The Nigerian All-Share Index (ASI) continued to rise on Tuesday, November 19, 2024, increasing by 225.06 points to end at 97,972.33. This is a 0.23% rise from the previous day’s close of 97,747.27.
Even though the market felt positive, overall trading activity decreased. The trading volume fell by 19% to 333 million shares, down from Monday’s 413 million shares.
Top Gainers
UNILEVER was the best performer of the day, increasing by 10.00% to close at N26.95. WAPCO closely followed, also rising by 10.00% to N50.60, and SCOA gained 9.94%, ending at N1.88.
Other significant gainers were:
- EUNISELL: +9.94% to N14.49
- JOHN HOLT: +9.89% to N9.33
Top Losers
On the other hand, PZ was the biggest loser, dropping by 9.82% to N22.50, followed by TIP, which fell 8.70% to N2.10.
Other stocks that declined included:
- BERGER: -7.71% to N17.35
- HONYFLOUR: -4.85% to N4.12
- CONHALLPLC: -4.50% to N1.91
Market Activity
ACCESSCORP had the highest trading volume for the day, with 37.8 million shares exchanged. JAPAULGOLD was close behind with 26.4 million shares traded.
Other actively traded stocks were:
- CHAMS: 23.6 million shares
- CONHALLPLC: 16.3 million shares
- UBA: 16.1 million shares
In terms of trading value, ACCESSCORP led with transactions worth N910.1 million, followed by:
- GTCO: N753 million
- ARADEL: N606.8 million
- WAPCO: N569.6 million
- UBA: N539.9 million
High-Value and FUGAZ Stocks
Among high-value stocks (those with market values over N1 trillion), BUA CEMENT dropped by 0.52%.
For the FUGAZ group:
- FBNH shed 2.01%
- ACCESSCORP slipped 0.42%
- GTCO gained 0.46%
- ZENITH BANK rose 0.15%
The Nigerian stock market is still strong, with continued interest from investors in medium and large companies leading to gains. If this positive momentum keeps up, the ASI could soon surpass the 98,000-point mark in the next few trading sessions.
