The NGXASI appreciated by 20bps today to settle at 97,119.03 points. This positive movement was fueled by gains in Oando (+9.98%), FBNH (+4.60%), GTCO (+1.47%), Zenithbank (+1.37%), MTNN (+0.28%), Ucap (+9.90%), Sterling (+4.69%), Accessco (+0.81%) and Wapco (+0.54%). On the reverse side, Transcorp (-3.70%), ETI (-3.72%), Nestle (-1.81%), UBA (-0.48%) and Wema (-3.17%) recorded losses.
Market turnover was impressive at N12.8 billion ($8.0 million), buoyed by trades in GTCO, Accessco, Zenithbank and Ucap. Year to date, the index is up +29.88%. We anticipate the market to sustain its current trend in the next session.