Market Wrap - All-Share Index dips 0.17% as EUNISELL soars to lead gainers

In the latest market performance, the Nigerian All-Share Index (ASI) experienced a slight dip, shedding 0.17% as Eunisell led the gainers. The market volume saw an uptick, with 350 million shares traded, reflecting a 17.66% increase from previous sessions, signaling more investor activity despite the overall market pullback. The market capitalization edged down to N58.9 trillion, indicating a subdued market sentiment despite some notable stock rallies.

Eunisell stood out among the top gainers, posting an impressive 9.98% increase, followed by John Holt and Sunu Assurances, which both saw substantial gains. However, VFD Group and Royal Exchange were among the major decliners, with VFD Group recording a significant loss of 10%. Other major stocks like Oando also saw notable drops, marking a mixed day for market participants.

The surge in trading volume was largely driven by stocks like UCAP, Access Corporation, and UBA, which saw high activity. Meanwhile, ARADEL and UCAP dominated the trading value, further emphasizing strong interest in these stocks despite the negative market trend overall.

Looking forward, the market is expected to maintain its attention on large-cap stocks as they continue to show resilience, potentially pushing the ASI toward breaking the 98,000-point barrier.

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