With reference to the All-Share Index, the Nigerian stock market concluded on a high note on August 26, adding 321.59 points and extending its upward momentum for the third consecutive session after a week of declines.
Ending the day at 141,761.36, up from an opening of 141,439.77, the index grew by 0.23%, resulting in a year-to-date increase of 37.7%.
Trade activity also surged, with the trading volume reaching 605 million shares compared to 591.2 million shares from the prior day.he market financial standing rose to N89.6 trillion through 28,845 transactions, making its way toward the N90 trillion threshold.
NCR and SFSREIT dominated the gainers’ list, climbing by 10% and 9.99% respectively, while LEGENDINT and NSLTECH headed the decliners with drops of 10.00% and 9.26%.
On the trading front, FCMB and VERITASKAP experienced the highest trading volumes Top 5 gainers
NCR: Up 10.00% to N11.55
SFSREIT: Up 9.99% to N301.55
BERGER: Up 9.06% to N34.90
BETAGLAS: Up 8.16% to N486.00
CADBURY: Up 8.04% to N62.50
Top 5 losers
LEGENDINT: Down 10.00% to N5.40
NSLTECH: Down 9.26% to N0.98
CUTIX: Down 8.97% to N3.55
UACN: Down 8.69% to N73.00
DEAPCAP: Down 8.29% to N1.66
Trading volume
Market activity strengthened as volume rose to 605 million shares from 591.2 million shares the previous day.
FCMB led the chart with 89.2 million shares traded, followed by VERITASKAP with 68.4 million shares, reflecting sustained investor interest.
AIICO ranked third with 36.1 million shares, while NSLTECH and MBENEFIT rounded out the top five with 27.2 million and 23.5 million shares, respectively.
Trading value
In terms of value, LAFARGE dominated with trades worth N1.6 billion.
MTN followed with N1.4 billion, while GTCO posted N1.1 billion.
FCMB recorded N980.7 million, and ZENITHBANK closed the list with N608.9 million.
SWOOT & FUGAZ performance
SWOOTs (Stocks Worth Over One Trillion Naira) had a mixed outing.
INTERNATIONAL BREWERIES gained 3%, while FIDELITY BANK advanced 1.92%.
On the downside, LAFARGE slipped 0.41%.
Among the FUGAZ stocks, GTCO gained 2.03%, UBA rose 0.94%, ZENITHBANK added 0.86%, and ACCESSCORP edged up 0.18%.
FIRSTHOLDCO was unchanged.of the day.
Market overview
Current ASI: 141,761.36
Previous ASI: 141,439.77
Daily Change: +0.23%
Year-to-Date Performance: +37.73%
Shares Traded: 605 million shares
Market Capitalization: N89.69 trillionMarket perspective
The All-Share Index appears to be experiencing a slight adjustment following last week’s drop, which saw it fall to a low of 140,332.4.
The ongoing upturn suggests a steady revival in investor confidence. Should this trend persist and optimistic trading continues in large-cap stocks, the index might revisit the 142,000 threshold in the short term.
