Market wrap 14/06/2022

Trading activities on the Nigerian equities market closed resumed on a negative note  as the NGX ASI appreciated by -0.16% to settle at 53,114.65 points. Negative movement in CAP (-9.93%), Stanbic (-2.35%), GTCO (- 2.27%), Dangsugar (-1.23%), Wapco (-1.07%), Zenithbank (-0.66%), UBA (-0.65%) and FBNH (-0.47%) dragged the broad index southwards.  (+1.96%).  Though most stock closed flattish,  NB (+0.79%) and Sterlnbnk (+1.97%) and NGXGRUOP (+0.20%) all advanced.

Turnover was N3.1bln ( $7.45mln) though with the support of trades in GTCO, UBA and Accesscorp. The YTD return on the NGX index improved to +24.34%. We expect the same trading pattern in the coming session .

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