FCSL WEEKLY MARKET WRAP 18TH FEBRUARY 2022

The Equities market activities performance in the week under review was mixed with bearish sentiments outweighing bullish sentiments. Consequently, NGX All-Share Index and Market Capitalization depreciated by 0.13% and 0.12% respectively.
Top five market advancers for the week includes RT BRISCOE (53%), LEARN AFRICA (46.67%), SCOA NIG. (32%), ACADEMY PRESS (31%) and NCR (20.91%), while top five market laggards include CWG (-9.76%), BERGER PAINTS (-9.58%), NGX (-8.49%), LASACO ASSURANCE (-6.25%), and CONSOLIDATED HALLMARK (-6.15%).
In the Fixed Income space, bullish sentiment was witnessed in the short-dated bond curve riding on the back of unallotted bids from the last bond auction. We expect bullishness to continue in the bond market this week.