The Nigerian equities market slipped on the day by a marginal 6bps to settle at 105,426.12 points. Zenith bank(-2.25%) closed lower today, as the market reacted negatively to the top lender’s FY2024 numbers. Accesscorp(-2.22%), First HoldCo(-2.44%), UBA(-0.41%), Oando(-3.80%), Custodian(-6.70%) and UACN(-6.90%) also slipped on weak demands. On the positive side, GTCO(+0.23%), Cardbury(+4.42%), Champion(+7.63%), NB(+0.15%) and Sunuassur(+3.17%) provided a bit of succour to the market while large cap stocks – Geregu, Buacement, Dangcem, Buafood and Seplat traded on offer as at close of market.
Market Turnover was N9.2billion($5.99million) buoyed by trades in Zenith Bank Plc, Access Holdings Plc and MTN Nigeria Communications Plc. We anticipate the market to maintain the same pattern in the next trading session.