Market wrap 03/02/2021

The Nigerian equities market ASI (-0.10%) dipped marginally today due to negative movement recorded in Wapco (-1.61%), ETI (-4.84%), Guaranty (-2.07%), Fcmb (-1.19%) as well as selected consumer goods; Uacn (-3.43%), Flourmill (-3.03%), Glaxosmith (-0.70%) and Dangsugar (-0.24%).  Though most stock closed flattish, Ardova (+ 4.96%), Unilever (+2.82%), Zenithbank (+2.47%), Eterna (+7.69%) and UBA (+0.57%) all advanced in the day.

Market turnover was N5.31bln ($13.89mln) buoyed by trades in Zenithbank, and Guaranty. Year to date performance moderated to +4.09%. We expect the market to maintain a similar trading pattern in the coming session.

Our site uses cookies to enhance your experience. By continuing to browse, you agree to our Privacy Policy