Daily Financial Market Report for February 05, 2019

Dear Client/Reader,

Nigerian Bourse Maintains Positive Stance…ASI Inches By 0.09%

The Nigerian Equities Market (NSE) closed on a positive note as positive sentiments dominated trading activities. The All Share Index (ASI) increased by 9 basis points to close at 30,773.57 points. Market Capitalization gained N10.96 billion to close at N11.48 trillion while the Year-to-Date (YtD) returns closed at -2.09%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish except for the Consumer goods sector which closed negative by -0.14% due to negative sentiments in Dangsugar (-3.23%) and Honyflour (-2.44%). The Insurance and Oil & Gas recorded the biggest gains of 1.03% and 0.39% respectively due to positive sentiments in CHI plc (6.90%) and Aiico (3.13%); Oando (3.09%) and Eterna (1.18%). Similarly the Industrial and Banking sectors advanced by 0.22% and 0.21% respectively due to bargain hunting in Betaglass (10.00%); Access (1.61%) and Guaranty (0.74%).

Market activity measured by aggregate volume increased by 4% while value appreciated by 181%. Investors traded a total of 190 million units of shares valued at ₦2.93 billion in 3,183 deals. 

NASD Market             

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) went down by 0.27% to close at 744.61 points. Market Capitalization also declined by 27 basis points to settle at N534.96 billion. Market activity measured by aggregate volume declined by 4.15% while value increased by 189.70%. Investors traded a total of 311,600 units of shares valued at N13.21 million in 9 deals. Three securities traded on the OTC Platform today and they include CSCS Plc, WAMCO Plc and Niger Delta Exploration Plc.

Please find attached our daily market report for today, February 05, 2019.

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