Trading activities on the Nigerian equities market closed on a positive note as the ASI appreciated by +0.33% to settle at 71907.26 . Today’s performance was on account of upward movement in MTN (+2.08%), UBA (+2.65%), Transcohot (+2.33%), Accesscorp (+0.99%), Oando (+0.96%), FCMB(+0.74%) and GTCO (+0.64%). Other laggards were UACN (-3.45%), Flourmill (-2.82%), Custodian (-2.60%), Oando (-1.44%) and Wapco (-0.17%). However, weakness in Conoil (-9.83%), Eterna (-4.96%), NGXgroup (-2.07%), Mansard (-1.32%), Jberger (-1.15%) and FBNH (-1.07%) pared the index’s performance.
Turnover was N5.87bln ( $7.4mln) dominated by domestic related block trade in Jberger as well as trades GTCO and Zenithbank. We anticipate the same trading pattern in the coming session.