Market wrap 13/02/2024

The trading session ended on a bullish note with the All-share index declining by 0.33%, closing at 101,707.70 points. This was as a result of selloffs in some teir-1 banks like, Zenithbank (-3.79%), Gtco (-1.00%), Uba (-4.77%) and this outweighed stocks like Dangsugar (+1.25%), Accesscorp (+0.43%) and Ucap (+3.63%) putting the market in the negative terrain.

Turnover was N4.3bIn ($2.87mln), driven by block trades in GTCO, Dangsugar and Accesscorp. We anticipate a positive trading pattern in the coming session.

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