The Nigerian equities market (NGXASI: +0.03%) wrapped up the day on a flat note to close at 100,568.60 points. Positive movements were observed in Zenithbank (+1.35%), Jberger (+5.71%), ETI (+1.85%), UBA (+0.88%), Fidelitybk (+0.93%), and GTCO (+0.11%). However, these were counterbalanced by profit-taking in Ucap (-4.07%) and Oando (-3.56%), alongside declines in FCMB (-3.14%) and Intbrew (-4.42%).
Key players like Dangcem, Buafoods, and Buacem showed signs of weakness intraday, though on low volumes but their prices still closed unchanged. Geregu remained flat and quiet throughout the session and FBNH showed intraday gains but closed flat.
Market turnover was relatively low, standing at N3.7 billion ($2.3 million), mainly driven by trades in Ucap. We anticipate the market will sustain its current levels in the next session.