The Nigerian stock market maintained its upward trajectory because the All-Part Index (ASI) climbed by 325.80 aspects, closing the trading day at 98,540.93 aspects.
This marked yet one other determined session, representing a 0.33% form when put next with the old conclude of 98,215.13 aspects.
Notably, this form was once carried out no matter a dip in market quantity, which fell to 286 million shares from the 304.9 million shares exchanged the day ahead of.
The day’s trading took scream true thru 9,650 deals, with a total market capitalization of N59.70 trillion.
Among the many standout performers of the session had been CHAMPION and TANTALIZER, both recording unparalleled gains. Within the interim, ACCESSCORP, ZENITHBANK, and ARADEL emerged as leaders in trading quantity.
Main the charge amongst the pinnacle gainers, CHAMPION surged by 9.97%, carefully adopted by TANTALIZER with a 9.09% upward push.
On the more than a few hand, the day’s supreme loser was once CAVERTON, which plummeted by 10.00%. TRIPPLEG and CILEASING also confronted substantial losses, with declines of 9.95% and 9.80%, respectively.
Market Summary
- Present ASI: 98,540.93 aspects
- Outdated ASI: 98,215.13 aspects
- Day Substitute: +0.33%
- Yr-to-Date Performance: +31.78%
- Quantity Traded: 286 million shares
- Deals: 9,650
Top 5 Gainers
- CHAMPION: up 9.97% to N3.42
- TANTALIZER: up 9.09% to N0.60
- OANDO: up 7.93% to N77.60
- ARADEL: up 6.09% to N820.00
- ETERNA: up 4.86% to N25.90
Top 5 Losers
- CAVERTON: down 10.00% to N2.34
- TRIPPLEG: down 9.95% to N1.81
- CILEASING: down 9.80% to N3.59
- JAIZBANK: down 9.21% to N2.17
- DEAPCAP: down 9.09% to N1.20
Trading Quantity
Trading quantity fell a shrimp, with 286 million shares changing hands, representing a 5.9% tumble from the day long past by’s 304.9 million shares.
ACCESSCORP led the quantity charts with forty five.94 million shares traded, adopted by ZENITHBANK with 30.37 million shares.
ARADEL, UBA, and VERITASKAP had been also amongst the pinnacle contenders, recording 25.02 million, 16.86 million, and 15.13 million shares traded, respectively.
Trading Trace:
In phrases of trading trace, ARADEL led the pack with transactions totaling a important N20.7 billion.
SEPLAT adopted with N1.17 million in commerce trace, whereas ZENITHBANK and ACCESSCORP posted values of N1.13 million and N928.50 million, respectively. OANDO carried out the checklist with deals worth N773.51 million.
SWOOT and FUGAZ Performance:
The SWOOT stocks—AIRTEL, BUA CEMENT, BUA FOODS, GEREGU POWER, SEPLAT, and DANGOTE CEMENT—remained comparatively stable at some level of the session.
Nonetheless, FUGAZ stocks skilled mixed results. GTCO and ACCESSCORP slipped by 3.21% and 1.28%, respectively.
ZENITHBANK saw no circulation, whereas UBA fell sharply by 7.55% and FBNH dipped a shrimp by 0.76%.
Outlook:
Looking out ahead, the All-Part Index is anticipated to continue its bullish momentum, potentially surpassing the 99,000-level threshold in the impending intervals.
With favorable fundamentals and determined third-quarter results rolling in, investor sentiment is seemingly to remain tilted in direction of the buyside, particularly for monumental-cap stocks, offering additional upward stress on the index.
