NSE sustains gains, up 93bps
What shaped the market today?
 After bouncing off a six-day losing streak in the last trading session, the Nigerian equity market maintained positive momentum, adding 93bps on the back of sustained gains in some key sectors. On the global front, European markets closed higher amidst some upbeat earnings releases and a better than expected U.K Q’2 GDP report (output grew by 0.6%, ahead of consensus 0.4%). Asian indices closed mixed as investors look forward to stimulus packages (expected to be worth $265 billion) from the Bank of Japan. U.S markets are set to open higher as investors react to earnings figures from APPLE, COCA COLA and host of other large caps.
 The Financial Services (+198bps) and Industrial Goods (+94bps) sectors closed higher following gains in ZENITHBANK (+250bps), GUARANTY (+496bps), STANBIC (+498bps) and DANGCEM (+289bps). However, the Consumer Goods (-160bps) and Oil & Gas (-19bps) sectors closed lower owing to declines in NB (-446bps), GUINNESS (-104bps), OANDO (-194ps) and FO (-23bps).
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 Market breadth remained positive with 27 advances and 24 declines.
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What will shape the next trading session?
 Given the relatively upbeat market indicators recorded today i.e. positive market breadth and higher turnover, we expect the market to hold on to gains in the session ahead.
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