Market Wrap: All-Fragment Index climbs 0.13% as PRESCO, BETAGLAS, and a form of advancers shine 

The Nigerian stock market, tracked by the All-Fragment Index, concluded the trading session on February 3, 2025, on a undeniable discover, gaining 134.18 components to shut at 104,630.30.

This shows a 0.13% prolong from the earlier shut of 104,496.12, which had placed the index below the 104,500-threshold.

Significantly, trading volume experienced a broad decline, falling by 56% from 1.1 billion shares on the earlier trading day to 510.5 million.

Market capitalization remained stable, surpassing the N64 trillion threshold at N64.72 trillion, due to 14,611 offers.

When it comes to individual stock efficiency, PRESCO and BETAGLAS recorded impressive features of 10.00% each. Conversely, UPL and OMATEK confronted declines of 10.00% and 9.88%, respectively.

Moreover, FBNH and ZENITHBANK emerged as leaders in trading activity, critically influencing the day’s turnover.

Market summary    

• Contemporary ASI: 104,630.30 components
• Previous ASI: 104,496.12 components
• Day Substitute: 0.13%
• Year-to-Date Performance: +1.66%
• Quantity Traded: 510.5 million shares
• Market Cap: N64.7 trillion

Top 5 gainers  

• PRESCO: up 10.00% to N643.50
• BETAGLAS: up 10.00% to N78.65
• OKOMUOIL: up 9.ninety nine% to N537.20
• NNFM: up 9.98% to N66.65
• CHELLARAM: up 9.95% to N7.18

Top 5 losers    

• UPL: down 10.00% to N5.04
• OMATEK: down 9.88% to N0.73
• SCOA: down 9.83% to N3.67
• LASACO: down 8.33% to N2.75
• NGXGROUP: down 8.14% to N27.10

Trading volume   

The trading volume experienced a broad decline of 56%, shedding from 1.1 billion shares to 510.5 million.

• FBNH led the market with a formidable 83.90 million shares traded.
• ZENITHBANK carefully adopted, contributing 54.5 million shares.
• UNIVINSURE secured the third web page online with 32.5 million shares traded.
• UBA and FIDELITYBK also made worthy contributions, with 31.5 million and 19.4 million shares traded, respectively.

Trading price   

When it comes to trading price, the session changed into dominated by:

• ZENITHBANK, reaching transactions worth N2.7 billion.
• FBNH contributed a distinguished N2.4 billion.
• UBA and ARADEL added N1.1 billion and N771.3 million, respectively.
• MTNN rounded off the day with N720 million in trades.

SWOOT and FUGAZ efficiency   

• Within the SWOOT category, OANDO and MTNN recorded features of 1.24% and zero.15%, respectively, whereas WAPCO experienced a decline of 1.13%.

The FUGAZ community exhibited mixed outcomes:   

• FBNH, ZENITHBANK, and UBA fell by 1.50%, 1.19%, and zero.fifty three%, respectively.
• GTCO and ACCESSCORP reported no ticket movements.

Market outlook   

The market appears dwelling finally tendencies, with an inflow of monetary ends up in unhurried January and early February. This might per chance potentially propel the index past the 105,000 stamp over all every other time.

If the index maintains bullish momentum above the 104,500-barrier without being seen as overbought, it might per chance well also simply continue its ascent beyond the 105,000-threshold.