The upward trend in the domestic equities market persisted today as the NGX ASI appreciated by +1.90% to settle at 51,903.44 points. Impressive performance in large cap stock MTNN (+9.45%), NB (+10.00%), as well as gains in Cadbury (+10.005), Presco (+4.71%0 and Wapco (+2.73%) supported the index into the green region. Also, upward movement recorded in Intbrew (+9.63%), Conoil (+9.38%), Uacn (+6.56%), CAP (+2.28%), GTCO(+1.50%), Vitafoam (+1.46%), and ETI (+0.78%) among other, contributed to the day’s performance. Though, market breadth closed in the positive region with 36 gainers and 21 laggards, Guinness (-9.59%), Zenithbank (-0.61%), Accesscorp (-0.52%), UBN (-1.59%) and Flourmill (-0.29%) all weakened
Turnover was N5.55b ($13.39m) supported by trades in Seplat, NB, MTNN, GTCO and Zenithbank. The YTD return on the NGX index improved to +21.51%. We expect the same trading pattern in the coming session .
