The Nigerian equities market closed higher for a second straight session this week, with the All-Share Index advancing 53bps to 105,305.25 points, supported by gains across banking stocks and select consumer names. Market breadth leaned positive, reflecting sustained investor interest.
Leading the gainers were UBA (+5.91%), FirstHoldco (+5.89%), Fidelity Bank (+8.29%), AccessCorp (+4.64%), Dangote Sugar (+8.48%), and GTCO (+1.67%), as investors continued to take positions in names with strong fundamentals. On the downside, MTNN (-1.24%), TotalEnergies (-5.37%)—which traded ex-dividend today for a ₦40.00 payout (reference price: ₦705.00)—and MRS Oil (-9.95%) were the major laggards.
Market turnover stood at ₦18.3 billion ($11.4 million), with activity led by Fidelity, GTCO, MTNN, Zenith Bank, and AccessCorp. Year-to-date, the ASI has gained 2.31%. We expect the market to maintain a positive tone in the next session, supported by continued interest in banking and consumer stocks, though some profit-taking in recent gainers cannot be ruled out.