All-Share Index slips 0.18% regardless of surge in buying and selling quantity, LEGENDINT and ABCTRANS shine
On April twenty ninth, the Nigerian inventory market concluded buying and selling on a down notice, with the All-Share index dropping by 192.96 factors to settle at 105,931.18.
This marks a decline of 0.18% from the day before today’s shut of 106,124.14, because the index slipped beneath the 106,000-threshold.
Every day buying and selling quantity noticed a big improve, surging to 733 million shares, up from 500 million shares reported the day earlier than.
Nevertheless, market capitalization witnessed a slight decline, falling from N66.6 trillion to N66.5 trillion, accompanied by a complete of 16,619 transactions.
When it comes to efficiency, LEGENDINT and ABCTRANS topped the gainers’ listing, rising by 10.00% and 9.94%, respectively.
Conversely, LIVESTOCK and MULTIVERSE skilled notable declines, falling by 9.71% and 9.62%, respectively. Among the many most actively traded stocks, FIDELITYBK and MTNN led the quantity desk.
Market abstract
Present ASI: 105,931.18
Earlier ASI: 106,124.14
Day Change: -0.18%
12 months-to-Date Efficiency: +2.92%
Quantity Traded: 733 million shares
Market Cap: N66.5 trillion
High 5 gainers
LEGENDINT: Up 10.00% to N8.25
ABCTRANS: Up 9.94% to N1.88
CADBURY: Up 9.91% to N32.15
CHAMPION: Up 9.79% to N4.71
ETERNA: Up 9.46% to N48.00
High 5 losers
LIVESTOCK: Down 9.71% to N7.72
MULTIVERSE: Down 9.62% to N7.05
MCNICHOLS: Down 9.47% to N1.72
OMATEK: Down 9.23% to N0.59
MTNN: Down 6.07% to N240.00
Buying and selling quantity
Every day buying and selling quantity skilled a notable improve, rising to 733 million shares, in comparison with 500 million shares reported the day before today.
- FIDELITYBK led the buying and selling exercise, with a considerable 285.1 million shares exchanged.
- MTN carefully adopted with 86.8 million shares traded, whereas UBA demonstrated sturdy investor curiosity with 35.5 million shares altering arms.
- Moreover, UNIVINSURE and GTCO recorded important trades of 29.8 million and 28.5 million shares, respectively.
SWOOT and FUGAZ efficiency
Within the SWOOT class, MTNN noticed a decline of 6.07%.
- Conversely, throughout the FUGAZ group, ZENITHBANK elevated by 2.91%, UBA gained 2.19%, ACCESSCORP rose by 1.48%, and GTCO noticed an uptick of 1.19%.
- On the draw back, FIRSTHOLDCO slipped by 0.20%.
Market outlook
Regardless of the each day decline, the All-Share Index is in restoration mode because it phases corrections above the 105,500 zone. The anticipated rebound in large- and mid-cap stocks is predicted to play an important position, as optimistic worth motion from reactions to favorable market outcomes seeps into the market.
