The NGX All-Share Index ended the day on a cautious note, slipping by a marginal 5bps to close at 102,788.19 points, as investors weighed gains and losses across key sectors. Positive performances from Transcorp (+2.77%), GTCO (+1.67%), UBA (+2.34%), Zenith Bank (+1.16%), FCMB (+3.92%), FBNH (+0.71%), Access Holdings (+0.61%), and Sterling Bank (+2.78%) provided a much-needed lift. However, these gains were tempered by weakness in MTNN (-0.81%), Dangsugar (-6.54%), Nascon (-5.13%), Etranzact (-7.69%), Intbrew (-2.91%), and NEM (-6.23%).
Market activity was vibrant, with turnover hitting N22.7 billion ($14.6 million). Seplat and Aradel saw fragmented trades, while active trading in GTCO, and UBA, along with a significant off-market transaction in BUA Foods, bolstered overall activity. The year-to-date performance of the ASI is still in the negative territory, down by -0.13%, as the market continues to grapple with mixed signals. Looking ahead, investors are expected to tread cautiously, keeping an eye on key developments as the week comes to an end.