Equity Market Report   

20th May 2019

The NSE ASI posted its third session of gains since the listing of MTNN. The index added 174bps to settle at 29,374.47 points as it begins to make its way back to the 30,000 point mark on the back of positive MTNN trades. Activity rose further, with turnover rising 44% day on day. The YTD All Share Index has risen from it's previous low of -10.00% to -6.54%, as the bourse continues to show signs of recovery.

What will shape the market tomorrow? 

The positive sentiment surrounding MTNN still continues to drive the market up as some of the broader market  sectoral indices turned positive(consumer goods and Insurance). MTNN remains the main source of respite for the market and thus, we expect another session of gains tomorrow in the absence of conflicting market dynamics. 

Reporting for EasyKobo on Monday , 20 May 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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