The domestic equities market edged higher in today’s session as the All Share Index rose by 25bps to settle at 25,291.78 points. The benchmark’s performance was primarily due to points amassed in some Industrial goods; Buacement (+2.83%) as well as upward movement in Jberger (+3.03%), and Wapco (+1.74%). Other advancers on the day were; Fidelitybk (+1.13%), Flourmill (+1.08%), UBA (+0.77%) and Zenithbank (+0.59%). Nevertheless market breadth closed in the negative region with Betaglass (-9.99%), UACN (-1.82%), Access (-1.54%), Intbrew (-1.33%), Guaranty (-0.79%) and Guinness (-0.65%) finishing lower.
Market turnover was meager at N1.17bn ($3.01mln), buoyed by mixed interest trades in UBA, Guaranty and Zenithbank. The NSEASI ytd return moderated to -5.78%. We expect the market to witness the same sentiment in the next session.
