Tepid trading activities on the Nigerian equities market as the NGXASI closed flattish, appreciating marginally by +0.01% in the day. Though most stock closed unchanged, the index’s performance was on account gains recorded in Presco (+2.94%) , Ucap (+3.38%), Vitafoam (+2.33%), and GTCO (+0.17%). Market breadth closed in the positive region with 2 advancer to every laggard. Nevertheless, ETI (-3.77%), UBN (-2.68%) and Fbnh (-0.68%) declined.
Market turnover was meagre at N1.19bln ($2.90 mln), though buoyed by trades in NB, and crosses in Sterlnbank . The YTD return on the NGX index moderated to -5.76%. We expect the market to maintain a similar trading pattern in the coming session.
