Market wrap 26/04/2022

The NGXASI edged higher by +0.05% amid improved trading activities in today’s session. Gains in large cap stocks; Seplat (+6.80%), as well as positive movement in NB (+8.41%), Uacn (+4.35%), Presco (+1.54%), Unilever (+1.49%), Flourmill (+1.41%), UBN(+0.79%),FBNH (+0.42%), and Wapco (+0.37%) supported the day’s performance. On the contrary, MTNN (-0.47%), Zenithbank (-2.94%), Jberger (-2.81%), GTCO (1.42%), ETI (-1.25%), UBA (-1.22%) and Stanbic (-0.28%) closed lower on sell pressure.

Turnover was N7.01b ($16.9m) supported by block trades in MTNN and mixed interest trades in Seplat  Zenithbank, and NB. The YTD return on the NGX index improved  to +13.70%. We expect the same trading pattern in the coming session .


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