Trading activities in the domestic equities market closed on a flattish note as the ASI appreciated marginally by +2bps in the day. Positive movement in selected consumer goods; Intbrew (+9.56%), NB (+1.03%) and Cadbury (+1.40%) as well as gains in some banks: Stanbic (+3.53%), Fcmb (+1.73%), FBNH (+0.81%) and Zenithbank (+0.25%) supported the index into the green region. Market breadth was relatively flattish as Guaranty (-2.48%),UBA (-2.94%), Custodian (-4.76%), and Afriprud (-3.75%) declined in the session.
Market turnover was N5.06b ($12.96m), driven by offshore related crosses in Guaranty and Stanbic. The NSEASI ytd return improved to +5.60%. We expect the market to witness similar sentiments in the coming session.
