Daily Financial Market Report for December 05, 2018

Daily Financial Market Report for December 05, 2018

Dear Client/Reader, 

Positive Sentiment On Dangcem Lifts The ASI By 47 Bps

The Nigerian equities market (NSE) again closed positive as the bulls maintained dominance. The bench mark – All Share Index (ASI) appreciated by 0.47% to close at 31,151.68 points. Market Capitalization also improved by N52.7 billion to close at N11.37 trillion while the Year-to-Date (YtD) returns settled at -18.54%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish except for the Industrial and Insurance indices which appreciated by 0.85% and 0.58% respectively due to gains in Dangcem (2.70%); Linkassure (8.93%) and Lasaco (7.41%). Conversely, the Banking and Oil & gas indices recorded the largest losses as they declined by 1.02% and 0.61% respectively arising from sell offs in Guaranty (-1.81%) and Zenith (-0.62%); Seplat (-2.46%). In the same vein, the Consumer goods sector also closed in red due to losses in Intbrew (-4.23%)  and Honyflour (-3.64%).

Market activity measured by aggregate volume improved faintly by 0.05% while value also increased by 9%. Investors traded a total of 199 million units of shares valued at ₦2.31 billion in 2,845 deals.

NASD Market

The NASD market rebounded to close bullish after today’s trading activities as positive sentiments prevailed. The Unlisted Securities Index (USI) appreciated by 2.70% to close at 713.17 points. Market capitalization also gained 2.70% to settle at N495.67 billion. Market activity measured by aggregate volume increased significantly by 20,807% while value also improved massively by 5,893%. Investors traded a total of 25.6 million units of shares valued at N489 million in 12 deals. Six securities traded which include; CSCS Plc, Wamco Plc, Food concepts, Afriland Properties , Niger Delta Exploration Plc and Trustbond mortgage bank.

Please find attached our daily market report for today, December 05, 2018.

Daily Report for 05122018

Share this post


Scroll Up