Tracked by the All-Share Index, the Nigerian inventory market closed optimistic on August 26, gaining 321.59 factors and increasing its successful streak to a 3rd straight session after a bearish run the earlier week.
Closing at 141,761.36 in comparison with a gap of 141,439.77, the index superior 0.23%, bringing year-to-date efficiency to 37.7%.
Buying and selling exercise additionally picked up, with buying and selling quantity climbing to 605 million shares in comparison with 591.2 million shares the day earlier than.
Market capitalization superior to N89.6 trillion throughout 28,845 offers, edging nearer to the N90 trillion mark.
- NCR and SFSREIT topped the gainers’ chart, rising 10% and 9.99% respectively, whereas LEGENDINT and NSLTECH led the losers with declines of 10.00% and 9.26%.
- On the exercise aspect, FCMB and VERITASKAP recorded the very best buying and selling volumes of the day.
Market abstract
- Present ASI: 141,761.36
- Earlier ASI: 141,439.77
- Day Change: +0.23%
- Yr-to-Date Efficiency: +37.73%
- Quantity Traded: 605 million shares
- Market Cap: N89.69 trillion
Prime 5 gainers
- NCR: Up 10.00% to N11.55
- SFSREIT: Up 9.99% to N301.55
- BERGER: Up 9.06% to N34.90
- BETAGLAS: Up 8.16% to N486.00
- CADBURY: Up 8.04% to N62.50
Prime 5 losers
- LEGENDINT: Down 10.00% to N5.40
- NSLTECH: Down 9.26% to N0.98
- CUTIX: Down 8.97% to N3.55
- UACN: Down 8.69% to N73.00
- DEAPCAP: Down 8.29% to N1.66
Buying and selling quantity
Market exercise strengthened as quantity rose to 605 million shares from 591.2 million shares the day before today.
- FCMB led the chart with 89.2 million shares traded, adopted by VERITASKAP with 68.4 million shares, reflecting sustained investor curiosity.
- AIICO ranked third with 36.1 million shares, whereas NSLTECH and MBENEFIT rounded out the highest 5 with 27.2 million and 23.5 million shares, respectively.
Buying and selling worth
By way of worth, LAFARGE dominated with trades value N1.6 billion.
- MTN adopted with N1.4 billion, whereas GTCO posted N1.1 billion.
- FCMB recorded N980.7 million, and ZENITHBANK closed the record with N608.9 million.
SWOOT & FUGAZ efficiency
SWOOTs (Shares Price Over One Trillion Naira) had a blended outing.
- INTERNATIONAL BREWERIES gained 3%, whereas FIDELITY BANK superior 1.92%.
- On the draw back, LAFARGE slipped 0.41%.
Among the many FUGAZ shares, GTCO gained 2.03%, UBA rose 0.94%, ZENITHBANK added 0.86%, and ACCESSCORP edged up 0.18%.
- FIRSTHOLDCO was unchanged.
Market outlook
All-Share Index appears to be staging a light correction from final week’s decline, when it dropped to a low of 140,332.4.
The present rebound factors to a gradual restoration in investor sentiment. If momentum continues and bullish exercise persists in large-cap shares, the index may retest the 142,000 degree within the close to time period.