The Nigerian stock market ended Thursday’s session on a positive note, with the All-Share Index (ASI) gaining 637.30 points (0.53%) to close at 120,977.20, rebounding from recent dips.
Despite a slowdown in trading activity, the market capitalization strengthened, rising to ₦76.5 trillion, maintaining a firm hold above the ₦76 trillion threshold.
Market Activity Highlights:
- Volume traded: 933.4 million shares (down from 1.04 billion the previous day)
- Deals: 24,207 transactions
- Year-to-date performance: +17.54%
Top Gainers (10% gains unless noted):
- GUINEAINS: ₦0.99 (+10%)
- DEAPCAP: ₦1.10 (+10%)
- BERGER: ₦33.00 (+10%)
- ACADEMY: ₦5.61 (+10%)
- UNILEVER: ₦56.85 (+9.96%)
Top Losers:
- NEIMETH: ₦7.22 (-8.49%)
- LEGEND INTERNET: ₦7.73 (-7.98%)
- CWG: ₦13.80 (-4.50%)
- SOVRENINS: ₦1.32 (-4.35%)
- VFDGROUP: ₦13.50 (-3.57%)
Most Active Stocks by Volume:
- UNIVINSURE: 67.3 million shares
- ACCESSCORP: 62.6 million shares
- CHAMS: 59.7 million shares
- JAPAULGOLD: 49.4 million shares
- GTCO: 40.6 million shares
Highest Value Trades:
- SEPLAT: ₦13.5 billion
- GTCO: ₦3.3 billion
- NIGERIAN BREWERIES: ₦1.8 billion
- ACCESSCORP: ₦1.4 billion
- ZENITHBANK: ₦983.9 million
SWOOTs & FUGAZ Banking Sector Performance:
- WAPCO (SWOOT): +2.05%
- GTCO: +3.44%
- UBA: +2.81%
- ZENITHBANK: +1.75%
- ACCESSCORP: -2.6%
- FIRSTHOLDCO: -0.9%
Market Outlook
Thursday’s rally suggests renewed investor confidence after last week’s dip below the 120,000 mark. The momentum indicates potential for further gains in upcoming sessions as market participants position for continued growth.
