Market wrap 13/04/2021

Today’s trading session finished on a negative note as the ASI dipped by -29bps to settle at 38,601.83 points. The index’s performance was due to weakness recorded in Mtnn (-2.38%), Wapco (-0.48%), Guinness (-2.65%), CAP (-1.70%), Jberger (-1.00%) Zenithbank (-0.45%), and. Nevertheless, Stanbic (+5.75%), Guaranty (+0.17%), Fbnh (+1.37%), Fcmb (+3.21%), Fidelitybk (+0.40%) and Mansard (+3.23%) all advanced

Market turnover remained meagre at N2.91bln ($7.63mln) boosted by trades in Guaranty, Dangcem, Mtnn and  Zenithbank. Year to date performance edged lower to -4.14%. We expect the market to maintain a similar trading pattern in the coming session.

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