Market Wrap: Nigerian inventory market hits N64 trillion cap as MTNN and HONYFLOUR lead

The Nigerian inventory market, tracked by the All-Share Index, ended the shopping and selling day on January 9, 2025, with a major create of 1,300.01 positive aspects, closing at a yarn high of 105,530.74.
This tough efficiency now not handiest broke past the 105,000-barrier however also marked a 1.25% amplify from the day gone by’s 104,230.73, dismantling the resistance stage of 104,562 that had held since March 2024.
However, no topic the bullish tag action, shopping and selling quantity fell sharply, declining by 23.4%.
The amount of shares exchanged dropped from 639 million the day ahead of to 489 million on this occasion.
Fueled by the rising costs, market capitalization climbed to N64.3 trillion over 13,010 transactions, a major uptick from the N63.5 trillion recorded in the prior shopping and selling session.
Amongst the day’s highlights, MTNN and HONYFLOUR delivered stellar performances with beneficial properties of 10.00% and 9.89%, respectively, reflecting a surge in investor enthusiasm.
Conversely, RTBRISCOE led the decliners with a significant plunge of 10.00%, carefully followed by SUNUASSUR, which fell by 9.ninety 9%.
The shopping and selling session used to be characterised by reduced market participation, with UNIVINSURE and AIICO standing out as essentially the most actively traded stocks, very a lot bolstering the day’s turnover.
Market summary
- Fresh ASI: 105,530.74 positive aspects
- Earlier ASI: 104,230.73 positive aspects
- Day Alternate: +1.25%
- 300 and sixty five days-to-Date Performance: +2.Fifty three%
- Quantity Traded: 489 million shares
- Market Cap: N64.3 trillion
Top 5 gainers
- MTNN: up 10.00% to N242.00
- HONYFLOUR: up 9.89% to N9.11
- UNIVINSURE: up 9.86% to N0.78
- TRANSCOHOT: up 9.78% to N127.35
- IKEJAHOTEL: up 9.31% to N13.50
Top 5 losers
- RTBRISCOE: down 10.00% to N2.34
- SUNUASSUR: down 9.ninety 9% to N8.11
- TIP: down 9.68% to N2.52
- UPDC: down 9.50% to N1.81
- GUINEAINS: down 8.08% to N0.91
Trading quantity
Market shopping and selling quantity took a success, declining by 23.4% to a total of 489 million shares exchanged. No topic this downturn, several key players shone brightly:
- UNIVINSURE led the tag with an impressive 97.2 million shares traded.
- AIICO carefully followed, recording 54.2 million shares.
- SOVRENINS secured the third space with 24.9 million shares, while FBNH saw 16.2 million shares commerce arms.
- GUINEAINS rounded out the pinnacle five with 14.6 million shares traded, indicating a reasonably active day amidst the total decline.
Trading tag
Through shopping and selling tag, SEPLAT dominated the market, generating transactions totaling N4.5 billion, a transparent worth of tough investor self assurance.
- MTNN followed with a wholesome N1.1 billion in trades.
- PRESCO and TRANSCORP contributed N673.6 million and N643.5 million, respectively.
- ARADEL added N638.8 million to the day’s total, showcasing solid engagement all the intention in which via key counters.
SWOOT and FUGAZ efficiency
Within the SWOOT category:
- MTNN surged impressively, gaining 10%.
As for the FUGAZ stocks—comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—outcomes differed:
- ZENITHBANK, ACCESSCORP, and UBA all saw beneficial properties of 4.49%, 0.82%, and zero.59%, respectively.
- FBNH dipped by 1.27%, while GTCO remained proper, posting no wobble for the session.
Market outlook
The All-Share Index has surpassed the 105,000-point designate, buoyed by solid bullish sentiment no topic the plunge in market quantity.
With particular momentum in mid- and big-cap stocks, the index would possibly possibly also soon blueprint its sights on essential the 106,000-point barrier.