Lukewarm trading activities on the domestic equities market as the NGXASI (-0.15%) retreated in today’s session to settle at 38,911.31points. Sell pressure in Wapco (-2.22%) as well as weakness in selected banking stocks; UBN (-3.00%), FBNH (-1.32%),UBA (-0.65%), and GTCO (-0.55%) while other notable market movers closed flattish.
Market turnover was meagre N 1.43 bln ($3.46 mln) though boosted by block trades in Access, Zenithbank and GTCO. The YTD return on the NGX index stood at -3.38%. We expect the market to maintain a similar trading pattern in the coming session.
