The Nigerian equities market started the week on a flattish note, inching up by just 2bps to close at 102,370.36 points. Gains in Transcorp (+3.30%), Oando (+3.06%), Fidelity Bank (+3.41%), WAPCO (+1.36%), Zenith Bank (+0.43%), and NASCON (+3.59%) supported the marginal uptick.
On the flip side, declines were recorded in PZ Cussons (-6.00%), Honeywell Flour Mills (-7.58%), Wema Bank (-3.74%), FCMB (-0.98%), FBNH (-0.17%), and Access Holdings (-0.21%).
Market turnover was strong at N17.7 billion ($11.3 million), boosted by a significant off-market transaction worth N9.73 billion involving 972,669,052 units of Wema Bank Plc at N10.00. Active trades in Oando, Zenith Bank, and MTNN also contributed to the day’s activity. Year-to-date, the All-Share Index (ASI) is down by 0.56%, reflecting the market’s cautious tone. Similar trading patterns are anticipated in the next session.