The Nigerian All shares index (+0.24%) closed on a positive note to settle at 97,685.64. Today’s performance was on account of an uptick in Geregu(+5.00%) thereby pegging the Power company at N1,050 per share. Other key advancers today are FBNH(+10.00%), GTCO(+1.96%), Flourmill(+10.00%), UBA(+2.32%), Dangsugar(+3.86%) and Nascon(+9.57%) amongst others. Buckling the trend are Oando(-9.94%) on profit taking; Zenithbank(-3.42%) following the share’s mark down for interim dividend of N1 per share, as well as weakness in Transcorp(-1.79%), Stanbic(-0.87%) and Accesscorp(-0.78%).
Market turnover improved to N9.4bn ($5.7m) boosted by trades in FBNH, Oando and UBA shares. Year-to-date the index is up by +30.64%. We expect the market to trade in a similar pattern in the coming session.