The Nigerian equities market closed modestly higher today, up by 0.21% to settle at 109,231.96 points, as renewed buying interest in large-cap names helped sustain positive momentum. Gains in Dangote Cement (+1.85%), Transcorp Hotels (+8.62%), Stanbic IBTC (+6.47%), FirstHoldCo (+2.20%), GTCO (+0.74%), AccessCorp (+1.16%), and Beta Glass (+10.00%) were key drivers of the day’s advance. On the flip side, only a handful of counters closed in the red, including Nigerian Breweries (-5.67%), International Breweries (-1.84%), and UACN (-4.35%).
Market turnover came in at ₦14.3 billion (US$8.9 million), with activity led by trades in GTCO, AccessCorp, Fidelity Bank, Zenith Bank, and Dangote Cement. Year-to-date, the ASI is up +6.13%. We expect sentiment to remain cautiously optimistic in the next session, as investors continue to rotate into fundamentally strong names while digesting earnings results and corporate actions.