The local bourse closed sharply higher today, as the All-Share Index advanced by 1.56% to settle at 108,361.10 points, buoyed by broad-based gains across key sectors. Market sentiment was lifted by a strong rally in telco giant MTNN, which surged +9.16%, alongside robust performances in Nestle (+10.00%), GTCO (+2.44%), ETI (+10.00%), Okomu Oil (+8.25%), Oando (+6.71%), Zenith Bank (+2.24%), UBA (+1.77%), Nigerian Breweries (+2.40%), Sterling Financial (+5.61%), Beta Glass (+9.98%), AccessCorp (+0.95%), and Cadbury (+8.42%). On the flip side, some mild profit-taking weighed on select names such as Transcorp (-3.89%), Presco (-1.20%), FCMB (-2.04%), and Fidelity Bank (-0.50%).
Market turnover stood at ₦13.9 billion (US$8.6 million), driven by trades in GTCO, AccessCorp, UBA, Zenith Bank, and MTNN. Year-to-date, the index is up +5.28%. We expect the bullish momentum to extend into the next session, supported by strong demand for large-cap stocks and sustained earnings optimism.