The local equities bourse closed the week on a positive note, rising by 17bps today to end at 102,353.68 points. The gain was driven by upticks in Oando (+9.28%), NB (+2.74%), Intbrew (+5.88%), Cornerstone (+9.73%), Honeywell Flour Mills (+7.49%), and FBNH (+0.52%).
However, the session saw declines in key stocks, with Transcorp (-5.91%), Dangsugar (-4.94%), Access Holdings (-1.63%), PZ (-9.09%), and Zenith Bank (-0.32%) weighing on market sentiment.
Market turnover stood at N11.8 billion ($7.6 million), supported by early active trading in BUA Foods, with significant offers being lifted, though the stock remained under selling pressure. Trades in Access Holdings, Oando, and Aradel further boosted activity. Year-to-date, the ASI is down by -0.56%. Looking ahead, we anticipate investors repositioning for the coming week as they navigate evolving market dynamics.