The Nigerian All-Share Index concluded the buying and selling day on January 8, 2025, with a notable rise, climbing by 831.91 factors to settle at 104,230.73.
This sturdy efficiency surpassed the 104,000 mark, rising 0.80% from yesterday’s 103,398.32, with buyers now eyeing an in depth above 104,500 factors, final achieved within the first quarter of 2024.
Nevertheless, regardless of the constructive worth motion, buying and selling quantity skilled a big decline, dipping by 42.5%.
The amount fell from 1.1 billion shares exchanged the day earlier than to 639 million shares on this event.
Buoyed by the ascent in worth, market capitalization rose to N63.5 trillion over 13,551 transactions, a notable improve from the N63 million recorded within the prior buying and selling day.
Among the many day’s standout performers, MTNN and TRANSCORP each achieved spectacular beneficial properties of 10.00%, reflecting heightened investor curiosity.
Conversely, SUNUASSUR led the decliners with a steep drop of 9.99%, whereas UNIVINSURE adopted intently behind with a decline of 8.97%.
The buying and selling session was marked by diminished market participation, with FBNH and TANTALIZER rising as probably the most actively traded shares, considerably contributing to the day’s turnover.
Market abstract
Prime 5 gainers
Prime 5 losers
Market buying and selling quantity witnessed a pointy decline of 42.5%, culminating within the change of 639 million shares. Regardless of the decrease general exercise, key gamers emerged:
By way of buying and selling worth, GEREGU dominated the market with transactions totaling N11.3 billion, signaling sturdy investor confidence.
SWOOT and FUGAZ efficiency
Within the SWOOT class, efficiency was combined:
The FUGAZ shares—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—additionally had diverse outcomes:
Market outlook
