The local bourse closed the holiday-shortened week on a positive note, rising 38bps to settle at 104,242 points, buoyed by renewed buying interest across banking and consumer names. ETI (+8.94%) and Nigerian Breweries (+9.86%) led the gainers’ chart, supported by solid performances in Custodian (+6.55%), Oando (+6.24%), Fidelity (+5.77%), AccessCorp (+2.79%), and UBA (+1.26%). However, mild weakness in MTNN (-0.41%), FirstHoldCo (-1.60%), and DangSugar (-1.19%) capped overall market gains.
Meanwhile, FCMB traded ex-dividend today for a final dividend of ₦0.55 (reference price: ₦8.55), rebounding to close +1.65% after intraday weakness. NASCON, also ex-dividend for ₦2.00 (reference price: ₦41.95), declined by 4.55%.
Market turnover stood at ₦7.9 billion ($4.9 million), with activity concentrated in MTNN, Fidelity, AccessCorp, GTCO, and Zenith Bank. Year to date, the ASI is up +1.28%. As the earnings season continues to unfold, we expect investor sentiment next week to be driven by fresh dividend declarations, and broader macro signals—especially post-inflation positioning and market liquidity.