The Nigerian stock market closed on a mildly positive note on Friday, 14th November, as the All-Share Index (ASI) inched up by 0.02%, adding 32.42 points to settle at 147,013.59. This slight rebound helped the market reclaim the 147,000-point threshold, signaling a steady yet cautious recovery.
Market Activity Surges With 4.8 Billion Shares Traded
Investor participation strengthened significantly during the session. Total trading volume spiked to 4.8 billion shares, a dramatic increase from 599 million shares recorded the previous day.
Market capitalization also reflected the positive sentiment, rising to ₦93.5 trillion across 24,152 deals, as buyers took positions in highly traded equities.
Top Gainers and Losers of the Day
On the gainers’ chart,
- PRESTIGE led with a 9.84% rise
- NCR followed closely, appreciating 9.64%
However, not all stocks advanced.
- UNIONDICON declined 10.00%,
- TRIPPLEG slid 9.98%, topping the laggards’ list.
Cornerstone Insurance Dominates Market Volume
The highlight of the day was Cornerstone Insurance (CORNERST), which captured investor attention by trading a massive 4.2 billion shares—representing 86% of the total market volume.
This exceptional activity positioned CORNERST as the clear volume leader.
Other top-traded stocks included:
Top 5 by Volume
- CORNERST – 4.2 billion shares
- ACCESSCORP – 132.6 million shares
- STERLINGNG – 77.2 million shares
- FIDELITYBK – 63 million shares
- FCMB – 57.5 million shares
Top 5 by Value
- CORNERST – ₦21.3 billion
- STANBIC – ₦4.3 billion
- ACCESSCORP – ₦3.03 billion
- ZENITHBANK – ₦1.6 billion
- GTCO – ₦1.53 billion
SWOOTs and FUGAZ Stocks Close Mixed
Stocks Worth Over One Trillion Naira (SWOOTs) delivered a mixed performance:
- BUACEMENT gained 3.7%
- MTNN rose 0.64%
- ARADEL added 0.38%
- Nigerian Breweries improved by 0.07%
- STANBIC declined by 4.55%
Within the FUGAZ banking group, market sentiment leaned negative:
- GTCO fell 2.82%
- UBA slipped 2.44%
- ZENITHBANK dipped 0.62%
- ACCESSCORP and FIRSTHOLDCO remained unchanged
Market Outlook: A Slow but Steady Recovery
After pulling back to 141,000 points on 11th November, the market is gradually correcting and appears to be on a recovery path. Analysts expect that continued bullish momentum—especially from the large-cap and mid-cap stocks that recently retraced—could help push the index closer to the 150,000-mark in the coming weeks.
For now, the improved liquidity and heightened investor interest in key stocks, led by Cornerstone Insurance, signal growing confidence in the Nigerian equities market.
