The Nigerian inventory market, tracked by the All-Portion Index, ended the shopping and selling day on January 9, 2025, with a vital succeed in of 1,300.01 aspects, closing at a memoir high of 105,530.74.
This sturdy performance no longer most attention-grabbing broke previous the 105,000-barrier but moreover marked a 1.25% construct bigger from the day gone by’s 104,230.73, dismantling the resistance stage of 104,562 that had held since March 2024.
Alternatively, despite the bullish ticket action, shopping and selling volume fell sharply, declining by 23.4%.
The sequence of shares exchanged dropped from 639 million the day sooner than to 489 million on this occasion.
Fueled by the rising prices, market capitalization climbed to N64.3 trillion over 13,010 transactions, a vital uptick from the N63.5 trillion recorded within the prior shopping and selling session.
Amongst the day’s highlights, MTNN and HONYFLOUR delivered stellar performances with gains of 10.00% and 9.89%, respectively, reflecting a surge in investor enthusiasm.
Conversely, RTBRISCOE led the decliners with a vital tumble of 10.00%, closely followed by SUNUASSUR, which fell by 9.99%.
The shopping and selling session modified into characterised by lowered market participation, with UNIVINSURE and AIICO standing out because the most actively traded shares, vastly bolstering the day’s turnover.
Market abstract
- Present ASI: 105,530.74 aspects
- Old ASI: 104,230.73 aspects
- Day Trade: +1.25%
- one year-to-Date Performance: +2.fifty three%
- Quantity Traded: 489 million shares
- Market Cap: N64.3 trillion
Top 5 gainers
- MTNN: up 10.00% to N242.00
- HONYFLOUR: up 9.89% to N9.11
- UNIVINSURE: up 9.86% to N0.78
- TRANSCOHOT: up 9.78% to N127.35
- IKEJAHOTEL: up 9.31% to N13.50
Top 5 losers
- RTBRISCOE: down 10.00% to N2.34
- SUNUASSUR: down 9.99% to N8.11
- TIP: down 9.68% to N2.52
- UPDC: down 9.50% to N1.81
- GUINEAINS: down 8.08% to N0.91
Trading volume
Market shopping and selling volume took winning, declining by 23.4% to an total of 489 million shares exchanged. Despite this downturn, several key avid gamers shone brightly:
- UNIVINSURE led the worth with a heroic 97.2 million shares traded.
- AIICO closely followed, recording 54.2 million shares.
- SOVRENINS secured the third space with 24.9 million shares, while FBNH saw 16.2 million shares change hands.
- GUINEAINS rounded out the tip five with 14.6 million shares traded, indicating a sexy active day amidst the general decline.
Trading ticket
In relation to shopping and selling ticket, SEPLAT dominated the market, producing transactions totaling N4.5 billion, a definite signal of sturdy investor confidence.
- MTNN followed with a wholesome N1.1 billion in trades.
- PRESCO and TRANSCORP contributed N673.6 million and N643.5 million, respectively.
- ARADEL added N638.8 million to the day’s total, showcasing precise engagement all over key counters.
SWOOT and FUGAZ performance
In the SWOOT class:
- MTNN surged impressively, gaining 10%.
As for the FUGAZ shares—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—outcomes differed:
- ZENITHBANK, ACCESSCORP, and UBA all saw gains of 4.49%, 0.82%, and 0.59%, respectively.
- FBNH dipped by 1.27%, while GTCO remained precise, posting no movement for the session.
Market outlook
The All-Portion Index has surpassed the 105,000-point stamp, buoyed by precise bullish sentiment despite the tumble in market volume.
With definite momentum in mid- and big-cap shares, the index could possibly also soon space its sights on powerful the 106,000-point barrier.
