, making it the stop-performing stock in the center of the FUGAZ banking team.
- UBA also noticed an very glorious develop of 4.fifty three%. Within the meantime, GTCO, ACCESSCORP, and ZENITHBANK recorded modest gains of 0.21%, 1.84%, and nil.27%, respectively.
OUTLOOK
The index is exhibiting a bullish vogue, amid the resurgence in banking shares that had been previously undergoing a correction.
In consequence, the All-Fragment Index is expected to rise extra in the upcoming weeks eyeing 100,000 functions.
