NSE ASI sustains green close amidst mixed trading
What shaped the market today?
Amidst the sustained uptick in oil prices,
the NSE ASI maintained a green close following late gains in the Consumer Goods
sector. Meanwhile, global markets traded mostly in the green as investors
cheered the recovery in the oil prices (Brent crude touched a new year-high of
$42.51 as at 15:44hrs W.A.T).
The Financial Services sector (-21bps) tarried in bear territory
as ACCESS (-459bps), GUARANTY (-416bps) and ETI (-433bps) remained under sell
pressure. Similarly, the Industrial Goods sector (-28bps) reversed into
negative territory as WAPCO (-359bps) declined. The Consumer Goods sector (+189bps)
however extended its rally following sustained bargain hunting in NB (+500bps),
HONYFLOUR (+519bps), and UNILEVER (+499bps).
GUARNATY topped both the volume and value
charts 46 million units worth N733 million.
What will shape the next trading session?
§ We expect the NSE ASI to leverage the
renewed rise in oil price and sustain gains in the sessions ahead.
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