Market wrap 19/10/2020

Trading activities on the Nigerian equities market was somewhat lukewarm as the NSEASI (0.00%) inched down by 0.38pts to close at 28,659.07 in the day. Today’s performance was tepid as wweakness in Zenithbank (-2.55%), Wapco (-1.86%), Fbnh (-1.56%),Cadbury (-3.11%) and UBA (-1.39%) and  offset gains recorded in Conoil (+9.72%), Guinness (+4.75%), Flourmill (+1.62%), Guaranty (+1.48%), ETI (+1.10%) and Ardova (+5.83%).

Market turnover was N3.39b ($8.85m), driven by mixed interest in Zenithbank, Guaranty and UBA . The NSEASI ytd return stood at +6.77%. We expect the market to witness similar sentiments in the coming session


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