The local equities market managed to snap its losing streak but barely moved the needle, edging up by just 2 basis points to settle at 107,798.99 points. AfriPrud (+9.90%), UCAP (+4.76%), Honeywell Flour Mill (+5.33%), NB (+4.16%), FBNH (+1.69%), and UBA (+0.82%) led the gainers’ chart. Meanwhile, OANDO (-7.69%), GTCO (-2.40%), and TRANSCORP (-1.58%) weighed on the market.
Market turnover closed at N8.4 billion ($5.6 million), with the most activity in ZENITHBANK, ACCESSCORP, OKOMUOIL, PRESCO, and OANDO. Despite the sluggish session, the index remains up 4.73% year-to-date, reflecting a cautious but positive start to the year. We anticipate a similar trading pattern in the next session as investors continue to navigate market dynamics.