Nigerian equities closed modestly firmer today, with the All-Share Index gaining 0.36%, buoyed by strength in key large-cap and mid-tier names.
Momentum was underpinned by broad-based buying interest, particularly in DangCem (+2.27%), FirstHoldco (+8.82%), GTCO (+2.10%), Stanbic (+4.26%), Transcorp (+1.86%), MTNN (+0.42%), and consumer-facing names like Honeywell Flour (+10.00%), NB (+1.93%), Guinness (+4.65%), IntBrew (+3.11%), and Oando (+1.29%), which helped to lift overall sentiment.
However, the upside was tempered by sharp declines in Transcorp Hotels (-9.97%), Julius Berger (-9.94%), Conoil (-10.00%), as well as modest pullbacks in Zenith (-0.72%), WAPCO (-0.70%), UBA (-0.58%), Access (-0.68%), and UCAP (-3.51%).
Turnover came in at ₦16.1 billion (US$10.2 million), driven by strong flows in GTCO, Fidelity, UBA, ETI, and Aradel. Year-to-date, the market has advanced 9.23%, reflecting steady investor interest despite pockets of profit-taking and sector rotation.
Looking ahead to tomorrow’s session, we anticipate sentiment will remain constructive, with selective interest in bellwethers likely to persist.