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January 22, 2018

The equities market opened the week on a lower note today, retreating by -0.40% as profit taking in the banks and relative pull back in some other large caps weighed on the index. Despite finding strong support early in the session, banking majors Guaranty(-2.19%) and Zenith eventually retreated under increased sale pressure, whilst FBNH (-1.08%) also witnessed more profit taking, similar to some tier II names. Access(+2.94%) however emerged as the notable gainer in that space. Advances in Brewers NB(+0.57%), and Intbrew(+1.59%), which gained on thin volumes and a cross respectively, were offset by declines in consumer majors-Unilever(-5.96%), Nestle(-2.00%) and UACN (-2.23%). Turnover was impressive at N15.92bn ($44m) buoyed mainly by trades in Transcorp ($25.7m), and blocks in Guaranty($1.5m). The ytd return currently stands at +17.44%, we expect the market...

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January 19, 2018

The equities market suprassed the 45,000pts mark today as improved bets in tier I banks offset profit taking in overbought...

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January 18, 2018

The equities market overcame an intraday pullback to close flat (-0.08%) today as a last minute domestic buying in cement...

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January 17, 2018

The equities market surged to a 9-year high today as the buying frenzy gained more traction amid increased domestic participation....

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