The Nigerian equities market’s heavy weight Nestle (+10.00%),Dangcem (+2.18%) and MTNN (+3.57%) support the NSEASI (+0.07%) to finish today’s session in the green region. Also points amassed in NB (+9.89%), UBN (+6.45%), Jberger (+3.48%) offset weakness in major banking players. The session witnessed profit taking on Access (-10.00%), Zenithbank (-9.75%), UBA (-7.69%), Guaranty (-6.39%), FBNH (-6.19%), and Stanbic (-3.85%) , while Wapco (+6.61%) and Buacement (-3.29%) backtracked in the industrial space.
Market turnover improved to N4.33bn ($11.19mln), boosted by mixed interest trades in Zenithbank, Guaranty and Nestle. The NSEASI ytd return moderated to -15.97%. We expect the market to witness the same sentiment in the next session.
