The NGX All-Share Index ended the trading day flat (+0.00%). Gains were recorded in Dangsugar (+2.82%), GTCO (+0.42%), and Ucap (+2.14%). However, losses in Zenithbank (-1.20%), GTCO (-0.88%), UBA (-1.30%), Oando (-2.02%) and Accesscorp (-0.52%) countered the day’s gains.The market breadth was relatively flat with 24 gainers against 21 losers. Index heavyweights such as Buafoods, Dangem, Buacem, and Geregu closed flat and remained quiet throughout the session.
Market turnover reached N11.8billion ($7.6million), driven by crosses in Fidelity. We anticipate the market to hold steady in the next session.