From the trader's desk...   

Aug 26 (Lagos) - The market took a turn into negative territory yesterday, shedding 3bps to close at 39,450.00 points. Investors took profit in DANGSUGAR (-278bps), NAHCO (-271bps), OANDO (-186bps), and GTCO (-71bps), countering gains in the likes of NASCON (+717bps), GLAXOSMITH (+328bps), and UACN (280bps).

 All indices closed the session and week till date in the red, with the exception of the flat close in the Industrial space. On the other hand, market activity traded mixed, as volume inched up by 0.30% to 197m units, while turnover declined by 27.47% to N 1 billion. 

Lastly, market breadth remained negative, with a figure of 0.76x after 21 stocks declined and 16 advanced.
Source - Analysts at Vetiva Capital Management ltd in Victoria Island.

reporting for on Thursday, Aug 26 2021 from Lagos, Nigeria
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