The first trading session of the year was concluded on a bright note as the All share index accelerated by +1.63% to close at 75,990.88pts. The performance was due to positive movement recorded in Airtel (+5.99%), Transcorp (+9.93%), Buacement (+5.15%), Presco(+5.70%), UACN (+9.73%), PZ (+8.61%),NB (+2.78%) and Multiverse (+9.96%) among other.
Although market breadth closed in the positive region, Cadbury (-10.00%),Stanbic (-8.11%), GTCO (-0.99%), Afriprud (-1.35%), Mercury (-10.00%), Intbrew (-2.08%), and Champion (-1.20%) finished lower. Turnover was N5.56bln ( $6.19mln) dominated by trades in Airtel, GTCO and UBA . We anticipate the same trading pattern in the coming session.
