December 28, 2023

Market wrap 28/12/2023

Market wrap 28/12/2023

Trading activities closed on a positive note today, as the All share index recovered from previous session weakness to closed up by +0.99%.  The performance was on account of gains recorded in  Jberger (+9.94%), Mtnn (+4.58%), Dangcem (+2.20%),  Stanbic (+8.20%), Mansard (+5.97%), Dangsugar (+1.23%), and Zenithbank (+0.53%) among other. On the flipside, UACN (-10.00%), UCAP(-7.53%), Flourmill (-2.94%), UBA (-1.57%), Nahco (-0.93%), FBNH (-0.84%), GTCO (-0.50%), Fidelitybk (0.47%), Wapco (-0.32%), NB (-0.27%) and Accesscorp (-0.22%) finished   in the negative region.

Turnover was N5.67bln ( $6.29mln) though dominated by trades in Zenithbank, MTNN and Accesscorp . We anticipate the same trading pattern in the coming session.