Today, the ASI appreciated by +1.43% to close at 60,968.27 points due to sustained positive sentiments towards equities. Month end portfolio rebalancing pushed Airtelafri (+4.75%), MTNN (+2.32%) higher, while demand supported Accesscorp (+5.06%), GTCO (+1.73%), Stanbic (+2.18%),PZ (+10.00%), NB (+2.39%) and Okomuoil (+ 4.44%) to closed in the positive region. On the contrary, Wapco (-1.34%) and Dangcem (-0.87%) succumbed to sell pressure.
Turnover was N15.96bln ( $21.13mln) largely on account of block trades in Accesscorp, GTCO, Zenithbank and Airtelafri. We expect sentiments to remain positive in the coming sessions as investors monitor policy guidance of the government and expects H1 earnings of quoted companies.