The NGX All-Share Index (NGXASI) opened the week with a marginal dip, slipping by just 0.08% to close at 105,367.25 points. Weakness in Transcorp (-3.88%), FBNH (-5.63%), Unilever (-8.33%), UBA (-0.58%), MRS (-7.69%), NEM (-7.69%), Custodian (-3.55%), Betaglass (-7.55%), and Access (-0.20%) weighed on the index.
However, gains in Zenith Bank (+1.85%), Oando (+2.48%), FCMB (+5.94%), Presco (+1.51%), and Total (+2.78%) helped offset some of the weakness.
Market turnover was decent at N8.1 billion ($5.2 million), with trading activity centered on GTCO, Betaglass, UBA, and Zenith Bank. Year-to-date, the NGXASI is up by 2.37%, reflecting continued stability in early-year trading. As the week unfolds, we anticipate the market to trade within a narrow range, holding near its current levels.