Market wrap 03/11/2022

Trading activities *in the domestic equities market as the NGX ASI remain subdued, closing down by 10bps to settle at 44,236.70 points. Today’s performance was on account of negative movement in Unilever (-8.29%), Oando (-5.92%), Geregu (-3.57%), Fbnh (-1.00%), NGXGROUP (-0.99%), and Zenithbank (-0.25%) among others. On the contrary, UBA (+0.74%), Sterlnbank (+0.72%), and Accesscorp (+0.63%) recorded mild gains

Turnover was N1.9bln ( $4.3mln) dominated by block trade in Accesscorp. The YTD return on the NGX index tapered to +3.56%. We expect the same trading pattern in the coming session .

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