Market wrap 10/03/2022

The ASI (+0.16%) appreciated marginally to settle at 47,363.98 points amid quiet trading activities. Today’s performance was largely on account of gains UACN (+9.84%), Presco (+8.74%), Nascon (+3.85%) Okomuoil (+ 2.19%),Dangsugar (+1.27%),MTNN (+0.98%), Zenithbank (+0.75%) and Access (+0.50%). On the contrary, Stanbic (-1.43%), Flourmill (+1.13%), NB (-0.96%), and GTCO (-0.57%) all declined.

Turnover was N4.47b ($5.80m) though boosted by trades in Mtnn, Presco and Zenithbank . The YTD return on the NGX index improved to +10.88%. We expect the market to maintain a similar trading pattern in the coming session.


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