Market wrap 13/12/2023

Impressive performance in selected banking stocks propelled the All share index to surpass 72,000 levels, inching up + 0.55% to settle at 72,299.79 at the close of the session. For specifics, Accesscorp (+8.09%), FBNH (+4.97%), UBA (+3.45%), Zenithbank (+2.54%), Fidelitybk (+1.65%), GTCO (+1.01%),FCMB (+3.68% ) and Fidelitybk (+1.65%) were prominent on the gainers chat. Other notable advancers were Transcohot (+6.83%), Oando (+4.27%), UCAP (+1.12%) and Wapco (+0.17%). On the contrary, Eterna (-8.03%), Flourmill (-4.57%), Unilever (-2.01%), Glaxosmith (-1.18%), Dangsugar (-0.61%) and Wemabank (-0.39%) closed lower.

Turnover was N8.08bln ( $10.17mln)  boosted by trades in GTCO ,Zenithbank and UBA. We anticipate the same trading pattern in the coming session.

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