Daily Financial Market Report for December 19, 2018

Dear Client/Reader,

Equities Market Pares Previous Day Gains… as ASI Sheds 35 Bps.

The Nigerian Equities Market (NSE) returned to losing position as negative sentiments prevailed in market bellwethers. The bench mark – All Share Index (ASI) declined by 0.35% to close at 30,704.98 points. Investors lost N40 billion to close Market Capitalization at N11.22 trillion while the Year-to-Date (YtD) returns weakened to-19.71%.   

Sectors performance was significantly bearish

Performance across sectors was significantly bearish except for the Consumer goods and Insurance indices which appreciated by 1.18% and 0.23% respectively due to gains recorded in NB (2.35%) and Nestle (1.38%); Lasaco (6.90%) and Wapic (2.50%). On the other hand, the Oil & gas and Industrial indices recorded the largest losses as they depreciated by 2.99% and 1.14% respectively due to losses in Seplat (-6.53%) and Total (-1.52%); Dangcem (-1.59%) and Wapco (-0.84%). Similarly, the Banking index also declined by 0.21% arising from sell offs in Guaranty (-1.14%) and Zenith (-1.31%).

Market activity measured by aggregate volume decreased by 37% while value declined by 23%.Investors traded a total of 215 million units of shares valued at ₦1.73 billion in 2,975 deals. 

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) went down by 0.73% to close at 709.47 points.Market capitalization also declined by 73 basis points to settle at N493.10 billion. Market activity measured by aggregate volume increased by 35% while value also advanced by 41%. Investors traded a total of 50.3 million unit of shares valued at N640 million in 17 deals. 8 securities traded on the OTC platform today.

Please find attached our daily market report for today, December 19, 2018.