All-Share Index reclaims 108,000 as Nigeria’s 4th-largest inventory beneficial properties over 9%; ECOBANK leads advancers 

This upswing propelled the index past the psychological thresholds of 107,000 and 108,000, because it eyes the 109,000 barrier.

The 1.56% achieve from the earlier shut of 106,698.50 was fueled by sturdy performances from large-cap shares, notably MTN Nigeria; the fourth most useful listed firm on the trade, and Aradel Holdings, which rose by 9.2% and seven.6%, respectively.

Regardless of the bullish momentum, buying and selling quantity dipped barely to 475.4 million shares, down from the 569 million recorded the day past.

Nonetheless, the surge in fairness costs lifted general market capitalization, which rebounded to N68.1 trillion throughout 17,575 transactions—up from N67.06 trillion beforehand.

Main the cost among the many high gainers have been ECOBANK, NORTHERN NIGERIA FLOUR MILLS, and NESTLÉ, every advancing by the utmost each day restrict of 10%.

On the flip aspect, GUINEAINS and DAARCOMM topped the checklist of laggards, declining by 8.70% and 6.78%, respectively.

When it comes to buying and selling exercise, ACCESSCORP and GTCO emerged as probably the most actively traded equities, dominating the day’s turnover.

Market abstract 

• Present ASI: 108,361.10
• Earlier ASI: 106,698.50
• Day Change: +1.56%
• 12 months-to-Date Efficiency: +5.28%
• Quantity Traded: 475.4 million shares
• Market Cap: N68.1 trillion

High 5 gainers 

• ETI: Up 10.00% to N25.85
• NNFM: Up 10.00% to N82.50
• NESTLE: Up 10.00% to N1,210.00
• BETAGLAS: Up 9.98% to N132.80
• AUSTINLAZ: Up 9.94% to N1.88

High 5 losers 

• GUINEAINS: Down 8.70% to N0.63
• DAARCOMM: Down 6.78% to N0.55
• VFDGROUP: Down 6.59% to N17.00
• WAPIC: Down 6.07% to N2.01
• REGALINS: Down 4.69% to N0.61

Buying and selling quantity 

Each day buying and selling quantity stood at 475.4 million, representing a slight decline in comparison with the 569 million shares exchanged the day past.

• ACCESSCORP emerged because the frontrunner in buying and selling exercise, with a notable 103.9 million shares exchanged.
• GTCO intently adopted, recording 37.9 million shares traded.
• UBA attracted vital investor curiosity, with 30.7 million shares altering palms.
• Moreover, STERLINGNG and ZENITHBANK achieved substantial trades of 27.1 million and 26.1 million shares, respectively.

Buying and selling worth 

• When it comes to worth, GTCO led the pack at N2.4 billion, adopted by ACCESSCORP with N2.2 billion.

• ZENITHBANK reported a buying and selling worth of N1.2 billion, whereas UBA stood at N1.03 billion and ARADEL at N943.8 million.

SWOOTs and FUGAZ 

Analyzing the SWOOT class, ARADEL excelled, hovering by 7.58%, whereas MTNN recorded a surge of 9.16%.

• On the FUGAZ aspect, all shares on this class ended within the inexperienced.

• ZENITHBANK gained 2.24%, GTCO climbed 2.44%, UBA elevated by 1.77%, ACCESSCORP moved up by 0.95%, and FIRSTHOLD gained 0.20%.

Market outlook 

The All-Share Index has regained its bullish momentum, setting its sights as soon as once more on the 109,000 mark.

Continued upward motion, notably in mid- and large-cap shares, might present the surge wanted to push the index past the 109,000 threshold—and doubtlessly towards the 110,000 stage within the close to time period.