Market wrap 25/11/2021


Today’s trading activities on the Nigerian equities market ended on a negative note as the NGXASI depreciated  by -0.32%  to settle at 43,108.77. Weakness recorded  in Oil & gas stocks Seplat (-3.63%), and MRS (-9.87%) largely contributed to the southward  movement in the index. Other notable laggards were ETI (-8.57%), NB (-5.14%), UACN (-4.31%), UBN (-4.04%) and GTCO (-1.75%)   (-4.55%), Though most stocks closed flat, Honeyflour (+9.79%) recovered  while UCAP (+1.55%), Afriprud (+0.79%), Stanbic (+0.66%), Fidelitybk  (+0.39%) advanced in the session .

Turnover was N4.22b ($10.26m) dominated by trades in Seplat, GTCO, Zenithbank and NB . The YTD return on the NGX index edged higher to +7.05%. We expect the market to maintain a similarly trading pattern in the coming session.


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