The Nigerian equities market ended the week on a strong note, advancing 0.48% to close at 105,933.03 points as investors piled into key banking and industrial stocks. Wapco (+5.71%), Zenith Bank (+3.38%), UBA (+3.03%), FBNH (+3.13%), Fidelity (+4.79%), Transcorp (+0.75%), Presco (+2.22%), AccessCorp (+1.45%), FCMB (+2.59%), NEM (+9.54%), and UCAP (+4.15%) led the charge, driving the index higher. However, losses in Stanbic (-1.59%), DangSugar (-1.92%), Jaiz (-2.94%), Mansard (-2.01%), Sterling (-0.67%), and Okomu Oil (-0.22%) kept gains in check.
Market turnover stood at N13.3 billion ($8.9 million), with Zenith Bank, Presco, Stanbic, AccessCorp, and Okomu dominating trading activity. Year-to-date, the index has climbed 2.92%. Looking ahead, we expect investors to remain strategic, navigating the market with a focus on sector-specific opportunities and key price movements.