Trading activities on the Nigerian equities market closed on a positive note as the All Share Index remained unbeaten, appreciating by +0.24% in the day. Notable, gains in MTNN (+1.31%), Access (+1.18%), UBA (+1.83%), FBNH (+2.07%), Unilever (+5.77%) and Oando (+0.68%) largely accounted for the index’s performance. Though most stock closed flattish, Guaranty (-1.13%), Zenithbank (-0.20%), Guinness (-1.55%) and ETI (-0.77%) all declined.
Market turnover was at N3.33bn ($7.28mln), buoyed by mixed interest related trades in Mtnn, Zenithbank, and Guaranty. The NSEASI ytd return improved to +29.97%. We expect the market to witness the same sentiments in the next session, though not ruling out intermittent profit taking.