Trading activities on the Nigerian equities market closed in the positive region as the NGX ASI appreciated by +0.34% to settle at 53,086.86points. Today’s performance was supported by gains Mtnn (+1.96%) as well as upward movement in Conoil (+9.97%), Eterna (+3.90%), NGXGROUP (+3.13%), Jberger (+2.67%), UBN (+2.40%), FBNH (+2.27%), Wapco (+0.74%) and UBA (+0.65%). On the contrary, Unilever (-3.01%), Aiico (-2.94%), ETI (-1.275), Nahco (-0.50%, Flourmill (-0.43%), Zenithbank (-0.43%) and GTCO (-0.22%)
Turnover was N8.90b ($8.9m) supported by domestic related block trades in FBNH . The YTD return on the NGX index improved to +24.28%. We expect the same trading pattern in the coming session .
