Market wrap 23/02/2021

The NSEASI (+0.03%) inched up as impressive full year 2020 result of Zenith Bank Plc wet investors’ appetited in the day. Point amassed in  Zenithbank (+4.84%) along with its peers UBA (+1.19%), Guaranty (+0.82%) and Flourmill (+6.16%), Guinness (+4.07%) contributed to the day’s performance. However market breadth closed in the negative region with 16 gainers and 24 laggards; as NB (-8.47%), Fidelitybk (-3.75%), Dangsugar (-2.70%), PZ (-0.93%) among others declined.

Market turnover was N3.85bln ($10.04mln) though boosted by trades in Zenithbank, Guaranty, and Fbnh . Year to date performance moderated -0.26%. We expect the market to maintain a similar trading pattern in the coming session.

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