Market Wrap 11/10/2021

The NGXASI retreated by -0.38% to settle at 40,714.22points in today’s session, due to sell pressure on NB (-6.06%), Stanbic (-2.56%), Buacement (-2.50%), GTCO (-2.10%), Guinness (- 1.86%) and Fbnh (- 1.02%). Nevertheless, ETI(+9.52%),Wapco (+4.93%), CAP (+1.03%), Access (+0.53%) and Zenithbnak (+0.20%) advanced.

Turnover was N2.59b ($6.29m) buoyed by trades in Buacement, GTCO, and Zenithbank. The YTD return on the NGX index is  +1.10%. We expect the market to maintain a similarly trading pattern in the coming session.

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