The All-Share Index advanced by 27bps today, extending its upward trend as broad-based buying interest in key names helped lift the market.
Upward momentum was driven by strength in MTNN (+1.85%), Dangote Sugar (+4.74%), Nigerian Breweries (+3.58%), Okomu Oil (+3.23%), Oando (+2.73%), Honeywell Flour Mill (+9.95%), ETI (+2.03%), Sterling (+4.06%), FCMB (+3.09%), WAPCO (+0.35%), AccessCorp (+0.45%), Custodian (+3.00%), and NNFM (+9.98%)—collectively anchoring the day’s gains.
However, sentiment was tempered by pullbacks in Presco (-5.26%), FirstHoldco (-0.97%), Skyway Aviation (-9.94%), GTCO (-0.43%), UBA (-0.43%), and Zenith Bank (-0.10%), which offered some resistance. Geregu closed unchanged.
Turnover came in strong at ₦17.1 billion (US$10.8 million), buoyed by sizeable crosses in MTNN and GTCO, alongside active trading in Fidelity, Zenith, and Presco. Year-to-date, the index is up +8.72%. Looking ahead, we expect the market to open on a measured note in tomorrow’s session, with investor focus likely to rotate towards sectors showing relative strength.