The Nigerian equities market closed on a brighter note as the NGXASI appreciated by +0.10% to settle at 39,210.10 point in the day. Positive movement in Unilever (+4.96%), ETI (+ 4.00%), Dangsugar (+1.43%), Zenithbank (+0.65%), Access (+0.62%), Stanbic (+ 0.43%) and Guaranty (+0.35%) accounted for the day’s performance. On the contrary, Cap (-4.76%), Afriprud (-3.94%), Uacn (-0.91%), Fbnh (-0.69%), and Flourmill (-0.17%) all recorded mild decline.
Market turnover was N2.24bln ($5.42mln), boosted by trades in Zenithbank, Nestle and Guaranty. The YTD return on the NGX index moderated to -2.63%. We expect the market to maintain a similar trading pattern in the coming session.