The NSEASI posted a rare lukewarm performance of 0.00% to close slightly higher by 0.29pts at 28,344.33pts. Though most names remained unchanged, positive movement in Eterna (+9.82%), Guinness (+3.33%), Wapco (+2.06%), Guaranty (+1.52%) , ETI (+1.16%), PZ (+5.00%) and Flourmill (+0.48%) offset losses recorded in Stanbic (-3.41%), Ardova (-3.61%), FBNH (-0.80%) and Access (-0.63%).
Market turnover was N3.14b ($8.1m), driven by mixed crosses in Zenithbank, Guaranty and Stanbic. The NSEASI ytd return stood at +5.60%. We expect the market to maintain the same trading pattern.