SWOOTs surge as the All-Share Index breaks the 120,000 mark, with Dangote Sugar and Oando leading the gainers.
On Wednesday, June 25, the All-Share Index (ASI) surged 1,466.87 points to close at 121,257.69, breaking above the 120,000 barrier for the first time, and the Nigerian stock market ended the day in positive territory.
Due to a spike in SWOOTs such International Breweries, Zenith Bank, and BUA Cement, the price has increased by 1.22% from the previous day’s close of 119,790.82.
Volume remained solid with 861.6 million shares moved, down slightly from 868.6 million in the previous session, despite a modest decline in trading activity.
Market capitalization increased from N75.5 trillion to N76.7 trillion over 22,896 deals, reflecting the positive sentiment.
DANGSUGAR and OANDO, who each had the highest daily gain of 10.00%, led the rise on the gainers’ chart.
UPL and RTBRISCOE, on the other hand, were the biggest losers, dropping 6.25% and 6.12%, respectively.
The volume chart for the day was dominated by FIDELITYBK and CAVERTON, indicating that investors continued to be interested in both stocks.
Market summary
- Current ASI: 121,257.69
- Previous ASI: 119,790.82
- Day Change: +1.22%
- Year-to-Date Performance: +17.81%
- Volume Traded: 861.6 million shares
- Market Cap: N76.7 trillion
Top 5 gainers
- DANGSUGAR: Up 10.00% to N48.40
- OANDO: Up 10.00% to N68.75
- CHAMPION: Up 9.98% to N10.91
- CILEASING: Up 9.98% to N5.18
- CWG: Up 9.95% to N11.60
Top 5 losers
- UPL: Down 6.25% to N6.00
- RTBRISCOE: Down 6.13% to N2.30
- MULTIVERSE: Down 4.89% to N8.75
- MEYER: Down 4.69% to N9.15
- CONHALLPLC: Down 4.15% to N3.00
Trading volume
Market activity dipped slightly but remained strong, with 861.6 million shares traded, compared to 868.6 million in the previous session.
- FIDELITYBK led the volume chart, trading 82.9 million shares.
- CAVERTON followed with 64.1 million shares, while ZENITHBANK maintained momentum with 60.6 million shares.
- JAPAULGOLD and ACCESSCORP completed the top five, posting 56.2 million and 48.5 million shares, respectively.
Trading value
- ZENITHBANK recorded the highest turnover at N3.4 billion.
- ARADEL and NESTLE followed with N2.4 billion and N2.2 billion, respectively.
- NB posted N1.8 billion, while GTCO reported N1.7 billion in value traded.
SWOOTs and FUGAZ performance
Among the SWOOTs (Stocks Worth Over One Trillion Naira), performance was mostly positive:
- INTERNATIONAL BREWERIES gained 9.17%.
- BUA CEMENT soared 8.70%.
- FIDELITYBK rose 1.27%.
- NIGERIAN BREWERIES added 1.11%.
However, a few SWOOTs posted losses:
- ARADEL declined 0.10%
- LAFARGE AFRICA fell 4.10%
Within the FUGAZ banking group:
. ZENITHBANK surged 9.43%, UBA advanced 4.31%, FIRSTHOLDCO gained 1.86%, ACCESSCORP was up 1.32%.
On the downside:
GTCO edged lower by 0.72%
Market outlook
The All-Share Index has finally crossed the 120,000 mark, reflecting strong bullish sentiment and delivering a year-to-date gain of 17.81%.
Looking ahead, provided the market isn’t seen as overbought, sustained buying—especially in large-cap stocks—could continue to propel the index higher in the coming sessions.
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