Market Wrap 09/08/2021

The domestic equities market close today’s session on a negative note as the All Share Index depreciated by -0.63% amid lukewarm trading activities. Weakness in cement manufacturer Dangcem (-3.26%) as well as downward movement in Flourmill (-2.30%),Unilever (- 2.30%), Zenithbank (-0.41%) and Sterlnbank (-0.65%) contributed to the day’s performance. Nevertheless, market breadth closed flattish with 19 advancers and 18 laggards. Gains recorded in Conoil (+9.83%), Vitafoam (+2.67%), Jberger (+2.04%), Dangsugar (+1.69%), UBA (+0.67%), Access (+0.55%), GTCO (+0.54%) and Mtnn (+0.06%) salvaged some valuable points in the day.


Market turnover remain meagre at N1.01bln ($2.46mln). The YTD return on the NGX index edged lower to -4.23%. We expect the market to maintain a similar trading pattern in the coming session.

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