Daily Financial Market Report for December 11, 2018

Daily Financial Market Report for December 11, 2018

Dear Client/Reader,

Nigerian Bourse Pares Previous Day Loss; ASI Inches Up By 0.34%

The Nigerian equities market (NSE) closed positive after today’s trading activities to pare previous loss. The bench mark – All Share Index (ASI) appreciated by 34 basis points to close at 30,718.72 points. Market Capitalization also improved by N43.8 billion to close at N11.22 trillion while the Year-to-Date (YtD) returns settled at -19.68%.   

Sectors performance was broadly bullish

Performance across sectors was broadly bullish as the Industrial and Consumer goods indices appreciated most by 0.66% and 0.58% respectively due to gains in Dangcem (0.71%) and Wapco (1.63%); Flourmill (5.00%) and NB (0.64%). In the same vein, the Oil & gas sector also inched up by 0.10% due to gain in Forte oil (4.44%). On the other hand, the Banking and Insurance indices recorded losses as they declined by 0.09% and 0.35% respectively arising from sell offs in Guaranty (-1.01%) and Diamond (-7.77%); NEM (-4.26%) and Aiico (-2.99%).

Market activity measured by aggregate volume improved by 31% while value also advanced by 104%. Investors traded a total of 215 million units of shares valued at ₦3.4 billion in 2,933 deals. 

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) appreciated by 2.88% to close at 724.18 points. Market capitalization also advanced by 2.88% to settle at N503.32 billion. Market activity measured by aggregate volume increased by 695% while value advanced by 831%. Investors traded a total of 22,553 unit of shares valued at N4.28 million in 9 deals. Five securities traded on NASD platform which includes CSCS Plc, Wamco Plc, Mixta Real Estate, Niger Delta Exploration and Trustbond mortgage bank. 

Please find attached our daily market report for today, December 11, 2018.

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