After a strong showing during the week, the Nigerian equities market pulled back today, with the All-Share Index easing 0.46% to close at 108,733.40 points, as investors booked profits in some stocks.
Weakness in Transcorp Power (-9.98%), Transcorp (-4.55%), Transcorp Hotels (-2.54%), AccessCorp (-2.29%), WAPCO (-1.21%), Nigerian Breweries (-2.40%), Fidelity Bank (-1.23%), Nahco (-2.18%), Ucap (-3.13%) and Zenith Bank (-0.20%) weighed on the broader market.
Meanwhile, GTCO (+1.54%), Presco (+3.51%), Dangote Sugar (+5.56%), Sterling Financial Holdings (+10.00%), PZ Cussons (+7.67%), and First Holdco (+0.39%) provided some offsetting strength.
Market turnover settled at ₦11.2 billion (US$6.9 million), buoyed by trades in GTCO, Zenith Bank, AccessCorp, Dangote Cement, and Presco. The ASI is up 5.65% year-to-date. As the market heads into a new week, we anticipate a more measured tone, with investors likely to adopt a wait-and-see approach amid upcoming earnings releases and policy cues.