Dangote Cement lifts All-Share Index previous 146,900 to recent document excessive 

The Nigerian All-Share Index (ASI) closed the buying and selling session of October tenth in constructive territory, rising by 783.7 factors to increase its successful streak to 11 consecutive days.

Gaining 0.54%, the index superior from 146,204.3 to a brand new all-time excessive of 146,988.1, pushed largely by bullish momentum in Dangote Cement.

Market exercise additionally strengthened, as day by day buying and selling quantity climbed to 385 million shares, up from 346 million recorded within the earlier session.

Likewise, market capitalization adopted the upward development, growing to N93.2 trillion throughout 21,842 offers, in comparison with N92.7 trillion beforehand.

• On the gainers’ chart, DANGOTE CEMENT and NEM INSURANCE stood out, appreciating 6.48% and 5.23% respectively.

• On the flip facet, UHOMREIT and MEYER topped the losers’ checklist, shedding 9.98% and 9.85% apiece.

By way of buying and selling quantity, FIDELITY BANK and CHAMS HOLDING emerged as essentially the most actively traded shares of the day.

Market abstract 

• Present ASI: 146,988.1
• Earlier ASI: 146,204.3
• Day Change: +0.54%
• Yr-to-Date Efficiency: +42.81%
• Quantity Traded: 385 million shares
• Market Cap: N93.2 trillion.

Prime 5 gainers   

• DANGCEM: Up 6.48% to N575
• NEM: Up 5.23% to N29.15
• JAIZBANK: Up 4.65% to N4.50
• FTNCOCOA: Up 3.57% to N5.80
• CWG: Up 3.46% to N17.95

Prime 5 losers   

• UHOMREIT: Down 9.98% to N51.85
• MEYER: Down 9.85% to N15.10
• STERLINGNG: Down 9.58% to N7.55
• CORNERST: Down 6.90% to N6.21
• ETRANZACT: Down 6.25% to N15.00

Buying and selling quantity 

Every day buying and selling quantity inched as much as 385 million shares, in comparison with 346 million shares recorded within the earlier session.

• FIDELITY BANK led the pack with 47.3 million shares, adopted by CHAMS with 38.4 million.
• JAPAUL GOLD ranked third with 21.8 million shares, whereas ZENITH BANK and FCMB accomplished the highest 5 with 18.2 million and 18.1 million shares, respectively.

Buying and selling worth 

By way of worth, SEPLAT dominated the chart with trades value N1.28 billion.

• ZENITH BANK adopted intently with N1.25 billion, whereas DANGOTE CEMENT recorded N1.1 billion.
• FIDELITY BANK posted N959 million, and ARADEL rounded out the checklist with N895.3 million.

SWOOT & FUGAZ Efficiency 

Shares Value Over One Trillion Naira (SWOOTs) ended the session on a constructive notice.

• Dangote Cement gained 6.48%, Lafarge rose 0.23%, whereas Nigerian Breweries edged up 0.19%.

Among the many tier-one banks (FUGAZ), efficiency was combined.

• UBA superior 1.3%, whereas GTCO and AccessCorp closed flat.
• Zenith Bank declined 1.01%, and First HoldCo slipped 0.32%.

Market outlook 

The Nigerian All-Share Index has firmly re-established its bullish momentum, reclaiming and surpassing the 145,000 and 146,000 ranges.

Sustained positive factors in mid- and large-cap shares are anticipated to additional reinforce the rally within the close to time period.