Daily Financial Market Report for December 04, 2018Birgit Kaur
Bargain Hunting Dominates Trading Activities… as ASI Up By 0.68%
The Nigerian equities market (NSE) rebounded to close positive as market players hunted for bargain. The bench mark – All Share Index (ASI) advanced by 68 basis points to close at 31,007.25 points. Market Capitalization gained N76 billion to close at N11.32 trillion while the Year-to-Date (YtD) returns settled at -18.92%.
Sectors performance was mixed
Performance across sectors was mixed as the Banking and Insurance indices appreciated by 2.62% and 0.67% respectively due to gains in Guaranty (3.75%) and Zenith (1.69%); Aiico (1.54%) and Mansard (9.89%). On the flip side, the Industrial and Consumer goods indices recorded the largest losses as they declined by 0.94% and 0.13% respectively arising from sell offs in Wapco (-10.00%) and NB (-0.50%) while the Oil & gas sector closed flat.
Market activity measured by aggregate volume declined by 21% while value also reduced by 22%. Investors traded a total of 196 million units of shares valued at ₦2.12 billion in 2,802 deals.
The NASD market again also closed bearish after today’s trading activities as negative sentiments persist. The Unlisted Securities Index (USI) depreciated by 1.13% to close at 699.44 points. Market capitalization also lost 113 basis points to settle at N482.65 billion. Market activity measured by aggregate volume declined by 85% while value also decreased by 53%. Investors traded a total of 122,311 units of shares valued at N8.16 million in 16 deals. Ten securities traded which include; Airliquid, Cappa & D’alberto, CSCS Plc, Wamco Plc, Food concept, Geo Fluids Plc, Mass telecomm, Mixta real estate, Riggs Ventures and Trust bond mortgage bank.
Please find attached our daily market report for today, December 04, 2018.