Cornerstone Insurance Trades 4.2 Billion Shares as All-Share Index Edges Up 0.02%

The Nigerian All-Share Index (ASI) ended trading on Friday, November 14, on a positive note, adding 32.42 points to close at 147,013.59. This reflects a modest 0.02% rise from Thursday’s finish at 146,981.20, pushing the benchmark back above the 147,000 level.

Market participation strengthened significantly as trading volume soared to 4.8 billion shares, a sharp jump from the previous day’s 599 million. Investor sentiment was similarly upbeat in the equity capitalization, which rose to N93.5 trillion across 24,152 executed transactions.

PRESTIGE and NCR led the gainers’ chart, appreciating by 9.84% and 9.64%, respectively. On the flip side, UNIONDICON and TRIPPLEG were the biggest laggards, declining by 10.00% and 9.98%. CORNERST dominated market volume, accounting for 4.2 billion shares—roughly 86% of total turnover.

Market Summary

• Current ASI: 147,013.6

• Previous ASI: 146,981.2

• Day Change: +0.02%

• Year-to-Date: +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 Volume Leaders

• CORNERST: 4.2 billion shares

• ACCESSCORP: 132.6 million shares

• STERLINGNG: 77.2 million shares

• FIDELITYBK: 63 million shares

• FCMB: 57.5 million shares

Trading Value Leaders

• CORNERST: N21.3 billion

• STANBIC: N4.3 billion

• ACCESSCORP: N3.03 billion

• ZENITHBANK: N1.6 billion

• GTCO: N1.53 billion

SWOOT and FUGAZ Performance

Stocks Worth Over One Trillion Naira (SWOOTs) closed mixed. BUACEMENT climbed 3.7%, MTNN rose 0.64%, ARADEL added 0.38%, and Nigerian Breweries gained 0.07%. STANBIC, however, fell 4.55%.

Among the FUGAZ banks, sentiment was largely bearish. GTCO shed 2.82%, UBA declined 2.44%, and ZENITHBANK dropped 0.62%. ACCESSCORP and FIRSTHOLDCO recorded no price change.

Market Outlook

The market continues its corrective rebound after dipping to 141,000 on November 11, aiming to reclaim levels above 150,000 in the near term. Sustained buying interest in large- and mid-cap stocks that recently retraced could provide the momentum needed to push the index higher in the coming weeks.