Trading activities was concluded on a positive note as the All share index appreciated by +2.87% to settle at 94,538.12pts. Today’s performance was largely on account of gains recorded in Buacement (+10.00%), Seplat (+10.00%), Dangcem (+9.98%), Unilever (+8.65%), Nascon (+4.91%), Dangsugar(+4.58%), Wapco (+2.17%), Jberger (+1.22%) and MTNN (+0.69%) among others. On the contrary, Nahco (-9.38), PZ (-9.31%), NB (-4.76%), FCMB (-3.64%), Cadbury (-3.33%), GTCO (- 3.08%) and FBNH (-1.30%) finished lower at the close of the session.
Turnover was N15.04bln ( $17.26mln) dominated by trades in Zenithbank, Transcorp, UBA, and Wapco. The year to date return on the ASI increased to 26.43%. We anticipate the same trading pattern in the coming session.
