Market wrap 26/01/2024

The All share index recorded marginal gain of +0.25% to close at 102,401.9 points. Though most counter closed flat, key movers were PZ (+9.92%), FCMB (+5.71%), FBNH (+5.14%), Nascon (+4.79%), Flourmill (+4.64%) and Dangsugar (+ 3.31%). On the contrary, Intbrew (-3.99%), UACN (-3.47%), NB (-2.03%), Transcorp (-2.94%), NGXgroup (-0.62%), NAHCO (-0.44%) and UCAP (- 0.435%) dominated the laggards.

Turnover was N8.85bln ($9.87mln), supported  by trades in UBA, SEPLAT and GTCO. The year to date return on the ASI increased to 36.95%. We anticipate the same trading pattern in the coming session.

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