August 28, 2020

Market Wrap 28/08/2020

Trading activities on the Nigerian equities market closed on a flattish note as the NSEASI rose marginally by 2bps to settle at 25,309.37points. Although, most stocks closed unchanged, gains in Cap (+3.41%), Access (+2.40%), Guaranty (+0.79%) accounted for the mild performance. On the flipside, Guinness (-9.29%), FBNH (-1.98%), ETI (-1.27%), UBA (-0.78%) and UACN (-0.87%) finished the session underwater.

 Market turnover was meagre at  N0.93bn ($2.38m), though boosted by mixed interest trades in Access, Guaranty, Nestle and Dangcem .The NSEASI ytd return stood at -5.71%. We expect the market to witness similar sentiments in the coming session.