The Nigerian All-Share Index (ASI) closed on Christmas Eve, at 102,186.03, reflecting a whooping acquire of 829.88 factors.
This 0.82% rise suggests rising investor optimism because the index eyes March’s excessive above 104,000.
Regardless of the surge, buying and selling quantity decreased, with solely 397 million shares exchanged, down 20% from the earlier session’s 503 million.
The market capitalization neared N62 trillion, wrapping up the day at N61.9 trillion, supported by 8,369 transactions.
MRS emerged as the highest gainer, hovering by 10.00%, adopted carefully by IKEJAHOTEL at 9.95% and MULTIVERSE at 9.90%.
In distinction, THOMASWY confronted the most important decline, dropping 10.00%, with CAVERTON not far behind at a lower of seven.35%, illustrating a blended sentiment amongst traders.
Notably, UBA and UNIVINSURE had been essentially the most actively traded shares, capturing important investor curiosity and contributing notably to the day’s turnover.
Whereas the market maintained an general constructive trajectory, buying and selling quantity took a big dip, reducing by 20% with 397 million shares exchanged in comparison with the earlier session.
Heavyweight shares dominated the buying and selling panorama by worth, drawing appreciable institutional curiosity.
SWOOT and FUGAZ Efficiency
For SWOOTs, MTNN surged by a formidable 8.99%, adopted by OANDO at 3.62% and WAPCO at 1.47%.
Amongst FUGAZ shares (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK).
Outlook
