The Nigerian equities market edged up today, with the NGX All-Share Index (ASI) ticking up by 15bps to close at 104,788.35 points. Positive sentiment found momentum in Presco (+6.45%), MTNN (+0.75%), GTCO (+1.56%), FCMB (+3.14%), Access (+0.58%), Beta Glass (+9.98%), and Sterling Bank (+2.59%), keeping the index in positive territory. However, profit-taking in Transcorp (-1.85%), Zenith Bank (-1.60%), Stanbic (-1.32%), FBNH (-0.68%), and Fidelity (-0.77%) tempered overall market sentiment.
Turnover was decent at N19.9 billion ($13.2 million), fueled by fragmented trades in Geregu, which exchanged N8 billion worth of shares but closed unchanged. Additional liquidity flowed into cross deals in FBNH and active trades in banking heavyweights Zenith Bank and GTCO. With the index now up 1.81% year-to-date, all eyes remain on upcoming corporate earnings releases, as investors navigate the fine line between cautious repositioning and selective bargain hunting in the sessions ahead.