The Nigerian equities market rebounded from its losing streak, with the All-Share Index gaining 0.87% in today’s session. This positive momentum was largely driven by a 9.91% surge in BUA Foods, alongside notable gains in Honeywell Flour Mills (+5.51%), Eterna (+6.25%), UCAP (+1.33%), and NASCON (+1.43%). However, on the flip side, some key stocks traded lower, including FBNH (-1.58%), Zenith Bank (-0.59%), FCMB (-4.11%), AccessCorp (-0.90%), and Nigerian Breweries (-2.23%).
Market turnover stood at ₦8.6 billion ($5.7 million), with strong trading activity in AccessCorp, Zenith Bank, Fidelity, UBA, and MTNN. Year-to-date, the ASI has climbed 5.52%, signaling sustained investor interest. As the market awaits the outcome of the Monetary Policy Committee (MPC) meeting, investors remain watchful, given its potential impact on market sentiment. In the near term, we expect the market to sustain its current levels.