Daily Financial Market Report for August 04, 2020

Dear Client/Reader,

Bulls Sustains Dominance on Local Bourse…ASI Gains 31 Basis Point

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.31% to close at 24,841.94. Market Capitalization gained N39.55 billion to close at N12.96 trillion while the Year-to-Date (YtD) returns settled at -7.45%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Insurance and Banking indices advanced by 2.70% and 1.58% respectively, on the back of gains recorded in the shares of Mansard (9.72%) and Aiico (4.71%); Zenithbank (3.67%) and Guaranty (1.31%). Similarly, Oil and Gas and Consumer Goods indices advanced by 0.23% and 0.07% respectively, on the back of buy interest recorded in the shares of Seplat (3.48%) and Oando (2.17%); Flourmill (4.00%) and NB (3.23%). Conversely, Industrial index declined by (0.03%) on the back of losses recorded in the shares of CAP (-9.94%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 88 basis points to close at 705.48. Consequently, Market Capitalization also increased by 0.88% to close at N518.22 billion. Market activity measured by aggregate volume increased by 92.45% while value declined by 50.98%. Investors traded a total of 109,694 units of shares valued at N4.14 million in 9 deals. Four securities traded on the NASD platform today and they include: Food Concept Plc, CSCS Plc, WAMCO Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, August 04, 2020 here