Stock market investors gain N37bn

The stock market started the week on a positive note with investors’ portfolios gaining N37 billion on Monday, January 6, 2025.

The stock market capitalisation, which opened at N63.166 trillion, increased by N37 billion or 0.06 per cent to close at N63.203 trillion.

The All-Share Index also rose by 62 points or 0.06 per cent to settle at 103,648.24, compared to 103,586.33 recorded on Friday.

Consequently, the Year-To-Date (YTD) return rose to 0.70 per cent.

Buyers’ interest in Tier-one banks, including Zenith Bank, FBN Holdings, and Access Corporation, alongside other advanced equities drove the market performance up.

Market breadth closed positive with 50 gainers and 21 losers.

Daar Communications and Wema Bank led the gainers’ chart by 10 per cent each to close at 77k and N11 per share, respectively.

Honeywell Flour Mills followed closely by 9.99 per cent to close at N8.37 and Wapic gained 9.96 per cent to close at N2.98 per share.

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LASACO Assurance Plc also increased 9.95 per cent to close at N4.09 per share.

On the other hand, Cutix led the losers’ chart by 5.45 per cent to close at N2.60, while Caverton trailed by 5.36 per cent to close at N2.65 per share.

Jaiz Bank lost 5.23 per cent to close at N3.08, Champion dropped 4.53 per cent to close at N4, and Ikeja Hotel decreased by 4.26 per cent to close at N12.35 per share.

Analysis of the stock market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 60.73 per cent.

A total of 855.97 million shares valued at N13.25 billion were exchanged in 16,505 deals, compared with 709.28 million shares valued at N8.24 billion traded in 13,593 deals posted previously.

Meanwhile, Chams led the activity chart in volume with 80.76 million shares, while Guaranty Trust Holding Company (GTCO)led in value of deals worth N3.07 billion.

The Star