The Nigerian equities market closed on a strong note today, as the All-Share Index rose by 1.17% to settle at 107,822.51 points. This upward momentum was largely driven by a 3.88% gain in Dangote Cement, a key index heavyweight, alongside a 9.99% surge in Transcorp Hotels. Several other stocks contributed to the positive performance, including Transcorp (+1.84%), Presco (+4.53%), Wapco (+2.40%), UBA (+1.29%), NB (+5.11%), ETI (+2.24%), Unilever (+5.82%), FBNH (+0.92%), Honeywell flour mill (+9.99%), Oando (+0.86%), and Eterna (+9.93%). Market breadth remained strongly positive, with most of the day’s losses concentrated in penny stocks. Among the few laggards were Computer Warehouse Group (-8.95%), and WAPIC (-3.10%).
Market turnover was decent at N10.2 billion ($6.8 million), with notable trading activity observed in Zenith Bank, GTCO, Eterna, UBA, and Access Holdings. Year-to-date, the All-Share Index has now appreciated by 4.76%. Looking ahead, market participants are optimistic about the Nigerian stock market’s prospects in 2025, and we expect a similar trading pattern in the next session.