The Nigerian inventory market, tracked by the All-Share Index, skilled a downturn on January 7, 2025, closing decrease by 249.42 factors at 103,398.82.
This decline represents a modest lower of 0.24% from the day gone by’s closing determine of 103,648.24, regardless of a noteworthy improve in buying and selling exercise.
Buying and selling quantity soared by 30%, rising from 855 million shares to a formidable 1.1 billion shares—the best each day buying and selling quantity recorded to date in early January 2025.
Market capitalization skilled a slight contraction, falling to N63 trillion from N63.1 trillion, throughout 16,617 transactions.
Among the many day’s performers, ABBEYBDS and PZ each gained 10.00%, reflecting some investor curiosity.
On the draw back, RTBRISCOE led the decline, dropping by 10.00%, with VERITASKAP following carefully behind with the identical share loss.
The buying and selling session was characterised by vigorous market participation, with FBNH and AIICO rising as probably the most actively traded shares, taking part in a major position within the day’s turnover.
Buying and selling quantity out there surged by 30%, culminating within the alternate of 1.1 billion shares.
FBNH additionally emerged because the frontrunner by way of buying and selling worth, with transactions totaling N4.7 billion, reflecting sturdy investor curiosity.
Among the many SWOOT shares, WAPCO skilled a decline of 9.73%, with OANDO trailing at a lower of 0.94%.
Within the FUGAZ group—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—efficiency was blended:
Though the market closed within the pink, the All-Share Index is supported by constructive sentiment and powerful basic situations, positioning it to seemingly attain the numerous milestone of 104,000 factors, a stage final seen in March 2024.
A sturdy earnings report for This fall 2024, prone to be launched in January and early February, may additional drive the index towards this goal.
