Market wrap 15/02/2021

The week commence on a positive note as the NSEASI appreciated by +0.33% to settle at 40,573.31 points. Gains in Oil & gas major Seplat (+10.00%) as well as renew interest in bellwethers stocks; Wapco (+5.05%), ETI (+4.55%), Access (+4.29%), UBA (+4.27%), Jberger (+2.78%), Fidelitybk (+1.67%), Guinness (+1.49%), Gunarnty (+1.48%), Fbnh (+0.69%) and Zenithbank (+0.60%) accounted for the day’s performance.  Market breadth closed in the positive with 31 advancers and 13 laggards. Nevertheless, Mtnn (-1.10%) Conoil (-10.00%), and Dangsuagr (-1.04%) finished the session lower.

Market turnover was N2.16bln ($5.62mln) though boosted by trades in Zenithbank, Guaranty, and Mtnn . Year to date performance improved to +0.75%. We expect the market to maintain a similar trading pattern in the coming session.

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