DANGOTE SUGAR hits 10% each day achieve as ASI slips, FUGAZ shares dominate quantity

The Nigerian All-Share Index (ASI) closed decrease on September 24, shedding 213.5 factors to settle at 140,716.1.

This marks a 0.15% decline from yesterday’s 140,929.6 and extends the market’s dropping streak to 4 consecutive periods.

Buying and selling exercise weakened, with quantity dropping to 442.55 million models in comparison with 759.05 million the day earlier than, reflecting diminished market participation.

Market capitalization additionally mirrored the damaging sentiment, slipping to N89.06 trillion from N89.19 trillion throughout 21,684 offers.

DANGOTE SUGAR and MECURE topped the gainers’ listing, advancing 10.00% and 9.95% respectively.
On the losers’ chart, DEAPCAP and LEGEND INTERNET led the pack, declining by 9.42% and 9.26%.

ZENITH BANK, ACCESSCORP, and FIRSTHOLDCO led the amount desk, buying and selling probably the most shares.

Market abstract
Present ASI: 140,716.1
Earlier ASI: 140,929.6
Day Change: -0.15%
12 months-to-Date Efficiency: +36.72%
Quantity Traded: 442.5 million shares
Market Cap: N89.06 trillion.
Prime 5 gainers
DANGSUGAR: Up 10.00% to N59.40
MECURE: Up 9.95% to N23.75
CORNEST: Up 8.00% to N6.48
NSLTECH: Up 8.00% to N0.81
UPDCREIT: Up 5.00% to N7.35
Prime 5 losers
DEAPCAP: Down 9.42% to N1.73
LEGENDINT: Down 9.26% to N4.90
WAPIC: Down 8.75% to N2.92
RTBRISCOE: Down 8.16% to N3.60
MAYBAKER: Down 7.14% to N16.25

Buying and selling quantity

Buying and selling quantity closed at 442.55 million shares, down from yesterday’s 759.05 million, reflecting a decline in market participation.

ZENITH BANK led with 68.9 million shares, adopted by ACCESSCORP with 47.3 million. FIRSTHOLDCO ranked third at 46.1 million shares, whereas FIDELITY BANK and GTCO accomplished the highest 5 with 42.3 million and 22.8 million shares, respectively.

Buying and selling worth

By way of worth, Zenith Bank dominated with trades value N4.7 billion.
MTNN adopted with N2.1 billion, GTCO posted N2.07 billion.
FIRSTHOLDCO recorded N1.4 billion, and ACCESSCORP closed the listing with N1.1 billion.

SWOOT & FUGAZ Efficiency

Shares Price Over One Trillion Naira (SWOOTs) confirmed blended outcomes as INTERNATIONAL BREWERIES gained 1.91% and LAFARGE superior 1.75%.

FUGAZ shares closed largely constructive, with UBA up 1.74% and ZENITH BANK rising 1.33%.
GTCO superior 1.11%, FIRSTHOLDCO added 0.98%, whereas ACCESSCORP edged greater by 0.40%.

Market outlook

Regardless of a mildly constructive displaying from the banking sector, the index nonetheless closed within the purple, weighed down by weak participation.

If market exercise picks up in large-cap shares, the index may make one other try on the 141,000 degree.