The Nigerian All-Share Index closed the buying and selling session on September 17 in optimistic territory, gaining 489.5 factors to settle at 142,036.2.
This represents a 0.35% enhance from yesterday’s shut of 141,546.8, because the Nigerian inventory market reclaimed ranges above 142,000.
Buying and selling exercise surged, with the variety of shares exchanged reaching 1 billion, up from 414 million yesterday.
Market capitalization additionally strengthened, rising to N89.8 trillion throughout 23,281 offers, because the market eyes a return to the N90 trillion mark.
- On the gainers’ board, Chellarams Plc (CHELLARMS) and Austin Laz & Firm Plc (AUSTINLAZ) led the cost, climbing 9.77% and 9.67%, respectively.
- On the dropping facet, Guinea Insurance coverage Plc (GUINEAINS) and Cornerstone Insurance coverage Plc (CORNEST) dipped 9.70% and eight.68%, respectively.
Quantity leaders for the day have been Abbey Mortgage {Bank} Plc (ABBEYBDS) and Constancy {Bank} Plc (FIDELITYBK), which accounted for the majority of buying and selling exercise with 401 million and 254.8 million shares exchanged, respectively.
Market abstract
- Present ASI: 142,036.2
- Earlier ASI: 141,659.0
- Day Change: +0.35
- 12 months-to-Date Efficiency: +38%.
- Quantity Traded: 1 billion shares
- Market Cap: N89.86 trillion.
Prime 5 gainers
- CHELLARAM: Up 9.77% to N14.60
- AUSTINLAZ: Up 9.67% to N2.95
- TIP: Up 8.08% to N12.97
- SOVRENINS: Up 7.37% to N3.06
- ARADEL: Up 6.97% to N583.00
Prime 5 losers
- GUINEAINS: Down 9.70% to N1.49
- CORNEST: Down 8.68% to N6.52
- LEGENDINT: Down 7.27% to N5.10
- DEAPCAP: Down 7.06% to N1.58
- THOMASWY: Down 6.49% to N2.45
Buying and selling quantity
Market exercise strengthened as buying and selling quantity climbed to 1 billion shares from 414 million shares within the earlier session.
- ABBEYBDS led the exercise chart with 401 million shares traded.
- FIDELITYBK adopted with 254.8 million shares.
- UBA got here in third at 23.2 million shares.
- FIRSTHOLDCO and ACCESSCORP rounded out the highest 5 with 22.5 million and 17.4 million shares, respectively.
Buying and selling worth
When it comes to worth, ARADEL dominated the market with trades value N6.8 billion.
- FIDELITYBK trailed with N5.2 billion.
- ABBEYBDS recorded N2.7 billion.
- DANGCEM posted N1.5 billion.
- UBA accomplished the highest 5 at N1 billion.
SWOOT & FUGAZ efficiency
The SWOOTs (Stocks Price Over One Trillion Naira) posted a blended efficiency.
- ARADEL gained 6.97%, INTERNATIONAL BREWERIES reached 6.96%, DANGOTE CEMENT rose 0.98%, NIGERIAN BREWERIES gained 0.29%
- On the flip facet, LAFARGE slipped 2.34%
Among the many FUGAZ stocks, efficiency was additionally uneven:
- FIRSTHOLDCO gained 5.03%, whereas ACCESSCORP closed flat.
- ZENITHBANK fell 1.25%, GTCO dipped 1.05%, UBA declined 0.53%
Market outlook
The All-Share Index seems to be rebounding from the current pullback, with some beforehand dormant large-cap stocks starting to surge.
If the present bullish momentum in choose large-cap stocks continues, the market may prolong its restoration and doubtlessly reclaim the 143,000 degree within the close to time period.
