Fairness market data N472bn achieve in shortened buying and selling week

The Nigerian fairness market recorded a achieve of N472bn in the course of the shortened buying and selling week, because the Federal Authorities declared Wednesday, December 25, and Thursday, December 26, 2024, public holidays for Christmas celebrations.

The All-Share Index appreciated by 0.99 per cent, closing at 102,133.30 factors, whereas the market capitalisation elevated to N61.912tn.

Buyers traded a complete of 1.387bn shares value N52.023bn in 33,411 offers, a decline in comparison with the two.536bn shares valued at N91.382bn traded in 51,406 offers the earlier week.

Final week, the monetary companies trade led the exercise chart with 881.646m shares value N17.774bn in 14,968 offers, accounting for 63.58 per cent and 34.17 per cent of complete turnover quantity and worth, respectively. The oil and gasoline trade adopted with 103.763m shares valued at N12.438bn in 4,554 offers, whereas the companies trade recorded 98.622m shares value N482.169m in 1,998 offers.

United Financial institution for Africa Plc, Common Insurance coverage Plc, and Zenith Bank Plc collectively accounted for 294.032m shares value N8.117bn in 3,834 offers, representing 21.20 per cent and 15.60 per cent of complete turnover quantity and worth, respectively.

Moreover, final week market efficiency confirmed a constructive development as 64 equities appreciated in value, up from 61 within the earlier week.

In distinction, 20 equities declined in comparison with 26 within the prior week, whereas 69 equities remained unchanged. Ikeja Lodge Plc led the gainers’ chart with a 32.79 per cent improve, closing at N12.15, adopted by Multiverse Mining and Exploration Plc, which gained 32.61 per cent to shut at N6.10. PZ Cussons Nigeria Plc recorded a 26.09 per cent improve, closing at N29.00.

Alternatively, Thomas Wyatt Nigeria Plc declined by 10.00 per cent, closing at N1.71, whereas Aradel Holdings Plc dropped 9.64 per cent to shut at N600.00. Austin Laz & Firm Plc shed 9.29 per cent to shut at N1.66.

The NGX Oil and Gasoline Index was the one laggard, declining by 0.12 per cent, whereas different indices closed greater. The NGX ASeM and Sovereign Bond indices remained flat.