The Nigerian equities market continued its optimistic momentum on January 3, 2025, with the All-Share Index (ASI) advancing by 406.19 factors to shut at 103,586.33.
This marked a 0.39% improve from the day gone by’s shut of 103,180.14, because the market maintained its sturdy begin to the yr.
Regardless of the positive aspects, buying and selling quantity took a dip, declining by 14% from 829 million shares traded on January 2 to 709 million shares.
On the brighter facet, the market capitalization climbed previous the N63 trillion mark, closing at a powerful N63.1 trillion, solidifying investor confidence.
High gainers for the day included CHAMS, which soared by 10.00%, alongside OMATEK with an similar 10.00% improve.
Nonetheless, not all shares loved the bullish sentiment. TOTAL led the decliners, dropping 9.74%, adopted by CWG, which fell 6.04%.
Exercise on the buying and selling ground was dominated by CHAMS and VERITASKAP, which emerged as probably the most actively traded shares, contributing considerably to the day’s turnover.
Regardless of the market’s total optimistic trajectory, buying and selling quantity noticed a 14% decline, with 709 million shares exchanged in comparison with the earlier session.
Heavyweight shares dominated by buying and selling worth, drawing substantial institutional curiosity.
Among the many SWOOTs, WAPCO was the only real gainer, recording a 2.51% improve.
Inside the FUGAZ group (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK):
The Nigerian All-Share Index broke by means of the 103,000-mark, sustaining a robust begin to the yr.
With the psychological threshold of 104,000, final reached in March 2024, now close by, the market’s trajectory is more likely to hinge on January’s funding exercise.
Anticipated optimistic This autumn 2024 company outcomes might present the momentum wanted to propel the index additional.
