In a dynamic display of market vigor, the Nigerian equities market witnessed a bullish surge today, up by 1.25%, settling at 109,171.82 points. This was predominantly fueled by a 10% leap in Dangcem. The day’s rally was further bolstered by gains in ETI (+8.12%), GTCO (+0.79%), Honeywell Flour Mill (+9.95%), PZ Cussons (+9.96%), FBNH (+0.61%), Jaiz (+5.29%), NAHCO (+5.00%) and Fidelity (+1.02%). However, the bullish sentiment was a bit tempered by declines in UBA (-0.76%), Oando (-0.85%), FCMB (-2.61%), Conoil (-1.86%) and Eterna (-6.57%).
Market turnover, which stood at N9.2 billion ($6.1 million). Notable trading activities were observed in Zenith Bank, Aradel Holdings, Oando, UBA, and Access Holdings. Year-to-date, the ASI has appreciated by 6.07%. Looking ahead, we anticipate that the prevailing trading patterns will persist into the next session.