ASI crosses 100K mark   

Jan 24 (Lagos) - The stock market kept up its upward trajectory today with another ferocious move higher and closed above the 100,000 mark for the first time in its history.

Stock that made this move possible today were TRANSCORP which reversed higher after a few days of a correction which was more than 20% at a point today. However the bulls showed up and mopped up the available shares. DANGCEM & BUACEMENT were the other two industrial stocks that helped push the index above the 100K mark today. All three stocks were higher on strong volumes today. 

Banking stocks were mixed today with UBA & ACCESSCORP closing slightly lower while ZENTHBANK gained slightly to once again come closer to GTCO in terms of price per unit. 

In the Insurance basket, Cornerstone ( WAPIC ) which is going to de-list gained 10% while NEM declined 10% and PRESTIGE declined more than 8% today. 

Some FMCH companies showed weakness today such as CADBURGY , MAYBAKER & HONYFLOUR however FLOURMILL witnessed a turnaround after declining 10% early in the day to close higher by more than 8% today. 

Among miners, JAPAULGOLD was higher by almost 10% to gain slightly above the price of its special placement. 

reporting for on Wednesday, January 24 2024 from Lagos, Nigeria
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