The benchmark ASI added 32.42 points to settle at 147,013.59, a 0.02% rise from Thursday’s close at 146,981.20—just enough to reclaim the 147,000 threshold. This slight uptick came alongside one of the most notable jumps in market activity in recent weeks. Trading volume soared to 4.8 billion shares, dramatically higher than the 599 million recorded a day earlier, signaling renewed interest across several counters.
Equity market capitalization climbed to N93.5 trillion as investors executed 24,152 deals. The gainers’ chart was led by PRESTIGE, which advanced 9.84%, and NCR, up 9.64%. Other notable risers included GUINEAINS, ASOSAVINGS, and TIP, which all posted strong single-day gains.
The downturn side of the ledger was dominated by UNIONDICON, shedding the maximum 10%, followed closely by TRIPPLEG at –9.98%. ABCTRANS, REGALINS, and SOVRENINS rounded out the top laggards.
A standout feature of the session was the overwhelming volume driven by CORNERST (Cornerstone Insurance), which alone accounted for 4.2 billion shares, representing roughly 86% of total market turnover. The insurer also topped the value chart, posting N21.3 billion in transactions. Other active counters by volume included ACCESSCORP, STERLINGNG, FIDELITYBK, and FCMB, while STANBIC led the value board behind CORNERST with N4.3 billion.
Performance among major market bellwethers was mixed. Within the SWOOTs category (Stocks Worth Over One Trillion Naira), BUACEMENT climbed 3.7%, while MTNN, ARADEL, and Nigerian Breweries also recorded marginal gains. STANBIC, however, slipped 4.55%.
The FUGAZ group leaned negative, with declines in GTCO (–2.82%), UBA (–2.44%), and ZENITHBANK (–0.62%). ACCESSCORP and FIRSTHOLDCO were unchanged.
Market Summary
- Current ASI: 147,013.6
- Previous ASI: 146,981.2
- Day Change: +0.02%
- YTD Performance: +42.83%
- Volume Traded: 4.89 billion shares
- Market Cap: N93.50 trillion
Top 5 Gainers
- PRESTIGE: +9.84% to N1.34
- NCR: +9.64% to N25.60
- GUINEAINS: +9.57% to N1.26
- ASOSAVINGS: +9.57% to N1.03
- TIP: +8.81% to N10.99
Top 5 Losers
- UNIONDICON: –10.00% to N6.30
- TRIPPLEG: –9.98% to N4.42
- ABCTRANS: –9.91% to N3.82
- REGALINS: –9.60% to N1.13
- SOVRENINS: –7.32% to N2.91
Trading Value Leaders
- CORNERST: N21.3 billion
- STANBIC: N4.3 billion
- ACCESSCORP: N3.03 billion
- ZENITHBANK: N1.6 billion
- GTCO: N1.53 billion
Outlook
The Nigerian market appears to be stabilizing after touching 141,000 on 11 November. Analysts note that a continued recovery in large- and mid-cap names—many of which have recently undergone sharp pullbacks—could support the index’s attempt to climb past the 150,000 mark in the weeks ahead. Overall sentiment remains cautiously optimistic as turnover strengthens and bargain-hunting persists.