Feeble trading activities on the domestic equities market as the All Share Index retreated by -0.06% to settle at 39,508.41point. Today’s performance was on account of weakness in CAP (-3.47%), ETI (-1.75%), WAPCO (-1.35%), UBA (-0.66%), Zenithbank (-0.61%) and Cadbury (-0.56%). Nevertheless, market breadth closed in the positive region with 24 gainers and 15 laggards. Points amassed in MRS (+9.92%), Dangsugar (+2.57%), UACN (+1.99%), Flourmill (+0.69%), FBNH (+0.68%) and GTCO (+0.35%) salvaged some valuable points.
Market turnover was at N 1.64 bln ($3.97mln) boosted by trades in Nestle, MTNN and Zenithbank. The YTD return on the NGX index edged lower to -1.89%. We expect the market to maintain a similar trading pattern in the coming session.
