Late gains in Mtnn on offshore buying ahead of dividend payment, recovery in FBNH and unsurprising uptick in Okomu among others salvaged the index into the green zone. Big banks; GTCO, Zenith remained pressured post dividend mark down, even as UBA continue to struggle to break rank from 7.70/7.75 levels in recent sessions. Also, late sell down in NB was observed. Overall, minimal PMs buying was observed on the last day of the quarter particularly in the usual big cap names.
ASI’s performance on the day stood at 13bps whilst ytd was 9.95% with a few outlier such as Buafood, PZ, Guinness etc. Expect market sentiments to remain muted in the interim in the absence of fresh incentives.