Market Wrap 27/08/2021

Trading activities on the Nigerian equities market closed on a flattish note as the All Share Index appreciated marginally by +0.02% to 39,485.65 point. Today’s performance was on account of mild gains recorded in BOCGAS (+6.31%), Dangsugar (+2.00%), Oando (+1.69%), Flourmill (+1.22%), UBA (+0.67%), Zenithbank (+0.41%), MTNN (+0.29%) and UCAP (+0.28%). On the contrary, Unilever (-10.00%), Nascon (-9.87%), AIICO (-4.85%), GTCO (-0.90%), NAHCO (-0.61%) and UACN  (-0.45%) all declined.

Market turnover was at  N 1.85 bln ($4.50 mln) boosted by trades in GTCO and Zenithbank.  The YTD return on the NGX index dipped to -1.95%. We expect the market to maintain a similar trading pattern in the coming session.

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