Market wrap 07/02/2024

The All-share index closed flat (0.00%) today as late gains in Buafoods (+3.82%) alongside other consumer goods and services stocks Intbrew, Oando, PZ salvaged valuable points to mask declines in banking counter amongst others. Market breadth remained negative as 2 losers were recorded for every stock that posted gains today. Most notable among the decliners were Dangsugar, Zenith, GTCO, FBNH (-1.97%) and others.

Locals dominated the trading space as offshore counterparts were observed on the sell side on the market in names like GTCO, NB, Zenith and a few others.

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