The local equities market closed in the green today, advancing by 58 basis points to settle at 104,788.25 points, as renewed investor confidence drove broad-based gains across the banking and consumer goods sectors. Top gainers included Zenith Bank (+4.02%), GTCO (+2.62%), Fidelity Bank (+8.94%), UBA (+3.52%), First HoldCo (+1.83%), Transcorp (+1.26%), Dangote Sugar (+3.37%), Oando (+1.98%), and Honeywell Flour Mills (+8.87%), all contributing to the day’s positive momentum.
However, weakness in Access Holdings (-1.19%), alongside declines in Eterna (-9.90%), CAP (-7.45%), NGX Group (-3.23%), and Custodian (-1.16%), tempered overall market sentiment.
Market turnover stood at ₦9.7 billion ($6.1 million), with trading activity dominated by Access Holdings, Zenith Bank, MTNN, GTCO, and UBA. Year-to-date, the NGX ASI has now gained +1.81%. With sentiment stabilizing and investors gradually returning to risk assets, we anticipate continued selective interest in banking and dividend-paying stocks in the next trading session.