The NGX All-Share Index closed slightly lower, slipping by 0.12% to 95,718.05 points, though, market breadth remained somewhat positive, with 21 stocks gaining against 17 that declined. Key gainers in today’s session included Oando (+9.99%), Transcorp (+8.49%), UBA (+1.36%), Ucap (+7.35%), and GTCO (+0.11%). Nevertheless, these gains were dimed by weaknesses in Transcohot (-10.00%), Stanbic (-4.74%), Buafoods (-0.24%), FBNH (-1.72%), Fidelity (-3.20%), and Zenithbank (-0.26%).
Market turnover was robust, reaching N5.9 billion ($3.7 million), with Oando leading trading activity. Year-to-date, the index has risen by 28.01%. We anticipate the market to trade within current levels in the next session.