Market wrap 25/01/2021

The ASI (+0.21%) appreciated in the first trading session of the week to settle at 41,088.96 points. ains in Cement manufactures Dangcem (+0.85%) and Wapco (+1.92%) as well as positive movement in telecommunication company Airtelafric (+0.38) largely contribute to index performance. Other key movers were MRS (+9.82%),Mansard (+7.03%),Jberger (+3.17%), Ubn (+6.31%),Fcmb (+1.23%), ETI (+0.77%), Fbnh (+0.68%), Uba (+0.58%) and Access (+0.55%). On the flipside, Ardova (-9.78%), Intbrew (-6.53%),Nascon (-5.81%), Uacn (-1.20%), Unilever (-2.22%) and Dangsugar (-0.99%) all declined.

Market turnover was N2.64bln ($6.87mln) buoyed by trades in Zenithbank, Airtelafric Guaranty, and Dangcem . Ytd performance moderated to +2.03%. We expect the market to maintain a similar trading pattern in the coming session.


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