Cornerstone, Consolidated high NGX gainers as ASI climbs to N92 trillion

The Nigerian All-Share Index continued its upward run, including 172.5 factors to shut at 144,995.3, a 0.12% rise from the day prior to this’s 144,822.8 and its eighth consecutive achieve.

Buying and selling exercise remained regular, with 507.4 million shares exchanged, solely barely under the 519 million recorded within the prior session.

Market capitalization, nevertheless, inched greater to N92.03 trillion, in comparison with N91.92 trillion the day prior to this.

On the gainers’ chart, Cornerstone Insurance coverage and Consolidated Hallmark Insurance coverage led the pack, advancing 9.92% and 9.52% respectively.
Conversely, LivingTrust Mortgage Bank and Austin Laz & Co. topped the losers’ chart, shedding 10% and 9.74%.

AccessCorp and Ellah Lakes have been the day’s most actively traded shares, driving a lot of the market’s quantity.

Market abstract

Present ASI: 144,995.3
Earlier ASI: 144,822.8
Day Change: +0.12%
Yr-to-Date Efficiency: +40.87%
Quantity Traded: 507.4 million shares
Market Cap: N92.03 trillion.

High 5 gainers

CORNEST: Up 9.92% to N6.65
CONHALLPLC: Up 9.52% to N4.37
CHAMS: Up 9.22% to N4.62
VFDGROUP: Up 9.17% to N11.90
INTENEGINS: Up 8.82% to N2.96

High 5 losers

LIVINGTRUST: Down 10.00% to N5.94
AUSTINLAZ: Down 9.74% to N3.15
JULI: Down 9.60% to N8.95
LIVESTOCK: Down 7.50% to N7.40
TANTALIZER: Down 6.45% to N2.32

Buying and selling quantity

Buying and selling quantity slowed barely, closing at 507 million shares in comparison with 519 million recorded the week earlier than.

ACCESSCORP led the pack with 45.8 million shares, adopted by ELLAHLAKES with 39.4 million.
CHAMS ranked third with 30.8 million shares, whereas SOVRENINS and ARADEL accomplished the highest 5 with 27.7 million and 22.5 million shares, respectively.

Buying and selling worth

When it comes to worth, ARADEL led with trades value N13.1 billion.

DANGOTE CEMENT adopted with N1.5 billion, whereas ACCESSCORP posted N1.19 billion.
LAFARGE recorded N644 million, and ELLAHLAKES closed the record with N594.3 million.

SWOOT & FUGAZ Efficiency

Shares Value Over One Trillion Naira (SWOOTs) confirmed combined efficiency.

MTN gained 2.27%, whereas LAFARGE and (1.98%) and DANGOTE CEMENT (0.93%), closed positively.
NIGERIAN BREWERIES additionally rose 1.32%.

Alternatively, FIDELITY BANK misplaced 4.30%, ARADEL declined 1.59%, and STANBIC IBTC slipped 1.37%.

FUGAZ Efficiency:

Among the many tier-one banks, UBA gained 0.71%.
ACCESSCORP and FIRSTHOLDCO have been unchanged, posting no worth motion for the day.

In distinction, GTCO shed 4.04%, whereas ZENITH BANK dipped 0.58%, rounding off a combined session for the banking giants.

Market outlook

The Nigerian All-Share Index seems to be regaining its bullish momentum, with shopping for stress that would carry it again above the 145,000-point degree.

Sustained positive aspects in large-cap shares may additional strengthen the rally within the close to time period.