The NGX All-Share Index ended the week in negative territory, dipping 0.24% today, to 104,496.13 points, as negative sentiment in key sectors weighed on performance. Oando (-10.00%), Stanbic (-9.94%), GTCO (-2.01%), Transcorp (-0.93%), Access (-1.14%), and Nascon (-7.32%) were the major drags on the index. However, FBNH (+2.92%), Nestle (+2.63%), NB (+3.77%), and Beta Glass (+10.00%) offered some resilience.
Market turnover remained solid at N15.4 billion ($10.0 million), fueled by block trades in FBNH and GTCO, as well as active trading in Oando and Zenith Bank. Year to date, the index is up by 1.53%. Looking ahead, we expect investors to adopt a cautious approach as the new month kicks off, with a keen focus on the unaudited earnings releases and potential portfolio rebalancing.