§ Global markets were marked by intraday swings today,
incited by a flurry of contrasting news. They however closed green on China’s
announcement of a cut in its banks reserve
rate and moves by European central banks to boost liquidity in local banks.
§ Despite the volatility in global markets, Nigerian
equities stuck to the flat line today with gains in the ICT (+172bps) and
Agriculture (+160bps) flattened by a 362bps decline in the Healthcare sector.
§ The flat close was aided by weak movements in the
Industrial Goods (1bp) and Financial Services (flat) sectors, as gains in
ZENITHBANK and UBA were nullified by losses in GUARANTY and FIRSTBANK.
Index gained 1bp,
putting YTD returns at -19.52%.
§ The market recorded a turnover of N2.65 billion on
300 million units traded, as volume and value of transactions were respectively
12% and 22% lower than October averages.
§ With 21 losers and 20 gainers, market breadth remained negative.
§ FLOURMILL, NCR and
PRESCO topped the gainers’ chart today, with respective
gains of N1.50, N0.44, and N0.33 whilst GLAXOSMITH, PZ and
ETI led the losers, with respective losses of N1.27, N1.00 and N0.42.
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