Trading activities on the Nigerian equities market closed on a positive note as the All Share Index appreciated by have +0.07% to 39,460.68 point. Though most stock closed flattish, upward movement in selected stocks; Wapco (+2.33%), ETI (+2.83%), Dangsugar (+0.84%), Ucap (+0.57%), Zenithbank (+0.21%), GTCO (+0.36%), and FBNH (+0.68%) supported the day’s performance. On the contrary, UACN (-6.55%), Guinness (-2.52%), Flourmill (-0.17%), Access (-1.10%), UBA (-1.32%), Fidelitybk (-1.67%),and FCMB (-0.66%) all advanced.
Market turnover was at N 1.45 bln ($3.50 mln) boosted by trades in Seplat, Zenithbank, GTCO and UBA. The YTD return on the NGX index dipped to -2.01%. We expect the market to maintain a similar trading pattern in the coming session.