The NGX All-Share Index gained momentum today, advancing by 49 basis points to close at 96,510.13. The day’s performance was driven by upticks in FBNH (+9.98%), Oando (+9.98%), Okomu oil (+9.98%), Julius Berger (+10.00%), Total (+10.00%), Stanbic (+1.29%), Intbrew (+6.64%), Jaiz bank (+9.09%), Wapco (+1.08%), Access (+0.79%), GTCO (+0.33%) and UBA (+0.45%). Market breadth was notably strong, with 48 gainers outpacing 14 losers. Transcorp (-5.08%), Dangsugar (-4.40%), NB (-1.75%), Sterling (-2.44%) and Fidelity (-0.47%) closed lower.
Market turnover stood at N5.6 billion ($3.8 million), driven by trading activity in Access Bank, GTCO, FBNH, Oando, Zenithbank and UBA. Year-to-date, the index is up by 29.07%. We expect the market to maintain its current levels in the upcoming session.