Market Wrap 21/08/2020

Trading activities on the Nigerian equities market closed on a brighter note as the NSEASI appreciated marginally by 0.07% to settle at 25,221.87 points. Although, most stocks closed flattish, today’s performance was largely underpinned by upward movement in NB (+2.86%), Unilever  (+1.45%) and Intbrew (+9.09%). Nonetheless, Fidelitybk (-1.10%), UBA (-0.75%), Guaranty (-0.59%), and Zenithbank (-0.59%) all declined alongside select consumers; UACN (-5.98%), Okomuoil (-1.25%), Presco (-0.97%) and Dangsugar (-0.79%).


Market turnover was N1.75bn ($4.53m) and was boosted by mixed crosses in Guaranty, NB and Zenithbank. The NSEASI ytd return closed at -6.04%. We expect the market to witness similar sentiments in the coming session.

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