The lull in the equities market persisted today as NSEASI (-0.08%) dipped marginally to settle at 40,154.09 points . Sentiment was largely weak as investors remain cautious toward risk asset amid expectation of yield improvement in the fixed income securities. Notable laggards were Wapco (-8.00%) Unilever (-2.51%), Afriprud (-9.59%), Uacn (-0.62%) and Access (-0.60%). Though most stock close flattish, Stanbic (+3.36%), Fcmb (+2.58%),CAP (+1.32%), UBA (+1.20%) Zenithbank (+0.40%), Guaranty (+0.33%) and Guinness (+0.23%) all advanced.
Market turnover was N3.57bln ($9.29mln) though boosted by trades in Guaranty, Zenithbank, Mtnn and Fbnh. Year to date performance dipped to -0.29%. We expect the market to maintain a similar trading pattern in the coming session.
