The Nigerian equities market began the week on a flattish note as the NSEASI closed marginally higher by +0.07%. Gains in market heavy weight MTNN (+0.87%), Guaranty(+3.63%), Zenithbank (+1.07%), UBN (+3.05%), and Access (+0.81%) supported the broad benchmark index amid a quiet trading session. Point amassed the advancer offset weakness in NB (-10.00%), ETI (-2.17%), Guinness(-1.85%), Fidelitybk (-1.10%).
Market turnover was N1.33bn ($3.31mln), though boosted by trades in Dangcem ,Guaranty and MTNN. The NSEASI ytd return stood at -15.74%. We expect the market to witness the same sentiment in the next session.
