Nigerian All-share Index declines 0.07% regardless of surge in market quantity 

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The Nigerian All-Share Index (ASI) fell by 0.07%, down 64.88 factors to shut at 98,458.68, at the same time as market quantity surged, on September 27, 2024.

Notably, stocks like BETAGLASS and MEYER achieved outstanding beneficial properties, each rising over 9%, whereas JAPAULGOLD led in buying and selling quantity.

A complete of 797 million shares modified arms, marking a major 131% enhance from the 344 million traded the day past, throughout 7,764 transactions.

BETAGLASS emerged as the highest performer, climbing 10.00%, adopted carefully by MEYER, which gained 9.93%.

On the draw back, CAVERTON skilled the most important decline, dropping 9.76%, whereas NNFM and UPL additionally noticed notable losses of 9.50% and eight.85%, respectively.

Market Snapshot  

  • Present ASI: 98,458.68 factors
  • Earlier ASI: 98,523.58 factors
  • Yr-to-Date Efficiency: +31.67%
  • Quantity Traded: 797 million shares

High 5 Gainers  

  • BETAGLAS: up 10.00% to N48.95
  • MEYER: up 9.93% to N7.75
  • DEAPCAP: up 9.90% to N1.11
  • ELLAHLAKES: up 9.82% to N4.92
  • ABBEYBDS: up 9.65% to N2.50

High 5 losers  

  • CAVERTON: down 9.76% to N2.68
  • NNFM: down 9.39% to N17.85
  • UPL: down 8.85% to N2.37
  • MCNICHOLS: down 8.57% to N1.60
  • ABCTRANS: down 7.83% to N1.15

Buying and selling Quantity 

At present, buying and selling quantity surged to 797 million shares, a notable rise from the 344 million shares reported on Thursday.

JAPAULGOLD dominated the market with a formidable 591.2 million shares traded, adopted by UBA with 27.8 million shares.

Different important transactions included ZENITHBANK with 11.7 million shares, ACCESSCORP at 11.4 million shares, and TRANSCORP, which skilled 106.6 million shares altering arms.

Buying and selling Worth 

When it comes to buying and selling worth, JAPAULGOLD led the pack with an impressive N1.4 billion in transactions, whereas OANDO carefully trailed with N771.63 billion.

Different noteworthy contributions got here from SEPLAT with N745 million, UBA at N717 million, and ZENITHBANK, which attracted N442 million.

SWOOT and FUGAZ Replace 

  • Massive-cap stocks, together with Airtel Africa, BUA Cement, BUA Meals, Dangote Cement, Geregu Energy, Seplat Power, and Transcorp Energy, remained steady.
  • In the meantime, OANDO skilled a notable enhance in its share worth, climbing by 3.01%.
  • In distinction, throughout the FUGAZ group, FBNH and ZENITHBANK encountered slight setbacks, with declines of 4.58% and 0.13%, respectively.
  • Each ACCESSCORP and UBA maintained their positions with none fluctuations, remaining regular at 0.00%.
  • Conversely, GTCO managed to attain a modest but optimistic enhance of 1.94%.

Outlook 

Regardless of in the present day’s dip, the index is exhibiting indicators of a possible correction that might push it previous the 99,000-mark, at the moment holding regular round 98,000.

Constructive actions from large-cap stocks throughout the index could also be instrumental in driving it ahead.


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