The local equities bourse closed slightly higher today, gaining 13bps to settle at 104,630.30 points, signaling a measured start to the new month. The market saw strength in MTNN (+1.24%), Presco (+10.00%), Okomu Oil (+9.99%), Transcorp (+1.89%), and Beta Glass (+10.00%), which helped keep the index in positive territory. However, losses in Zenith Bank (-1.19%), FBNH (-1.50%), Nigerian Breweries (-3.63%), Wapco (-1.13%), and UBA (-0.53%) weighed on overall sentiment.
Market turnover was decent at N13.3 billion ($8.8 million), driven by active trading in Zenith Bank, FBNH, UBA, MTNN, and Access Holdings. Year-to-date, the index is up by 1.66%. As investors continue to assess corporate actions and earnings releases, we expect measured positioning and selective trading in the sessions ahead.