The All-Share Index (ASI) surged by 1.76% to close at 101,129.09, breaking the 100,000 and 101,000 milestones. Market capitalization also crossed N61 trillion, closing at N61.3 trillion, despite a 7.2% drop in trading volume.
Sector Highlights:
Insurance: +8.83%, led by Coronation Insurance and SUNU Assurances.
Banking: +3.23%, driven by Jaiz Bank and Zenith Bank.
Consumer Goods: +2.92%, fueled by Honeywell Flour Mills (+30%).
Oil & Gas: +0.99%, while Industrial fell by 0.86%.
Top Gainers:
MRS Oil Nigeria Plc: +36.36%
Eterna Plc: +32.36%
Honeywell Flour Mills Plc: +31.52%
Top Losers:
John Holt Plc: -18.67%
Multiverse Mining Plc: -18.58%
University Press Plc: -16.27%
Outlook:
While bullish momentum remains predominant, potential retracements are expected as Q4 results approach.
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