Sentiment was largely positive in today’s trading session as the ASI appreciated by +0.96%, while returning +2.04% in the month of April to settle at 39,840.28 points. Today’s performance was broad based as Buacement (+7.15%), Mtnn (+1.98%), NB (+1.48%), Access (+1.39%), Zenithbank (+0.45%), Dangsugar (+0.29%), Guinness (+0.18%) and Guaranty (+0.17%) all advanced. On the contrary, weakness in Dangcem (-1.36%), Wapco (-0.45%), ETI (-2.86%), Uacn (-2.83%), UBA (-0.68%) and Fidelitybk (-0.44%) cut back the day’s performance.
Market turnover was N3.11bln ($8.15mln) buoyed by trades in Fbnh, Mtnn, Zenithbank and Access. Year to date performance moderated to -1.07%. We expect the market to maintain a similar trading pattern in the coming session.
