Impressive performance on industrial counters; Dangcem (+9.84%) Wapco (+10.00%) , Jberger (+9.82%) and Buacement (+9.96%) boosted the All share index, as the gauge rose by +3.93% today. Other high flyers; Berger, Dangsugar, Flourmill, Nascon, NB, Sterlingng, Transcorp, each recorded +10% movement in the session. Notwithstanding the positive sentiment, Oando (-3.60%), Uacn (-3.13%), UCAP (-1.57%) and Mansard (-1.39%) succumbed to profit taking
Turnover was N16.05bln ( $16.74mln) dominated by trades in Nascon, NB ,and UBA,. The year to date return on the ASI increased to 17.65%. We anticipate the same trading pattern in the coming session.
