The Nigerian All-Share Index (ASI) closed the trading day on a positive note, climbing 311.33 points to settle at 97,236.19, a leap above the 97,000-point threshold despite a dip in market activity.
This reflects a 0.32% gain from the previous day, underscoring the resurgence of bullish sentiment, reversing some of the earlier week’s losses.
However, trading volume experienced a sharp 23.78% drop, with a total of 478 million shares exchanging hands across 9,015 deals, compared to the previous session’s 628 million shares.
Despite the reduced activity, market capitalization advanced to N58.9 trillion.
In terms of standout performers, ARADEL led the gainers’ chart with an impressive 10.00% increase. CONOIL and JOHNHOLT followed closely, posting gains of 9.94% and 9.82%, respectively.
On the losing side, MEYER and ABBEYBDS recorded the steepest declines, shedding 9.83% and 9.82%, respectively.
Meanwhile, STERLINGNG and ELLAHLAKES dominated trading activity, clocking the highest…