Large cap stocks dominated today’s trading activities as the All Share Index appreciated marginally by +0.11% to settle at 39,550.36 points. Impressive performance in cement manufacturer Dangcem (+3.31%) as well as positive movement in UACN (+1.95%), Fidelitybk (+1.68%) and FBNH (+0.68%) supported the broad index to close northwards. On the contrary, consumer goods player, Nestle (-9.09%), and Unilever (-3.45%) plummeted in the session while Mansard (-2.22%), ETI (-0.89%), Oando (-0.80%), Zenithbank (-0.21%) and GTCO (-0.18%) succumbed to sell pressure.
Market turnover improved to N3.08 bln ($7.49 mln) buoyed by crosses in Nestle. The YTD return on the NGX index moderated to -1.79%. We expect the market to maintain a similar trading pattern in the coming session.
