The All share index appreciated by +2.97% to settle at 98,616.97 amid mixed sentiment. The performance of the index was largely on account of gains recorded in large cap counters; Dangcem (+9.99%), Buacement (+10.00%), Buafoods (+7.25%), Seplat (+10.00%) and MTNN (+1.34%). On the flipside, negative movement in PZ (-10.00%), Transcorp (-9.99%), Unilever (-9.45%), Flourmill (-8.87%), Wapco (-6.09%), Dangsugar (-5.06%) and Zenithbank (-4.43%) pared the day’s performance.
Turnover was N16.28bln ( $18.14mln) dominated by trades in Dangcem ,UBA, Accesscorp , Zenithbank and Transcorp. The year to date return on the ASI increased to 31.89%. We anticipate the same trading pattern in the coming session.
