It was a lively finish on the Nigerian Exchange today as the All-Share Index surged by 1.50%, driven primarily by a 10% rally in Airtel Africa. The positive sentiment rippled across the board, with strong performances from GTCO (+2.05%), WAPCO (+3.09%), Okomu (+3.33%), UBA (+1.31%), Transcorp (+0.70%), NAHCO (+8.39%), Fidelity (+1.65%), Zenith Bank (+0.52%), Nigerian Breweries (+1.02%), NASCON (+2.50%), and FirstHoldco (+0.19%) among others, resulting in a broadly positive market breadth.
On the flip side, a few names lost ground — Oando (-1.85%), Sterling Bank (-3.08%), Jaiz Bank (-4.46%), and Champion (-7.38%).
Market turnover stood at ₦9.9 billion (US$6.2 million), with activity largely centered on GTCO, Zenith, Custodian, Fidelity, and UBA. Year-to-date, the index has advanced +8.43%. We expect sentiment to remain cautiously optimistic in the next session.