ROYALEX leads gainers as All-Share Index slips 0.24%

The Nigerian All-Share Index fell by 347.10 factors to shut at 141,498.2 on Monday, twenty second September, representing a 0.24% decline from the earlier session’s shut of 141,845.3.

Buying and selling exercise was barely increased as quantity rose to 488.5 million shares in comparison with 431.1 million shares within the prior session.

Market capitalization additionally slipped, with fairness capitalization falling to N89.52 trillion from N89.74 trillion.

On the gainers’ chart, ROYALEX superior 9.80% whereas NSLTECH climbed 6.67%.
On the losers’ aspect, MCNICHOLS and IKEJAHOTEL shed 10.00% and 9.80% respectively.

By way of market quantity, UNIVINSURE and ZENITHBANK led the exercise as essentially the most traded shares of the day.

Market abstract

Present ASI: 141,498.2
Earlier ASI: 141,845.3
Day Change: -0.24
12 months-to-Date Efficiency: +37.48%
Quantity Traded: 488.51 million shares
Market Cap: N89.52 trillion.

High 5 gainers

ROYALEX: Up 9.80% to N2.24
NSLTECH: Up 6.67% to N0.80
CHAMS: Up 6.13% to N3.29
PRESTIGE: Up 5.75% to N1.84
DAARCOMM: Up 5.66% to N1.12

High 5 losers

MCHNICHOLS: Down 10.00% to N3.33
IKEJAHOTEL: Down 9.80% to N20.70
FTNCOCOA: Down 8.33% to N5.50
NB: Down 7.64% to N70.15
HONYFLOUR: Down 6.79% to N20.60

Buying and selling quantity

There was a slight improve in buying and selling quantity at 488.5 million shares, in comparison with 431.1 million shares within the earlier session.

UNIVINSURE led the exercise chart with 79.5 million shares traded.
ZENITHBANK adopted with 58.6 million shares.
Nigerian Breweries (NB) got here in third with 32.5 million shares.
UBA and NSLTECH rounded out the highest 5 with 31.9 million and 22.1 million shares respectively.

Buying and selling worth

By way of worth, ZENITHBANK dominated the market with trades price N3.8 billion.

NB trailed with N2.4 billion.
GTCO recorded N1.7 billion.
UBA posted N1.3 billion.
MTNN accomplished the highest 5 at N277.6 million.

SWOOT & FUGAZ efficiency

The SWOOTs (Shares Value Over One Trillion Naira) posted a blended efficiency.

INTERNATIONAL BREWERIES gained 3.23%.
NIGERIAN BREWERIES slipped 7.64%.

Among the many FUGAZ shares, efficiency was additionally uneven:

ZENITHBANK gained 2.66%, whereas ACCESSCORP added 0.77%.
UBA shed 2.71%, FIRSTHOLDCO misplaced 1.88%, and GTCO declined 1.06%.

Market outlook

The All-Share Index seems to be rebounding from the current pullback, with some large-cap shares exhibiting renewed momentum.

If the bullish pattern in choose heavyweights continues, the market might lengthen its restoration and probably reclaim the 143,000 degree within the close to time period.