The NSE All Share Index(-0.87%) further retreated on account of sell off in market heavy weight; Mtnn (-4.65%), Dangcem (-2 49%) as well as weakness in Wapco (-0.47%), Bocgas (-9.99%), Fcmb (-5.84%) and Fidelitybk (-0.89%). Nevertheless, positive movement in Oil & gas majors Seplat (+9.99%), Total (+4.49%), coupled with gains in Access +(5.19%), Guinness (+4.53%), Dangsugar (+2.03%) and Stanbic (+2.00%) among others salvaged some valuable points in the day.
Market turnover was N4.81bln ($12.57mln) dominated by trades in Zenithbank, Mtnn,Guaranty and Access. Year to date performance edged lower to -2.87%. We expect the market to maintain a similar trading pattern in the coming session.
