The trading week concluded on a bright note, with the All-Shares Index climbing by 0.79% today, to close at 103,598.54 points, reflecting a positive market breadth. This upward movement was fueled by gains in several key stocks: MTNN (+1.18%), UBA (+4.29%), Zenith Bank (+3.12%), Fidelity (+4.95%), Accessco (+2.43%), Guinness (+10.00%), FBNH (+1.06%), Unilever (+3.82%), Wapco (+0.71%), GTCO (+0.41%), and Intbrew (+4.00%).
However, not all stocks shared in the optimism. Declines were observed in Conerstone (-6.20%), PZ (-2.13%), and Honeywell Flour Mill (-2.33%), along with some other penny stocks.
Market turnover was deceent at N8.98 billion ($5.8 million). A cross in Nigerian Breweries led the activity, with shares worth N1.3 billion traded. Other actively traded stocks included Accessco, UBA, Zenith Bank, and Transcorp. Year-to-date, the index has returned to positive territory, up by 0.65%. As we look ahead to the coming week, we anticipate investors will be repositioning their portfolios, keeping a close eye on market movements and opportunities.