Trading activities in the Nigerian equities market closed on a brighter note as the NSE All-Share Index remained unbeaten. The broad index appreciated by +1.28% to settle at 26,319.47 points, largely due to points amassed by cement manufacturers Dangcem (+2.28%) and Wapco (+6.74%) as well as impressive movement in NB (+9.82%). Also, the session recorded positive sentiment in some bellwether banking stocks; Guaranty (+3.85%), Stanbic (+3.58%), Access (+2.29%), FBNH (+1.98%) and Zenithbank (+1.19%) together with some notable tickers; Presco (+7.07%), Flourmill (+6.70%), Jberger (+4.67%), Nascon (+4.00%)and Guinness (+3.32%). Nevertheless, Oando (-9.78%),Cadbury (-5.41%), UACN (-3.17%) and Dangsugar (-1.60%) among others pared the board’s performance.
Market turnover was impressive at N4.28bn ($11.06mln), buoyed by domestic related blocked trades in Dangcem as well as mixed interest in Zenithbank, Guaranty and Stanbic. The NSEASI ytd return moderated to -1.95%. We expect the market to witness similar sentiments in the next session.