January 6, 2021

Market wrap 06/01/2020

The ASI appreciated marginally by +0.17% to settle at 40,465.15 points. Today’s performance was on account of gains recorded in Bocgas (+9.52%), Flourmill(+3.45%), Intbrew (+2.45%), UBA(+2.38%), Zenithbank (+2.03%) and Fbnh (+0.69%) amongst others. Though most stocks closed flattish, Eterna (-8.17%), Guaranty (-0.15%), PZ (-2.83%) and Afriprud (-1.48%) all declined.

Market turnover was N2.18bn ($5.65m) though buoyed by trades in Guaranty, Zenith, and Stanbic. The NSEASI ytd return moderated to +0.52%. We expect the market to maintain a similar trading pattern in the coming session.