Positive performance in banking counters, as investors anticipated corporate action announcements and responded to the news of Naira’s appreciation against the US Dollar. The ASI appreciated by +0.25% as the demand for shares in GTCO (+3.28%), partially attributed to offshore investors, alongside other leading banks such as Zenith (+1.27%), FBNH (+2.25%), and Accesscorp (+1.69%) which underpinned this positive sentiments. Transcorp (+3.69%) also saw a revival in its share price following aggressive selloffs earlier in the week, indicating a resurgence of investor interest in the stock, while Unilever (+7.37%), UACN (+7.00%), Oando (+7.93%) closed in the green region. In contrast, PZ (-10.00%) faced a downturn, mirroring the broader weakness observed in the consumer goods sector, which also impacted NB (-3.45%), and Nascon (-0.85%).
The trading session closed with a decent turnover of N14.2 billion ($10.1 million), predominantly led by transactions in GTCO, Zenith Bank, and Accesscorp. The year-to-date return improved to 39.95%, reflecting the market’s robust performance thus far.
