Today’s trading session on the domestic equities market concluded on a negative note as the All Share Index edged lower by -0.40% amid tepid activities. The broad index’s performance was on account of weakness in cement manufacturer Dangcem (-2.64%), as well as negative movement in ETI (-3.67%), Access (-1.10%), FCMB (-0.65%), Zenithbank (-0.61%), Fidelitybk (-0.42%) and GTCO (-0.18%). However, market breadth closed in the positive region with 21 gainers and 18 laggards. Point amassed in Honyflour (+9.86%), Presco (+8.90%), NB (+5.58%), UBN (+4.90%), Jberger (+1.00%), UACN (+0.91%), Dangsugar (+0.84%), UBA (+0.67%) and Vitafoam (+0.61%) salvaged some valuable points in the day.
Market turnover was meagre at N1.54 bln ($3.73 mln). The YTD return on the NGX index edged lower to -2.34%. We expect the market to maintain a similar trading pattern in the coming session.