The NGX All-Share Index rebounded from its flattish intraday position, closing higher by 19bps to settle at 104,744.43 points. This performance was driven by an uptick Dangote Cement (+2.34%), which provided a major boost to the index. Other notable gainers included Transcorp (+3.48%), Oando (+2.01%), Wapco (+0.93%), Honeywell Flour Mills (+10.00%), Nahco (+5.58%), and NB (+1.47%).
On the flip side, the banking sector saw some pullbacks, with Access (-1.50%), FCMB (-3.93%), Zenith Bank (-0.49%), FBNH (-0.51%), Sterling (-1.85%), and Wema (-1.82%) closing lower.
Market turnover was robust at N11.8 billion ($7.7 million), with late-session block trades in FBNH dominating activity—83 million shares worth N2.4 billion changed hands. Aradel, GTCO, Zenithbank and Accescorp were also among the actively traded stocks. Year-to-date, the ASI is up +1.77%. With investors keenly awaiting earnings releases, market sentiment remains cautiously optimistic, and we expect a similar trading pattern as the month winds down.