UBA, ACCESSCORP lead quantity as All-Share Index corporations above N94 trillion cap 

The Nigerian All-Share Index prolonged its bullish momentum on Friday seventeenth October, gaining 622.7 factors to shut at 148,977.8, edging nearer to the 149,000-mark.

This represents a 0.42% enhance from 148,355.1 recorded within the earlier session, accompanied by a modest rise in market exercise.

Buying and selling quantity strengthened to 480 million shares, in comparison with 432 million shares traded the day earlier than, whereas market capitalization climbed to N94.5 trillion from N94.1 trillion.

EUNISELL and UPDC emerged because the day’s prime gainers, appreciating by 10.00% and 9.92%, respectively. Conversely, LIVINGTRUST and INTENEGINS declined by 10.00% and eight.39%.

On the amount entrance, UBA and ACCESSCORP dominated buying and selling, accounting for the best share exchanges of the day.

Market abstract  

• Present ASI: 148,977.8
• Earlier ASI: 148,355.1
• Day Change: +0.42%
• 12 months-to-Date Efficiency: +44.74%
• Quantity Traded: 480.8 million shares
• Market Cap: N94.5 trillion.

Prime 5 gainers   

• EUNISELL: Up 10.00% to N48.90
• UPDC: Up 9.92% to N6.98
• SOVRENINS: Up 9.51% to N3.57
• UNIVINSURE: Up 9.09% to N1.20
• DAARCOMM: Up 8.74% to N1.12

Prime 5 losers   

• LIVINGTRUST: Down 10.00% to N4.50
• INTENEGINS: Down 8.39% to N2.73
• CONHALLPLC: Down 6.29% to N4.47
• STERLINGNG: Down 4.88% to N7.80
• WAPIC: Down 4.55% to N3.15

Buying and selling quantity 

Buying and selling quantity rose to 480 million shares, up from 432 million shares exchanged within the earlier session.

• UBA led exercise with 59.1 million shares, adopted carefully by ACCESSCORP with 50.3 million.

• FIDELITYBK ranked third with 46.9 million shares, whereas SOVRENINS and TANTALIZER accomplished the highest 5 with 34.2 million and 24.5 million shares, respectively.

Buying and selling worth 

• By way of worth, DANGCEM topped the chart with trades value N2.6 billion.
• UBA adopted carefully with N2.4 billion, whereas ACCESSCORP recorded N1.2 billion.
• MTNN posted N1.16 billion, and FIDELITYBK rounded off the highest 5 with N944 million.

SWOOT and FUGAZ efficiency 

Shares Price Over One Trillion Naira (SWOOTs) closed combined.

• BUA FOODS gained 3.22%, LAFARGE rose 1.88%, STANBIC IBTC added 0.81%.
•  MTNN appreciated 0.66%, and DANGOTE CEMENT superior barely by 0.03%.

Alternatively, INTBREW shed 3.33%, NB declined 0.78%, and FIDELITYBK fell 0.50%.

Among the many FUGAZ shares: 

• ZENITHBANK gained 0.22%, whereas UBA closed flat.
• FIRSTHOLDCO misplaced 1.88%, ACCESSCORP climbed 0.58%, and GTCO slipped 0.21%.

Market outlook 

The All-Share Index stays strongly bullish because it edges nearer to the 149,000-point barrier.

With third-quarter outcomes across the nook, sustained optimistic sentiment and robust earnings expectations are prone to drive the index even greater within the coming classes.