The NGX All-Share Index ended the day virtually unchanged, slipping by 0.07% to close at 95,832.29 points. Despite this, market breadth was slightly positive, with 24 gainers outnumbering 19 losers. Notable gainers included transcohot (+2.09%), Fidelity (+2.34%), NB (+2.32%), Wapco (+1.08%), Ucap (+3.34%), Sterling (+1.98%) and Access (+0.26%). However, these gains were outweighed by declines in Oando (-8.66%), UBA (-1.79%), FBNH (-1.21%), GTCO (-0.66%), Transcorp (-1.85%), and Nascon (-8.39%).
Market turnover reached N7.3 billion ($4.6 million), with trading activity largely driven by Oando and GTCO. Year-to-date, the index has gained 28.25%. We expect the market to hold steady in the next session.