The NGX All-Share Index extended its intraday gains, closing 0.57% higher at 104,549.74 points as bullish sentiment in Aradel (+10.00%)—spurred by strong FY 2024 unaudited results—drove investor confidence. Stanbic (+9.92%), NB (+6.25%), UBA (+0.80%), Oando (+0.74%), NAHCO (+4.00%), and Zenith Bank (+0.20%) also contributed to the market’s upward momentum. However, gains were partially offset by declines in Access (-1.11%), DangSugar (-1.23%), Fidelity (-0.51%), UCAP (-1.53%), and Transcorp (-0.10%).
Market turnover stood at N13.5 billion ($8.7 million), led by trades in Aradel, Oando, GTCO, Fidelity, and UBA, alongside a notable off-market transaction of 4,000,000 units of BUA Foods. Year-to-date, the index is now up by 1.58%. Looking ahead, we anticipate more unaudited earnings releases shaping investor sentiment, coupled with month-end rebalancing by portfolio managers as the trading month gradually winds down.