WATCH THE VIDEO HERE The Nigerian All-Share Index (ASI) edged slightly lower on January 13, shedding 83.81 points to close at 105,367.25, a 0.08% dip from the previous day’s 105,451.06. Despite the minor decline, the index maintained its position well above the 105,000-threshold. Market activity also saw a modest decrease, with total trading volume slipping by 1.07% to 505 million shares, down from 511 million recorded in the prior session. Meanwhile, market capitalization dipped slightly to N64.2 trillion, holding firm above the N64 trillion benchmark across 14,259 transactions. The session featured standout performances among gainers, with CAP and NEIMETH advancing by 10.00% and 9.96%, respectively. Conversely, LASACO led the laggards, falling by 10.00%, followed by NNFM, which declined by 9.99%. Market participation remained moderate, with TANTALIZER and UNIVINSURE emerging as the most actively traded stocks, significantly driving the day’s turnover. The market saw a slight dip in trading activity, with volume declining by 1.07% to 505 million shares. Despite this, trading remained robust, led by notable performances: On the value front, GTCO led the market with transactions worth N1.4 billion, underscoring strong investor confidence. SWOOT category FUGAZ stocks The FUGAZ group, comprising FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, delivered mixed performances: Despite the session’s slight decline, the All-Share Index remains resilient above the 105,000-point mark. With building momentum in mid- and large-cap stocks, the index appears poised to challenge the 106,000-point level in the near term.
Market Wrap: All-Share slips 0.08% as LASACO leads decliners, CAP tops gainers
