Market Wrap: All-Section tops 105,000; FUGAZ shares up, ACCESSCORP hits N12.5 billion trading designate 

The Nigerian stock market, tracked by the All-Section Index, concluded the trading session on February 5, 2025, on a fair correct show conceal, gaining 536.54 capabilities to close at 105,324.89.

This reflects a 0.51% elevate from the earlier close of 104,788.35, as the index corrected encourage to the 105,000-barrier, which it hit on January 9, 2025.

Procuring and selling volume additionally witnessed a surge, rising by 124% from N471.6 billion recorded the day gone by to N1 billion shares.

Market capitalization soared previous N65 trillion, closing the day at N65.22 trillion over 15,080 gives.

By manner of particular particular person stock performance, GUINEAINS and ETERNA recorded impressive beneficial properties of 10.00% and 9.96%, respectively.

Conversely, MAYBAKER and ACADEMY confronted declines of 9.88% and 9.33%, respectively. Additionally, ACCESSCORP and FBNH emerged as leaders in trading job, vastly influencing the day’s turnover.

Market summary     

• Modern ASI: 105,324.89 capabilities
• Old ASI: 104,788.35 capabilities
• Day Alternate: 0.51%
• Year-to-Date Performance: +2.33%
• Quantity Traded: 1 billion shares
• Market Cap: N65.2 trillion

Top 5 gainers   

• GUINEAINS: up 10.00% to N0.88
• ETERNA: up 9.96% to N30.35
• CADBURY: up 9.95% to N24.30
• INTENEGINS: up 9.91% to N2.33
• FBNH: up 9.56% to N32.10

Top 5 losers     

• MAYBAKER: down 9.88% to N7.75
• ACADEMY: down 9.33% to N2.72
• THOMASWY: down 9.31% to N1.85
• DEAPCAP: down 6.80% to N0.96
• TIP: down 6.72 to N3.47

Procuring and selling volume 

The trading volume skilled a vital surge of 124%, rising to 1 billion shares from 471.6 million.

• ACCESSCORP led the market with a dauntless 473.2 million shares traded.
• FBNH intently adopted, contributing ninety nine million shares.
• UACN secured the third space with 46.3 million shares traded.
• ZENITHBANK and AIICO additionally made great contributions, with 44.7 million and 33.1 million shares traded, respectively.

Procuring and selling designate 

By manner of trading designate, the session became dominated by:

• ACCESSCORP, achieving transactions charge N12.5 billion.
• FBNH contributed a valuable N3 billion.
• ZENITHBANK and UACN added N2.2 billion and N1.6 billion, respectively.
• MTNN rounded off the day with N1.3 billion in alternate.

SWOOT and FUGAZ performance 

• Within the SWOOT category, OANDO and WAPCO recorded beneficial properties of 2.26% and 0.64%, respectively.

The FUGAZ group exhibited sure outcomes, with all members ending in the inexperienced:

• FBNH soared by 9.56%, adopted by ACCESSCORP with a 6.31% assemble.

• GTCO, ZENITHBANK, and UBA each obtained 3.23%, 1.63%, and 0.67%, respectively.

Market outlook 

The market appears design indubitably trends, with an influx of industrial ends in silly January and early February.

If the index maintains bullish momentum above the 105,000-barrier with out being considered as overbought, it could maybe per chance per chance continue its ascent previous the 106,000-threshold, making a contemporary high.