The Nigerian equities market closed today with a notable gain, as the All-Share Index rose by 0.65% to 106,574.71 points. This performance was significantly influenced by a 5.30% increase in Dangote Cement, an index heavyweight.
Other stocks contributing to the upward trend included Transcorp, which rallied by 8.91%, UBA (+1.84%), Zenith Bank (+0.98%), FBNH (+0.93%), Honeywell Flour Mill (+9.93%), NAHCO (+5.45%), Eterna (+9.93%), Access (+0.36%), and Beta Glass (+6.15%). On the other hand, the market faced downward pressure from declines in NB (-5.00%), Oando (-0.99%), Fidelity Bank (-1.01%), GTCO (-0.24%), and Ucap (-2.13%).
Market turnover was decent at N11.73 billion ($7.80 million) with significant activity observed in Transcorp, Oando, Access, Zenith, and GTCO. Year-to-date, the index has appreciated by 3.54%. Looking ahead, investors market participants are closely monitoring upcoming economic indicators and corporate actions to inform their investment strategies.