The All-Share Index skilled optimistic value motion on January 20, 2025, gaining 16.68 factors to shut the buying and selling day at 102,370.36.
This displays a slight uptick of 0.02% from Friday’s shut of 102,353.68, as buying and selling quantity noticed a exceptional enhance.
The quantity surged by 304%, rising from 327 million shares the day earlier than to a powerful 1.3 billion shares.
Market capitalization remained regular at N62.8 trillion over 13,891 transactions, nearing the numerous N63 trillion milestone.
Noteworthy particular person performances included CAVERTON, WAPIC, and SCOA, which recorded substantial good points of 10.00%, 9.91%, and 9.68%, respectively.
In distinction, EUNISELL and JOHNHOLT emerged because the notable decliners, posting losses of 9.99% and 9.63%.
General, market exercise mirrored a modest enhance, with WEMABANK and UNIVINSURE main the buying and selling charts as essentially the most actively traded shares, making important contributions to the day’s total turnover.
The market witnessed a powerful surge in buying and selling quantity, rising by 304% to achieve 1.3 billion shares. Key highlights from the buying and selling session embrace:
When it comes to buying and selling worth, the session was dominated by:
SWOOT and FUGAZ efficiency
Within the SWOOT class:
For the FUGAZ group, which incorporates FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, efficiency was blended:
Whereas as we speak’s good points might seem modest, they recommend a possible correction and current a sexy entry level for buyers following the earlier retracement.
Anticipation is probably going being constructed for the forthcoming This fall earnings studies from giant and mid-cap shares, set for launch in late January and early February, that are anticipated to elicit optimistic market reactions.
