November 15, (THEWILL) — The Nigerian equities market closed largely unchanged today as investors adopted a cautious approach, with gains and losses almost evenly split.
Market capitalisation opened at N93.480 trillion and edged up slightly to N93.501 trillion, while the All Share Index (ASI) moved from 146,981.17 units to 147,073.59 units, reflecting minimal upward momentum.
The market recorded 31 gainers and 30 losers, highlighting a near equilibrium in market activity.
Top Gainers:
PRESTIGE rose 9.84 percent (N1.22 to N1.34)
NCR gained 9.64 percent (N23.55 to ASOSAVINGS advanced 9.57 percent (N0.94 to N1.03)
GUINEAINS appreciated 9.57 percent (N1.15 to N1.26)
TIP climbed 8.81 percent (N10.10 to N10.99)
Top Losers:
UNIONDICON declined -10.00 percent (N7.00 to N6.30)
TRIPPLEG eased -9.98 percent (N4.91 to N4.42)
ABCTRANS fell -9.91 percent (N4.24 to N3.82)
REGALINS dropped -9.60 percent (N1.25 to N1.13)
SOVRENINS lost -7.32 percent (N3.14 to N2.91)
Unchanged Stocks:
Dangote Cement
FirstHoldCo Plc
Lafarge Africa Plc
Champion Brewery
Golden Guinea Brewery
The trading session reflected a cautious investor mood, with gains and losses nearly balanced. While select stocks posted strong double-digit gains, similar declines in other counters suggest that traders were selectively taking profits and maintaining cautious exposure.
Analysts expect the market to remain range-bound in the short term, with investors monitoring upcoming corporate earnings and sector developments to guide further movements.
Ogochukwu Onwaeze
