Mixed sentiment in today’s trading session as the NSE key indicator retreated marginally by -29bps to settle 38,930.68 points. Though most stock closed on a flattish note, negative movement in Wapco (-2.04%) coupled with sell off in Zenithbank (-2.00%) and some of its peers ETI (-0.99%), Guaranty (-0.66%), Fcmb (-2.41%) and Stanbic (-0.59%) dampen today’s performance. These notwithstanding, UACN (+10.00%), Fidelitybk (+7.95%),CAP (+7.66%) and Access (+1.25%) advanced on dividend announcement. Other key movers were Guinness (+5.90%), NB (+5.15%), Custodian (+7.58%) and Flourmill (+0.69%).
Market turnover was N2.32bln ($6.07mln) buoyed by trades in Uacn, Flourmill, Guaranty and Stanbic. Year to date performance edged lower to -3.33%. We expect the market to maintain a similar trading pattern in the coming session.
