The Nigerian equities market All Share Index appreciated by 11bps today on account of gains recorded in Mobil (+9.43%), Flourmill (+6.93%) Mansard (+9.52%), Bocgas (+9.92%), Guinness (+1.61%), Ardova (+1.52%), Wapco (+1.53%), Access (+1.10%), Zenithbank (+0.39%) and Seplat (+0.08%). On the flip side, Guaranty (-0.31%), Fbnh (-0.68%), ETI(-1.54%), Glaxosmith (-2.78%) and Intbrew (-3.82%) all declined in the day.
Market turnover was N6.96bln ($18.17mln) buoyed by mixed interest trades in MTNN , Zenithbank, Guaranty and Seplat. Ytd performance improved to 0.17%. We expect the market to continue to oscillate around current levels in its bid to finding equilibrium from last year’s gains.
