The NGX All-Share Index (NGXASI) closed on a positive note today, rising by 62 basis points to settle at 96,802.80 points. Market breadth was notably strong, with 30 gainers outpacing 17 losers. The day’s gains were largely driven by a 7.54% jump in MTNN, fueled by renewed investor confidence. Other key performers included Oando (+6.70%), Transcorp (+2.27%), Custodian (+8.87%), Ucap (+3.47%), GTCO (+0.22%), and Eterna (+6.06%). Conversely, Access (-2.96%), UBA (-2.13%), and Dangsugar (-3.39%) finished in the red.
Market turnover was solid at N13.3 billion ($8.2 million), with significant volumes in Oando and an off-market trade of 5.65 million Transpower shares. Year-to-date, the index has improved to +29.46%. We expect the market to trade around current levels in the coming session.