JULIUS BERGER, CUTIX lead gainers as All-Share Index posts 0.31% restoration

The Nigerian All-Share Index opened the week on a constructive word, advancing by 435.6 factors to shut at 141,439.77.

This marks a 0.31% rise from its opening degree of 141,004.10, pushing the index firmly above the 141,000-threshold.

Nevertheless, market exercise slowed, as buying and selling quantity fell to 591.2 million shares in comparison with 1.3 billion shares exchanged within the earlier session.

Regardless of this, market capitalization edged greater to N89.4 trillion throughout 33,342 offers, up from N89.2 trillion within the final session.

Julius Berger (JBERGER) and Cutix (CUTIX) led the gainers’ chart with spectacular jumps of 9.93% and 9.86% respectively.
On the draw back, UPL and Cadbury (CADBURY) emerged as the largest losers, shedding 9.92% and 9.61%.
When it comes to buying and selling exercise, FCMB and Veritas Kapital (VERITASKAP) dominated the quantity chart as essentially the most traded shares of the day.

Market abstract
Present ASI: 141,439.77
Earlier ASI: 141,004.1
Day Change: +0.31%
Yr-to-Date Efficiency: +37.42%
Quantity Traded: 591.2 million shares
Market Cap: N89.22 trillion
Prime 5 gainers
JBERGER: Up 9.93% to N146.10
CUTIX: Up 9.86% to N3.90
REGALINS: Up 9.70% to N1.47
VERITASKAP: Up 9.60% to N2.17
MCNICHOLS: Up 9.37% to N3.50
Prime 5 losers
UPL: Down 9.92% to N5.54
CADBURY: Down 9.61% to N57.85
ABBEYBDS: Down 8.39% to N6.55
DAARCOMM: Down 7.44% to N1.12
AUSTINLAZ: Down 6.55% to N2.71

Buying and selling quantity

Market exercise slowed, with every day buying and selling quantity dropping to 591.2 million shares from 1.3 billion shares recorded within the earlier session.

FCMB led the chart with a formidable 105.1 million shares traded, adopted by VERITASKAP with 59.5 million shares, exhibiting continued investor curiosity.
UNIVINSURE ranked third with 34.3 million shares, whereas AIICO and GTCO accomplished the highest 5 with 26.2 million and 25 million shares, respectively.

Buying and selling worth

When it comes to worth, GTCO dominated with trades price N2.3 billion.

ARADEL adopted with N1.3 billion, whereas FCMB recorded N1.1 billion.
ZENITHBANK posted N709.4 million, and UBA closed out within the prime 5 with N683.6 million.

SWOOT & FUGAZ efficiency

SWOOTs (Shares Value Over One Trillion Naira) delivered a blended outing.

Worldwide Breweries superior 2.69%, whereas ARADEL slipped 1.73% and FIDELITY BANK edged down 0.24%.

Among the many FUGAZ shares, GTCO climbed 2.18% and ACCESSCORP added 1.67%.

FBN Holdings, UBA, and ZENITHBANK, nevertheless, closed the day flat with no worth adjustments.

Market outlook

The All-Share Index seems to be staging a gentle correction from final week’s decline, which noticed it slip to a low of 140,332.4. The present rebound suggests a gradual restoration in investor sentiment.

If momentum continues and bullish worth motion is sustained in large-cap shares, the index has the potential to reclaim the 142,000-mark within the close to time period.