Market Wrap 13/08/2021

Today’s trading activities on the Nigerian equities market closed on a brighter note as the All Share Index appreciated by +0.11% to 39,533.97 point. Though most stock closed flattish, positive movement in selected stocks; Unilever (+7.99%), NNFM (+2.72%), Wapco (+2.29%), Flourmill (+1.84%), Uacn (+0.50%) supported the day’s performance. Other key movers were some commercial lender’s stocks; Fidelitybk (+2.04%), UBA (+1.33%), FBNH (+0.69%), and Zenithbank (+0.41%). On the contrary, FCMB (-2.58%), Aiico(-2.06%), UBN (-0.95%), Guinness (- 0.63%) and GTCO (-0.16%) all declined.

Market turnover was at  N 3.22 bln ($7.82 mln) boosted by trades in Flourmill,Total and Nestle. The YTD return on the NGX index moderated to -1.83%. We expect the market to maintain a similar trading pattern in the coming session.

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