Trading activities on the Nigerian equities market closed on a flattish note as the All Share Index depreciated marginally by -0.01% to 39,201.33 point. Sentiment toward risk asset remained weak as Stanbic (-0.51%), Fidelitybk (-1.29%), FCMB (-1.67%), Zenithbank (-0.83%), Access (-0.53%), and Wapco (-0.44%) all declined in the session. On the contrary, UBA (+ 4.67%), NB(+1.25%), NEM (+1.05%), FBNH (+0.67%), and GTCO (+0.18%) advanced.
Market turnover was at N 3.34 bln ($8.12 mln) boosted by trades in FBNH, NB and Access. The YTD return on the NGX index dipped to -2.66%. We expect the market to maintain a similar trading pattern in the coming session.
