July 13, 2021

Market wrap 13/07/2021

Today’s trading activities on the domestic equities market closed on a flattish note as the NGXASI dipped marginally by -0.0017% to settle at 37,857.24 points. Though most stocks closed unchanged, the index was dragged southward due to negative movement recorded in GTCO (-0.34%), FBNH (-4.00%), Zenithbank (-0.41%), Oando (-0.32%), FCMB (-0.33%) and PZ (-1.72%). Nevertheless, Intbrew (+6.00%), ETI (+1.96%), UACN (+1.54%), Access (+1.10%), UBA (+0.67%), and Sterlnbank (+1.27%) all advanced

Market turnover was meagre at N1.92bln ($4.67mln), though buoyed by trades in GTCO, Zenithbank and Seplat. The YTD return on the NGX index edged lower to -5.99%. We expect the market to maintain a similar trading pattern in the coming session.