The All-Share Index eased by 7bps as investors balanced profit-taking in key names against late-month portfolio adjustments.
Losses in GTCO (-2.90%), Oando (-5.83%), Conoil (-9.99%), DangSugar (-4.64%), FirstHoldco (-1.77%), Honeywell Flour (-8.70%), and Beta Glass (-10.00%) weighed on the index, reflecting cautious investor sentiment in select names. However, resilience in key counters like MTNN (+1.85%), ETI (+4.82%), Zenith Bank (+1.03%), Transcorp (+0.47%), UCAP (+4.17%), and Nigerian Breweries (+0.44%) helped cushion the broader market decline.
Turnover was exceptionally strong at ₦64.1 billion (US$40.4 million), driven by a ₦49 billion worth of block trades in UBA. Other notable flows were seen in MTNN, Zenith, GTCO, UCAP, and AccessCorp. Year-to-date, the index has returned +8.54%. As we step into a new month, we expect a cautious but selective tone to persist, with investors positioning around earnings and macro developments.