Market wrap 25/04/2023

Trading activities on the domestic equities’ market closed on a brighter note as the ASI improved by +0.63% to close at 51,681.01point. The performance on the broad  index was due to gains recorded in Berger (+9.87%), Accesscorp (+7.07%), Unilever (+6.72%), Stanbic (+3.93%), CAP (+3.35%), Oando (+2.70%), Dangsugar (+2.34%), MTNN (+2.23%), Wapco (+1.96%), and Zenithbank (+0.46%) among others. Though market breadth closed in the positive zone, NGXgroup (-4.89%), FBNH (-1.79%), Fidelitybk (-2.93%), PZ (-0.84%) and ETI (-0.45%) finished lower at the end of the day.

Turnover was N5.05bln ( $10.96mln) dominated by trades in Transcorp, Accesscorp, Zenithbank  and Gtco. The YTD return on the NGX index improved to +0.84%. We anticipate cautious trading sentiment in the coming days.


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