The domestic equities market closed on a negative note as the NGXASI depreciated by -0.23% points in the day. The index’s performance was on account of downward movement in Conoil (-10.00%), Flourmilll (-4.38%), NB (-3.13%), Nestlel (-2.79%), Ardova (-2.52%), Fbnh (-2.19%), Wapco (-2.08%), Access (-1.48%), Fidelitybk (-0.67%), and Zenithbank (-0.19%). Nevertheless, NGXGROUP (+6.97%), UBN (+3.33%), Vitafoam (+2.82%), ETI (+1.38%), GTCO (+0.77%), Uacn (+0.55%), Fcmb (+0.29%) and MTNN (+0.25%) all advanced.
Turnover was N3.64b ($8.82m) though boosted by trades in GTCO,Nestle and MTNN . The YTD return on the NGX index dipped to +10.39%. We expect the market to maintain a similar trading pattern in the coming session.