The Nigerian equities market ended the trading week today on a good note, up by 0.20% to settle at 99,671.28 points. The day’s positive performance was mainly on account of gains in Seplat (+7.18%) as well as positive investor sentiments in Presco (+4.18%), GTCO (+0.66%) and Fidelity (+1.91%). On the reverse side, FBNH (-1.55%), Guinness (-7.14%), Transcorp (-2.09%), Wapco (-1.63%), UBA (-1.09%), Jberger (-5.76%), Sterling (-3.75%) and Zenithbank (-0.13%) were the key laggards for today.
The market breadth was relatively flat with 20 gainers against 21 losers though major players like Buafoods, Dangem, Buacem, and Geregu closed flat as net sellers.
Market turnover stood at N6.8billion ($4.3million) driven by crosses in GTCO and Fidelity. Year to date, the index is up by +33.30%. We anticipate the market to trade around the current levels in the upcoming week.