Entrepreneurng.com
Thursday, June 12, 2025
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us
No Result
View All Result
Entrepreneurng.com
No Result
View All Result
Home Market

Nigerian All-Share Index Declines by 0.07% Despite Surge in Market Volume

by Harry Choms
September 28, 2024
in Market
0
Nigerian All-Share Index
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

On September 27, 2024, the Nigerian All-Share Index (ASI) declined by 0.07%, losing 64.88 points to close at 98,458.68. This slight drop occurred despite a significant surge in market trading volume.

Key highlights include:

  • A total of 797 million shares were traded, marking a 131% increase compared to the 344 million shares traded the previous day, across 7,764 transactions.
  • BETAGLASS and MEYER were among the top performers, rising over 9%, while JAPAULGOLD led in trading volume.

Top Gainers:

  1. BETAGLASS: +10.00% to N48.95
  2. MEYER: +9.93% to N7.75
  3. DEAPCAP: +9.90% to N1.11
  4. ELLAHLAKES: +9.82% to N4.92
  5. ABBEYBDS: +9.65% to N2.50

Top Losers:

  1. CAVERTON: -9.76% to N2.68
  2. NNFM: -9.39% to N17.85
  3. UPL: -8.85% to N2.37
  4. MCNICHOLS: -8.57% to N1.60
  5. ABCTRANS: -7.83% to N1.15

Trading Volume:

  • JAPAULGOLD dominated with 591.2 million shares traded.
  • UBA followed with 27.8 million shares, while ZENITHBANK, ACCESSCORP, and TRANSCORP saw 11.7 million, 11.4 million, and 106.6 million shares, respectively.

Trading Value:

  • JAPAULGOLD led with transactions worth N1.4 billion.
  • Other major contributors were OANDO with N771.63 million, SEPLAT with N745 million, UBA with N717 million, and ZENITHBANK with N442 million.

Large-Cap Stock Performance:

  • Airtel Africa, BUA Cement, BUA Foods, Dangote Cement, Geregu Power, Seplat Energy, and Transcorp Power remained stable.
  • OANDO saw a price increase of 3.01%.
  • In the FUGAZ group, FBNH and ZENITHBANK dropped by 4.58% and 0.13%, respectively, while ACCESSCORP and UBA remained unchanged. GTCO gained 1.94%.

Outlook: Despite today’s slight dip, the index shows potential for recovery and could break past the 99,000 mark, with large-cap stocks playing a critical role in driving the market forward.

Tags: ASINigerian All-Share Index
Share197Tweet123
Harry Choms

Harry Choms

  • Trending
  • Comments
  • Latest
Prince Faisal bin Salman Al Saud

Saudi Arabia: Top 10 Richest Princes and Princesses of the Royal Family

January 4, 2025
Atlanta Jollof Festival: Nigerian Chef Wins at the West African rice dish

Atlanta Jollof Festival: Nigerian Chef Wins at the West African rice dish

July 22, 2024
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

December 13, 2022
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

19
THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

3
RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

2
MTN Skills Academy Offers Free Digital & Financial Training

Apply Now: MTN Skills Academy Offers Free Digital & Financial Training

June 12, 2025
Oshiomhole Engage in Fiery Face-off With Air Peace

Oshiomhole Engage in Fiery Face-off With Air Peace

June 12, 2025
Blackout Alert as FG Begins Critical Grid Maintenance

Blackout Alert as FG Begins Critical Grid Maintenance

June 12, 2025

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Entrepreneurng.com

Copyright © 2025

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us

Copyright © 2025