The All Share Index (-0.27%) closed lower today to settle at 28,337.49 points amidst sustained profit taking especially on bellwether counters. Weakness observed in Buacement (-1.45%), MTNN (-0.36%), Guaranty (-0.33%), Zenithbank (-0.25%) and Intbrew (-9.11%) underpinned the day’s performance. Though most stock closed flattish, points amassed in Seplat (+2.50%) on tiny trade, as well as positive movement in Access (+1.28%), Fcmb (+2.21%) and Eterna (+9.92%) salvaged some valuable points to conceal the extent of the day’s losses.
Market turnover closed at N5.09bn ($13.09m), boosted by mixed interests crosses in Guaranty, Zenithbank and UBA. The NSEASI ytd return dipped further to +5.57%. We expect the market to maintain this trading pattern in the next session.
