Market Wrap: Nigerian inventory market ends in inexperienced as five ‘top gainers’ surge over 10% real away, AUSTINLAZ leads decliners

The Nigerian inventory market tracked by the All-Share Index (ASI) ended within the inexperienced on December 23, 2024, with a modest invent of 227.06 aspects, closing at 101,356.15, a rise of 0.22% as it approaches the 101,500-impress.
Then again, market quantity dipped from 513 million shares to 503 million shares, reflecting a 2% lower from the closing session.
Market capitalization remained approved above the N61 trillion threshold, finishing the day at N61.4 trillion, supported by 12,490 transactions.
Leading the gainers had been OKOMUOIL, CHAMPION, MANSARD, MRS, and LIVINGTRUST, all rising by 10.00%.
On the downside, AUSTINLAZ was the supreme decliner, dropping 9.84%, intently adopted by ARADEL, which fell 9.64%, reflecting a mixed sentiment available within the market.
In trading task, GTCO and JAPAULGOLD had been the most actively traded stocks, attracting critical investor hobby and contributing to market turnover.
Market summary
- Fresh ASI: 101,356.15 aspects
- Earlier ASI: 101,129.09 aspects
- Day Switch: +0.22%
- one year-to-Date Performance: +35.55%
- Quantity Traded: 503.1 million shares
- Market Cap: N61.4 trillion
High 5 Gainers
- OKOMUOIL: up 10.00% to N403.70
- CHAMPION: up 10.00% to N4.18
- MANSARD: up 10.00% to N8.25
- MRS: up 10.00% to N198.00
- LIVINGTRUST: up 10.00% to N3.63
High 5 Losers
- AUSTINLAZ: down 9.84% to N1.65
- ARADEL: down 9.64% to N600.00
- OANDO: down 8.63% to N63.50
- VERITASKAP: down 4.44% to N1.29
- OMATEK: down 4.41% to N0.65
Shopping and selling quantity
No topic the market’s overall certain trajectory, trading quantity skilled a significant decline of two%, with 503 million shares exchanged compared to the prior session.
- GTCO emerged as the quantity leader, trading 39.3 million shares.
- JAPAULGOLD maintained procure momentum, following intently with 35.7 million shares.
- ZENITHBANK secured the third snort with 34.6 million shares exchanged.
- UBA contributed 26.3 million shares to the day’s total.
- UNIVINSURE rounded out the stop five with 25.5 million shares traded.
Shopping and selling cost
Heavyweight stocks dominated trading by cost, attracting critical institutional hobby:
- ARADEL led with transactions rate N3.7 billion, reflecting sturdy investor confidence.
- GTCO adopted intently with trades valued at N2.25 billion.
- ZENITHBANK and TOTAL posted trading values of N1.5 billion and N1 billion, respectively.
- UBA completed the stop five with N912 million in transactions.
SWOOT and FUGAZ efficiency
- ARADEL, OANDO, and WAPCO declined by 9.64%, 8.63%, and nil.73%, respectively.
- In distinction, MTNN recorded a invent of 1.42%.
FUGAZ stocks (FBNH, UBA, GTCO, ACCESSCORP, ZENITHBANK):
- All FUGAZ stocks closed within the inexperienced, with UBA main at 3.70%, adopted by GTCO at 3.07% and ACCESSCORP at 2.29%.
- FBNH and ZENITHBANK also posted gains of 1.31% and nil.33%, respectively.
Outlook
The Nigerian All-Share Index stays on a sturdy upward trajectory, closing above 101,300 aspects as it approaches the 102,000-level barrier.
Endured gains in mid- and good-cap stocks could well power extra will enhance in market capitalization, sustaining the bullish momentum.
Izuchukwu Okoye
Okoye Izuchukwu is a financial market creator and vendor with large expertise in both Nigerian and worldwide markets. With a intriguing look for market tendencies and a passion for insightful evaluation, he interprets advanced financial ideas into attractive suppose. By combining ultimate trading expertise with thorough study, Okoye offers treasured views that empower readers to compose urged decisions within the ever-evolving world of finance.