Market wrap 14/03/2024

Today, the NGX All-Share Index inched higher by +0.05% to close at 104,056.21 points. This performance was on account of the demand experienced in FBNH (+4.32%), Dangsugar (+3.81%), ETI (+4.55%), Access (+1.52%) and Unilever (+9.59%). On the contrary, UBA (-3.86%), MTNN (-0.40%), Zenith (-1.28%), INTBREW (-9.91%), GTCO (-0.79%), Fidelity (-2.80%) and Transcorp (-0.61%) were the key laggards of the day, leaving behind a flattish market breadth.

Turnover was N7.408 bln ($4.61 mln) due to block trades in FBNH, Transpower and MTNN. Year to date, the index is up by 39.16%. We anticipate the same trading pattern in the upcoming session.

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