Market wrap 18/09/20

The Nigerian equities market concluded today’s session on a positive note, as the  ASI rose by 16bps to settle at 25,572.57 points. Gains in Dangsugar (+7.14%), Access (+1.57%), Guaranty (+1.40%),ETI (+1.27%), FBNH (+1.02%) and  FCMB (+0.98%) contributed the most to the upward movement recorded in the equities market. Due market breadth closed in the positive region, activities remained subdued as most counters finished flat.

 Market turnover was meager at N1.84bn ($4.77m), though boosted by trades in MTNN, Zenithbank, and Fbnh. The NSEASI ytd return dipped further to -4.73%. We expect the market to maintain this trading pattern in the next session.



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