The Nigerian equities market edged higher today, with the All-Share Index climbing 25bps, as investors rotated into key names following a soft start to the week. The gains were powered by strength in MTNN (+3.18%), FirstHoldco (+2.00%), Oando (+2.65%), Dangote Sugar (+3.02%), and ETI (+1.43%), helping to anchor the broader index in positive territory.
However, gains were partially offset by continued weakness in GTCO (-0.60%), Fidelity (-2.06%), Honeywell Flour (-4.76%), and eTranzact (-9.56%), which saw notable sell-side action.
Turnover came in at ₦10.1 billion (US$6.3 million), with flows concentrated in Fidelity, Access, Nigerian Breweries, Zenith, and UBA. Year-to-date, the index is up +8.84%. We expect the market to trade with a slightly cautious tone tomorrow, as investors weigh recent momentum against lingering macro headwinds.