Lagos — Nigerian equities advanced on Tuesday, with the NGX All Share Index rising 0.48% to close at 104,744 points.
Overall market sentiment was steady, with selective sectoral gains supporting the index. Commercial services led performance, climbing 5.49%, followed by consumer non-durables up 4.73%, and transportation up 1.62%.
On the downside, electronic technology fell 2.30%, while health technology and energy minerals declined 0.52% and 0.15%, respectively.
Among large caps, Dangote Cement, BUA Foods, and Aradel ended flat. The banking sector stood out with solid gains, as Guaranty Trust Holdings rose 1.69%, Zenith Bank added 2.27%, and Access Holdings increased 2.49%.
On the trade front, challenges persist as US tariff risks continue to weigh on sentiment. However, initiatives such as strengthened bilateral relations with China may help ease near-term pressures. Overall, the market remains cautiously optimistic.
*Daniel Wesonga, Senior Sales Manager at Pepperstone
