The NGXASI kicked off the week with a slight resilience today, inching up by just 0.08% to close at 106,621.94 points, reflecting a near-flat performance. Gains in TRANSCORP (+9.91%), DANGSUGAR (+8.11%), ACCESSCORP (+2.31%), FCMB (+9.89%), FIDELITY (+1.45%), AFRIPRUD (+9.85%), ZENITHBANK (+0.42%), STERLING (+3.91%), ETERNA (+9.96%), UCAP (+2.76%), and GTCO (+0.17%) helped support the market. However, weakness in FIRSTHOLDCO (-2.73%), ETI (-4.75%), OANDO (-3.57%), WAPCO (-1.33%), UBA (-0.92%), and TOTAL (-4.93%) weighed on overall sentiment.
Market turnover stood at N17.6 billion ($11.6 million), with notable activity centered around fragmented trades in GEREGU, which saw 9 million shares exchanged, valued at N9.4 billion, though the stock price remained unchanged. Additional liquidity flowed through ZENITHBANK, FIDELITY, AFRIPRUD, and ACCESSCORP, contributing to overall market activity. Year-to-date, the index is up by 3.56%. Given the prevailing trend, we anticipate a similar trading pattern next session, with cautious optimism and selective bargain hunting.