Trading activities on the domestic equities market closed on a brighter note as the ASI appreciated marginally by 29bps to settle at 39,312.74 in the day. Today’s performance was on account of gains recorded in Zenithbank (+ 3.60%), Wapco (+1.46%), UBN (+9.26%), Guaranty (+2.56%), Access (+2.45%), UBA (+1.40%) among others. Though many stocks closed flattish, market breadth was positive with 28 advancers, and 15 laggards. Nevertheless, Flourmill (-4.84%), Stanbic (-2.143), Oando (-1.61%), Glaxosmith (-0.79%), Dangsugar (0.56%) declined.
Market turnover was N3.28bln ($8.57mln) buoyed by mixed interest trades in Zenithbank, Guaranty and domestic related trade in Buacement. Year to date performance moderated to -2.38%. We expect the market to maintain a similar trading pattern in the coming session.