The Nigerian All-Share Index (ASI) wrapped up trading on a positive note on December 4, 2024, climbing by 472.43 points to reach a robust 98,174.99—surpassing the crucial 98,000 mark.
This uptick represents a modest gain of 0.48%, underscoring positive market sentiment for the day.
Trading activity saw a notable increase, with a total volume of 521 million shares changing hands, reflecting a 30.64% rise from the previous session’s volume.
Market capitalization stood at an impressive N59.5 trillion, while the day recorded 9,420 individual trades.
Among the standout performers, GOLDBREW emerged as the day’s top gainer, soaring by an impressive 9.83%. It was closely followed by THOMASWY, which also surged by 9.83%, and FTNCOCOA, which rounded out the top three with a solid 9.50% increase.
On the flip side, SUNUASSUR led the decliners, shedding 9.85% of its value, with LEARNAFRICA trailing closely behind, also dropping by 9.85%.
Notably, TANTALIZER and WAPCO dominated trading activity, emerging as the most actively traded stocks of the day.
Market Summary
- Current ASI: 98,174.99 points
- Previous ASI: 97,702.56 points
- Day Change: +0.48%
- Year-to-Date Performance: +31.3%
- Volume Traded: 521.9 million shares
- Deals: 9,420
Top 5 gainers
- GOLDBREW: up 9.83% to N4.47
- THOMASWY: up 9.83% to N1.90
- FTNCOCOA: up 9.50% to N1.96
- DEAPCAP: up 9.43% to N1.16
- NEM: up 9.30% to N9.40
Top 5 losers
- SUNUASSUR: down 9.85% to N4.21
- LEARNAFRCA: down 9.85% to N2.93
- HMCALL: down 9.15% to N5.86
- PZ: down 8.71% to N22.00
- STERLINGNG: down 7.16% to N4.41
Trading volume
The Nigerian equities market saw a significant boost in trading activity on December 4, 2024, with trading volume rising by 30.64%. A total of 521.9 million shares changed hands, up from 399.4 million shares in the previous session.
- TANTALIZER dominated the day’s trading, with a commanding 88.3 million shares exchanged, securing its position as the most actively traded stock.
- Close behind, WAPCO recorded 57.2 million shares traded, while ACCESSCORP followed with 41 million shares.
- Other notable contributors included CUTIX with 37.1 million shares and UBA, which completed the top five with 34 million shares traded.
Trading value
In terms of trading value, SEPLAT once again led the pack, driving transactions worth an impressive N8 billion.
- WAPCO followed with N4.2 billion in trade value, signaling sustained investor interest in the stock.
- GTCO and UBA also garnered significant attention, contributing N1.3 billion and N1.1 billion to the day’s total value, respectively.
- ACCESSCORP rounded out the top five, generating N986.5 million in transactions, further reflecting strong investor engagement in key stocks.
SWOOT and FUGAZ Stocks
Among the SWOOT stocks—those with market capitalizations above N1 trillion—LAFARGE, SEPLAT, and ARADEL emerged as gainers, rising by 7.56%, 7.55%, and 0.02%, respectively.
- Meanwhile, the FUGAZ group, which includes FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, saw positive price movements across the board.
- ACCESSCORP led the group with a 2.08% increase, followed by GTCO and UBA with 0.29% and 0.15%, respectively.
On the flip side, FBNH declined by 1.70%, followed by ZENITHBANK at 0.56%.
Outlook
- Positive price action among more SWOOT stocks in the upcoming sessions could push the index upwards towards the 99,000 mark and above the N60 trillion market capitalization threshold.
- As bullish sentiment continues to build across various sectors and sustained investor interest persists; the Nigerian equities market is likely to maintain its upward trajectory in the sessions ahead.
