On January 23, 2025, the All-Share Index closed the trading day at 102,788.20, down 48.15 points.
NGX
Despite a minor rise in market volume, this represents a 0.05% down from the previous close of 102,836.35.
From 393 million shares to 394.3 million, trading volume increased by 0.14%.
After 12,160 transactions, the market capitalization remained constant at N63 trillion, closing at N63.1 trillion.
Regarding individual stock performance, DAARCOMM and SCOA saw gains of 9.09% and 9.76%, respectively. On the other hand, MORISON and CILEASING saw decreases of 9.98% and 9.91%, respectively.
The two equities traded the most during the day, GTCO and UBA, contributed substantially to the total turnover.
Market Summary
- Current ASI: 102,788.20 points
- Previous ASI: 102,836.35 points
- Day Change: -0.05%
- Year-to-Date Performance: +0.13%
- Volume Traded: 394 million shares
- Market Cap: N63.1 trillion
Top 5 Gainers
- SCOA: +9.76% to N3.60
- DAARCOMM: +9.09% to N0.84
- MAYBAKER: +8.43% to N9.00
- PRESTIGE: +6.82% to N1.41
- REDSTAREX: +4.99% to N5.05
Top 5 Losers
- MORISON: -9.98% to N3.61
- CILEASING: -9.91% to N3.91
- IKEJAHOTEL: -8.89% to N12.30
- NEIMETH: -8.51% to N3.44
- SUNUASSUR: -8.03% to N5.50
Volume of Trades
There was a slight 0.14% increase in trading volume. Important points to note are:
- GTCO was the most traded company, with 42.1 million shares.
- UBA, with 37.4 million shares, came in second.
- Next, with 25.1 million shares, was ZENITHBANK.
- JAIZBANK donated 13.8 million shares, while ACCESSCORP gave 24.3 million.
Value of Trades
Regarding trading value, the following individuals lead the session:
- SEPLAT, with N7.9 billion in transactions.
- ARADEL, which comes to N3.2 billion.
- The respective contributions from GTCO and BUAFOODS were N2.5 billion and N1.3 billion.
- UBA made N1.2 billion in trade at the end of the day.
Performance Of FUGAZ And SWOOT
Notable decreases in the SWOOT category included:
- MTNN and ARADEL had declines of 0.81% and 1.1%, respectively.
Stock In The FUGAZ Category Had Gains:
- The respective gains for UBA, GTCO, and ZENITHBANK were 2.34%, 1.67%, and 1.16%.
- FBNH and ACCESSCORP increased 0.71% and 0.61%, respectively.
Outlook For The Market
- Despite the day’s fall, the All-Share Index may test the 105,000 mark.
- In the next sessions, buying momentum may be sparked by favourable investing conditions and positive Q4 results.
