Market wrap 28/02/2023

Today’s trading session closed on a brighter note as the ASI gained 0.86% to settle at 55,806.26 points. Gains recorded in MRS (+10.00%), Stanbic (+9.88%), NGXGroup (+7.41%) Wapco (+5.38%), Geregu (+5.35%), Dangcem (+2.21%) and Guinness (+3.70%) supported the index into the green region. Other notable gainers were: Accesscorp (+2.69%), GTCO (+2.50%), UBA (+2.35%), Zenithbank (+2.12%), Nascon (+1.82%), and Ucap (+2.33%). Although market breath closed in the positive region, Flourmill (-8.44%), Glaxosmith(-2.19%), Sterlnbank (-2.56%) and Custodian (-0.83%) closed in the negative region.

Market turnover printed at  N4.39bln ( $9.51mln) buoyed by trades in Dangcem, Zenithbank, and GTCO. The YTD return on the NGX index improved to +8.89%. We expect the same trading pattern in the coming session.

Our site uses cookies to enhance your experience. By continuing to browse, you agree to our Privacy Policy