SCOA, RTBRISCOE lead gainers as All-Share Index slips 0.49%

The Nigerian All-Share Index closed the buying and selling session on twenty eighth August in detrimental territory, shedding 691.52 factors to complete at 140,557.24.

This marked a 0.49% decline from the day gone by’s degree of 141,248.80, regardless of stronger exercise out there.

Buying and selling quantity climbed sharply to 885 million shares, up from 682.8 million shares exchanged a day earlier.

In the meantime, market capitalization slipped again beneath the N89 trillion mark, settling at N88.9 trillion throughout 26,163 offers, reflecting the day’s bearish temper.

On the gainers’ chart, SCOA and RTBRISCOE led with spectacular advances of 10% and 9.80% respectively. The flip aspect noticed INTENEGINS and OMATEK topping the losers’ checklist, dipping 9.62% and eight.97%.

By way of exercise, CHAMPION and ACCESSCORP dominated the quantity chart, buying and selling the best variety of shares.

Market abstract

Present ASI: 140,557.24
Earlier ASI: 141,248.8
Day Change: -0.49%
12 months-to-Date Efficiency: +36.56%
Quantity Traded: 885 million shares
Market Cap: N88.93 trillion

Prime 5 gainers

SCOA: Up 10.00% to N6.05
RTBRISCOE: Up 9.80% to N3.36
NEM: Up 7.96% to N31.20
NGXGROUP: Up 7.94% to N57.80
MCNICHOLS: Up 7.04% to N3.80

Prime 5 losers

INTENEGINS: Down 9.62% to N3.29
OMATEK: Down 8.97% to N1.32
ELLAHLAKES: Down 8.49% to N13.68
ROYALEX: Down 6.98% to N2.00
SUNUASSUR: Down 6.42% to N5.54

Buying and selling quantity

Day by day buying and selling quantity rose to 885 million shares, up from 682 million shares exchanged the day gone by.

CHAMPION topped the chart with 201 million shares, adopted by ACCESSCORP with 102 million shares, reflecting sustained investor curiosity.
GTCO got here third with 96.4 million shares, whereas STERLINGNG and FIRSTHOLDCO accomplished the highest 5 with 90.8 million and 46.2 million shares respectively.

Buying and selling worth

By way of worth, GTCO dominated with trades value N8.8 billion.
ARADEL adopted with N3.5 billion, whereas CHAMPION recorded N3.4 billion.
ACCESSCORP posted N2.7 billion, and FIRSTHOLDCO rounded off the checklist with N1.5 billion.

SWOOT & FUGAZ efficiency

SWOOTs (Shares Price Over One Trillion Naira) had a blended efficiency:

DANGCEM gained 0.04%.
On the shedding aspect, INTBREW dropped 3.85%, LAFARGE shed 2.99%, NESTLE fell 1.06%, and FIDELITYBK slipped 0.47%.

Among the many FUGAZ shares, the development was largely bearish:

GTCO declined 3.11%, ZENITHBANK fell 1.29%, UBA misplaced 1.41%, and ACCESSCORP shed 0.74%.
FIRSTHOLDCO was the lone gainer, up 0.15%.

Market outlook

The All-Share Index seems to stay in a retracement part, with the present momentum suggesting the opportunity of an extra slide beneath the 140,000-mark if promoting strain continues.

Sustained bearish exercise, significantly in large-cap shares, might deepen the decline and weigh additional on general market sentiment.