CHAMS PLC Leads Top Performers as All-Share Index Increases by 0.07%

By Zekeri Idakwo

The All-Share Index (ASI) increased by 0.07% on the floor of the Nigeria Stock Exchange on Thursday, with a year-to-date return of 31.5% and a market capitalisation of NGN 36.89 trillion.

Economic Confidential reports that the market has dropped by 1.1% over the last 7 days but it is up by 68% over the past year.

FTSE Russell had downgraded Nigeria from ‘Frontier’ to ‘Unclassified’ market status due to the FX crisis, which could affect the foreign portfolio investment in the Nigerian stock market.

At the close of business on Thursday, CHAMS PLC was up by 10.00% at 1.10 NGN, followed by CUTIX PLC which was up by 9.95% at 2.43 NGN and CORNERSTONE INSURANCE CO PLC which was up by 9.38% at 1.40 NGN. CAVERTON OFFSHORE SUPPORT GROUP PLC was also up by 8.46% at 1.41 NGN.