The equities market saw a notable recovery today, snapping its losing streak with a 0.32% gain, closing at 106,780.72 points. This rebound was driven by positive market breadth, supported by gains in Transcorp (+9.98%), UBA (+2.78%), FIRSTHOLDO (+4.42%), DANGSUGAR (+4.35%), GUINNESS (+7.97%), FIDELITY (+2.03%), ZENITHBANK (+0.64%), and FCMB (+3.68%). However, some stocks remained under pressure, with STANBIC (-6.25%), MRS (-10.00%), ACCESS (-0.21%), and NB (-1.25%) closing in negative territory.
Total market turnover stood at N10.2 billion ($6.8 million), with major activity driven by crosses in GTCO and active trades in ZENITHBANK, ACCESSCORP, UBA, and FIDELITY. Year-to-date, the index is up 3.74%. With improving sentiment, we expect the next session to maintain a similar trading pattern unless new factors influence market direction.