Market wrap 27/04/2022

Lacklustre trading activities in the Nigerian equities market as the NGXASI recorded a slight gain of +1bps at the close of today’s session. The performance of the broad index was supported by gains in selected comsumer goods stocks; Cadbury (+9.68%), Presco (+8.98%), Guinness (+7.54%), Dangsugar (+3.13%), and Flourmill (+1.69%). Also, Vitafoam (+4.50%), Fidson (+4.33%) ,UBA (+1.23%), Buacement (+0.96%) and Stanbic (+0.71%) all advanced. On the contrary,  UBN (-6.25%), Oando (-4.00%), Zenithbank (-2.62%), Fbnh (-2.07%), NB (-1.64%), Fidelitybk (-1.32%), GTCO (-1.24%), Unilever (- 0.74%), Accesscorp (-0.51%) and ETI (-0.42%) all declined.

Turnover was N2.32b ($5.58m) supported by fragmented trades in Wapco ,GTCO and Zenithbank. The YTD return on the NGX index improved  to +13.71%. We expect the same trading pattern in the coming session .

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