The NGX All-Share Index closed the week on a positive note, rising by 27 basis points today, to settle at 95,973.44 points. This uptick was driven by increased demand from key gainers like Oando (+10.00%), which continued to rally on the back of the Agip deal, as well as Access (+5.00%), Transcorp (+4.35%), Total (+9.98%), FBNH (+1.75%), Ucap (+8.22%), NASCON (+5.59%), Fidelity (+1.42%), UBA (+0.45%), and GTCO (+0.11%), all buoyed by positive market sentiment. On the flip side, WAPCO (-1.07%), Intbrew (-4.44%), and Jaiz Bank (-2.22%) ended the day in negative territory.
Market turnover was N4.6 billion ($2.9 million), with trading activity primarily driven by Access Bank, Oando, and GTCO. Year-to-date, the index is up by 28.26%. We expect the market to trade around current levels in the upcoming session.