Market wrap 16/09/2021

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.


Our site uses cookies to enhance your experience. By continuing to browse, you agree to our Privacy Policy