Lukewarm trading activities on the domestic equities market today, as the broad index declined marginally by -4bps to settle at 38,706.13. Though most stock closed flattish, weakness in Guaranty (-1.75%), Fbnh (-1.37%), Fidelitybk (-1.79%) and Fcmb (-0.35%) masked mild gains recorded in Zenithbank ( +0.99%) and Seplat (+0.92%) as buyers remained away from risky assets.
Market turnover was N2.68bln ($7.01mln) buoyed by trades in Guaranty and Zenithbank. Year to date performance edged lower to -3.89%. We expect the market to maintain a similar trading pattern in the coming session.
