The Nigerian equities market kicked off the final trading week of the month on a flattish note, inching up by just 7 basis points to close at 96,037.31 points. Today’s slight uptick was supported by gains in Buafoods (+4.20%), sustained demand in Oando (+9.93%), and renewed investor confidence in Okomuoil (+9.99%), Dangsugar (+3.25%), and FBNH (+0.98%). However, these gains were muted by declines in Access (-4.76%), Ucap (-8.35%), Transcorp (-1.67%), Unilever (-5.26%), and GTCO (-0.22%). Despite the mixed performance, market breadth remained positive, with 54 gainers outpacing 37 losers. Dangcem, Buacem, and MTN Nigeria showed signs of weakness intraday but ultimately closed flat.
Market turnover was subdued, standing at ₦3.9 billion ($2.5 million), with trading activity driven primarily by Zenith Bank, Oando, and United Capital. Year-to-date, the index is up by +28.44%. We anticipate the market to remain stable in the next trading session.