The All-Share Index inched up by 3bps today as buying interest in key consumer and banking names helped offset losses in select mid and large-cap stocks.
Nestle (+10.00%) led the charge with a limit-up move, buoyed by strong demand. Other notable gainers included Nigerian Breweries (+4.39%), GTCO (+1.17%), Unilever (+9.30%), ETI (+1.72%), IntBrew (+2.08%), Vitafoam (+7.10%), Champion (+6.67%), and UCAP (+3.28%).
On the flip side, headwinds came from steep declines in Fidelity Bank (-5.00%) and Aradel (-8.55%), while AccessCorp (-0.87%), FirstHoldco (-0.80%), Oando (-0.94%), Wema Bank (-3.33%), and NAHCO (-3.48%) also dragged on the index. Geregu Power ended unchanged.
Market turnover came in at ₦13.2 billion (US$8.2 million), with activity led by trades in Aradel, UBA, Fidelity, MTNN, and Custodian Investment.
Year-to-date, the index is up 6.62%. With the MPC opting to hold rates steady amid global and domestic uncertainties, we expect the market to remain cautious in the near term, as investors weigh macro policy stability against lingering inflation and currency pressures.