The Nigerian All-Share Index (ASI) closed the trading session in negative territory, losing 113.55 points to settle at 97,260.39.

Despite its efforts to remain at the level of 97,000, the index recorded a slight decline, down 0.12% compared to the previous day’s close.

The day was marked by increased market activity, with trading volumes up 17.66% to 350 million shares across 10,224 trades, compared to 297 million in the previous session, while capitalization The stock market fell slightly to N58.9 trillion.

In the winners’ bracket, EUNISELL took center stage, posting an impressive 9.98% rally to lead the pack. John Holt and Sunu Insurance followed closely, performing strongly with gains of 9.83% and 9.71%, respectively.

The bears remained present, with VFD Group and Royal Exchange leading the way, recording significant losses of 10.00% and 9.68%, respectively.

In terms of trading activity, UCAP and Access Corporation emerged as the most actively traded stocks. Despite the decline in the index, the increased activity suggests continued market engagement.

Market Summary

• Current ASI: 97,260.39 points

• Previous ASI: 97,373.94 points

• Performance since the start of the year: +30.07%

• Volume traded: 350 million shares

Top 5 winners

• EUNISELL: up 9.98% to N9.92

• JOHNHOLT: up 9.83% to N5.81

• SUNUASSUR: up 9.71% to N2.26

• UNIVINSURE: up 6.25% to N0.34

• REGALINS: up 4.17% to N0.50

Top 5 losers

• VFDGROUP: down 10.00% to N40.50

• ROYALEX: down 9.68% to N0.56

• OANDO: down 9.42% to N62.05

• THOMASWY: down 8.85% to N1.75

• DANGSUGAR: down 4.83% to N28.55

Trading volume

The market saw a notable increase in activity, with daily trading volume up an impressive 17.66%. A total of 350 million shares were traded, up from 297 million shares in the previous session, reflecting increased investor participation.

UCAP leads the volume rankings, with 76.7 million shares traded. ACCESSCORP followed with 25.9 million shares, while UBA, OANDO and GTCO rounded out the top five, recording volumes of 22.8 million, 18.2 million and 15.6 million shares, respectively.

Market value

In terms of value, ARADEL and UCAP dominated, with transactions worth N1.5 billion and N1.1 billion respectively.

OANDO and GTCO also featured prominently, recording trade values ​​of N1.1 billion and N840.9 million. UBA completes the top five, with transactions valued at N722.8 million, reflecting the strong market interest in these counters.

SWOOT and FUGAZ actions

Among the SWOOT (Stocks Worth Over One Trillion Naira) category, OANDO was the only one to move, losing 9.42% while other SWOOT stocks remained unchanged.

For FUGAZ stocks, UBA led the gains, climbing 2.26%, while Zenith Bank, Access Corporation and GTCO posted moderate gains of 0.96%, 0.42% and 0.09%, respectively.

FBNH did not record any price movement during the session.

Outlook

• As the bullish momentum persists, especially among large-cap stocks, the index is showing promising signs of crossing the 98,000-point mark in the coming sessions.

• The continued recovery, driven by the positive sentiment sparked by favorable third-quarter financial reports, highlights the central role of large-cap stocks in maintaining the upward trajectory.

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