The NGXASI slipped back into the red today, closing down 43bps at 106,167.75 points as negative sentiment took hold. Losses in MTNN (-4.22%), TRANSCORP (-1.07%), ACCESSCORP (-1.84%), ZENITHBANK (-1.04%), FIDELITY (-2.57%), and NB (-2.20%) dragged the market lower, erasing earlier gains. On the flip side, some resilience came from ETI (+4.63%), FIRSTHOLDCO (+1.58%), and GTCO (+0.50%), but it wasn’t enough to turn the tide.
Market turnover stood at N7.9 billion ($5.2 million), with the bulk of trading activity centered on GTCO, ZENITHBANK, ACCESSCORP, FIDELITY, and SEPLAT. Year to date, the index remains in positive territory, up +3.15%. With sentiment still cautious, we anticipate a measured trading pattern in the next session as investors tread carefully.