Downward movement in large Cap stocks Dangcem (-2.19%) and Nestle (-2.65%) dragged the All share index by -0.34% to close at 73768.64. Also weakness in Uacn (-10.00%), Stanbic (-6.01%), Custodian (-5.06%), Okomuoil (-4.51%), Oando (-1.85%), Dangsugar (-1.31%), FBNH (-1.04%), GTCO (-0.62%) and UBA (-0.39%) contributed to the day’s performance. Nevertheless market breadth closed in the positive region as gains recorded in Eterna(+10.00%), Mansard (+9.96%), NGXgroup (+6.58%), FCMB (+4.79%), UCAP (+3.91%), NB (+2.78%), Flourmill (+1.49%), Wapco (+0.48%), MTNN (+0.40%) and Zenithbank (+0.26%) salvaged some valuable point for the day.
Turnover was N12.94bln ( $14.29mln) boosted by domestic related block trades in Geregu . We anticipate the same trading pattern in the coming session.
