It was a quiet trading day in the domestic equities market as the ASI closed on flat at 55,603.94 points. Though sentiment was bearish, gains in Dangcem (+0.72%), Fidelitybk (+1.17%), UACN (+7.60%), and Fcmb (+3.49%) sufficiently offset weakness in MRS (-10.00%),Fbnh (-2.61%),Custodian (-1.72%), UBA (-1.72%), Accesscorp (-1.61%), Zenithbank (-1.33%), Wapco (-0.55%), Gtco (-0.38%) and Dangsugar (-0.26%)
Market turnover printed at N2.48bln ( $5.36mln) buoyed by trades Zenithbank, Dangcem and Gtco. The YTD return on the NGX index stood at +8.50%. We expect the same trading pattern in the coming session.