The Nigerian equities market appreciated by 0.17% today, settling at 99,385.44 points and breaking off from its two-day loosing streak this week. Market breadth closed positively with 33 gainers versus 14 losers. Leading the gainers chart were FBNH (+2.99%), Zenithbank (+1.42%), Oando (+10.00%), GTCO (+0.92%), Unilever (+8.18%), Dangsugar (+1.18%), Fidelity (+0.99%), NB (+0.87%), Flourmill (+0.18%), Transcorp (+0.40%) and Access (-0.27%) as investor’s showed optimism in these names. However, UBA (-0.69%) and Sterling (-1.44%) lost some points today. Major players like Buafoods, Buacem, Geregu, Dangcem still remained muted and closed flat.
Turnover stood at N4.1billion ($2.7million), largely driven by trades in Access, GTCO and MTNN. Year-to-date, the market index is up by +32.91%. We anticipate the market to maintain its current levels in the upcoming session.