Daily Financial Market Report for December 05, 2018Birgit Kaur
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.
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.