The All-Share Index completed the trading day on January 27, 2025, up 820.41 points to 104,418.95.
All FUGAZ stocks ended the day in positive territory, up 0.79% from the previous close of 103,598.54.
The volume of market activity decreased by 10%, from 576 million shares to 518 million shares, despite this optimistic trend.
Ultimately, the index’s market capitalization closed at N64.4 trillion, having risen above an astounding N64 trillion.
BETAGLAS and RTBRISCOE reported notable stock gains of 9.98% and 9.92%, while MRS and TRANSCOHOT experienced drops of 10.00% and 9.97%.
Leading the trading activity and having a big impact on the day’s turnover were ACCESSCORP and FCMB.
Market Summary
Current ASI: 104,418.95 points
Previous ASI: 103,598.54 points
Day Change: +0.79%
Year-to-Date Performance: +1.45%
Volume Traded: 518 million shares
Market Cap: N64.4 trillion
Top 5 Gainers
- BETAGLAS: +9.98% to N65.00
- RTBRISCOE: +9.92% to N2.77
- ACCESSCORP: +9.88% to N27.80
- CHELLARAM: +9.83% to N4.47
- SKYAVN: +9.80% to N36.40
Top 5 Losers
- MRS: -10.00% to N180.90
- TRANSCOHOT: -9.97% to N114.65
- EUNISELL: -9.95% to N11.40
- JOHNHOLT: -9.64% to N7.50
- CAVERTON: -9.40% to N2.12
Volume Of Trades
A 10% decline in trading volume indicated a minor slowdown in the market. However, a few stocks were particularly noteworthy. Important points to note are:
- Top of the list with 50.9 million shares traded was ACCESSCORP.
- FCMB, with 40.2 million shares, came in second.
- Next, with 38.9 million shares, was STERLINGNG.
- UBA gave 29.37 million shares, while ZENITHBANK contributed 33.2 million.
Value Of Trade
Regarding trading value, the following individuals lead the session:
- ZENITHBANK, with N1.6 billion in transactions.
- N1.3 billion in total, or ACCESSCORP.
- The respective contributions from GTCO and UBA were N1.2 billion and N1 billion.
- ARADEL had traded N885.4 million.
Performance Of FUGAZ And SWOOT
Several stocks in the SWOOT category saw significant drops:
- OANDO dropped to 6.39% after TRANSCOHOT, which dipped to 9.97%. WAPCO experienced a slight decline of 0.57%.
- On the plus side, MTNN gained 0.85%.
The FUGAZ group prospered in the interim, and all stocks saw increases:
- While FBNH increased 7.84%, ACCESSCORP increased 9.88%.
- UBA, ZENITHBANK, and GTCO additions were 4.93%, 2.82%, and 1.80%.
Forecast for the market
Despite a minor decline in trading volume, the All-Share Index has recovered its positive momentum and is now getting close to the 104,000 mark.
An influx of financial reports anticipated in late January and early February could send the index beyond the 105,000 level again, so the market is ready for good reactions.
