Market wrap 25/03/2024

The All-Share Index dipped by -0.49% to close at 104,136.35 points today. This was due to the sell pressure in Dangsugar (-10.00%). Other notable laggards were Transcorp (-8.41%), Ecobank (-7.31%), FBNH (-2.07%), UBA (-2.59%), Access (-1.67%), Zenith (-1.13%) and GTCO (-0.92%). On the other hand, Lafarge (+0.97%), Flourmill (+2.63%), Wema (+1.20%), AXA Mansard (+1.75%) and Ellah Lakes (+10.00%) gains were able to salvage some points for the day.

Turnover was N7.32bn ($5.00mn) due to active trades in Dangsugar, Transcorp, FBNH, UBA, Access Zenith and GTCO. Year to date, the index is up by 39.26%. We expect similar trading patterns in the upcoming session.

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