All-Share Index holds above 109,000 as day by day quantity climbs; GTCO, ACCESSCORP lead exercise

The Nigerian All-Share Index concluded the buying and selling day ended 14th Might within the inexperienced, gaining 296.73 factors to regular above the 109,000 degree.

This improve represents a 0.27% acquire, because the index moved from a earlier shut of 108,762.60 to 109,059.33.

Each day buying and selling quantity additionally elevated, rising by 6.57%, from 498.4 million shares to 531.2 million shares.

Market capitalization additionally superior, reaching N68.5 trillion, in comparison with N68.3 trillion reported the day prior to this.

Main the gainers’ chart had been NORTHERN NIGERIAN FLOUR MILLS and MCNICHOLS, up by 10.00% every.

On the flip facet, MULTIVERSE and GEREGU topped the decliners’ desk, slipping by 9.63% and 9.09%, respectively.

When it comes to buying and selling quantity, GTCO and ACCESSCORP led the chart.

Market abstract

Present ASI: 109,059.33
Earlier ASI: 108,762.60
Day Change: +0.27%
Yr-to-Date Efficiency: +5.94%
Quantity Traded: 531.2 million shares
Market Cap: N68.5 trillion

Prime 5 gainers

NNFM: Up 10.00% to N99.55
MCNICHOLS: Up 10.00% to N1.76
CHAMPION: Up 9.91% to N6.10
CAVERTON: Up 9.78% to N4.04
FTNCOCOA: Up 9.65% to N2.50

Prime 5 losers

MULTIVERSE: Down 9.63% to N9.85
GEREGU: Down 9.09% to N1141.50
LEGENDINT: Down 5.41% to N8.40
VERITASKAP: Down 4.76% to N1.00
TRANSCORP: Down 4.65% to N44.10

Buying and selling quantity

Each day buying and selling quantity elevated by 6.57%, rising from 498.4 million shares to 531.2 million shares.

GTCO led the exercise chart with a formidable 53.2 million shares traded.
ACCESSCORP adopted carefully, posting a strong 51.9 million shares.
FIDELITYBK attracted robust investor curiosity, with 40.5 million shares altering fingers.
NB and ZENITHBANK additionally recorded notable volumes, buying and selling 35.7 million and 27.3 million shares, respectively.

Buying and selling worth

MTNN topped the worth chart with trades value N5.5 billion, adopted by GTCO at N3.6 billion.
NB recorded a turnover of N1.9 billion, whereas ZENITHBANK posted N1.3 billion.
ACCESSCORP rounded out the checklist of prime worth trades with N1.1 billion.

SWOOTs and FUGAZ efficiency

Among the many SWOOTs (Shares Value Over One Trillion Naira):

INTERNATIONAL BREWERIES led the pack with a acquire of two.19%, whereas LAFARGE AFRICA edged up by 0.06%.
On the draw back, MTNN declined by 0.36%.

Throughout the FUGAZ banking group:

UBA posted a modest rise of 1.30%, ZENITHBANK climbed 1.04%, and ACCESSCORP gained 0.70%.
Conversely, FIRSTHOLD declined by 0.80%, and GTCO slipped by 0.64%.

Market outlook

The All Share Index has reclaimed the 109,000 degree, which it slipped under within the earlier week

Sustained features—significantly amongst mid- and large-cap shares—might present the mandatory momentum to drive the index increased within the coming classes.