Daily Financial Market Report for August 05, 2020

Dear Client/Reader,

Equity Market Sustains Bullish Momentum…ASI Gains 16 Basis Points

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.16% to close at 24,882.04. Market Capitalization gained N20.92 billion to close at N12.98 trillion while the Year-to-Date (YtD) returns settled at -7.30%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Oil and Gas and Banking indices advanced by 0.11% and 0.07% respectively, on the back of gains recorded in the shares of Mobil (0.92%); Guaranty (1.94%) and Access (0.79%). Similarly, Consumer Goods and Industrial indices increased by 0.01% each, on the back of buy interest recorded in the shares of PZ (3.66%); Wapco (0.43%). Conversely, Insurance index declined by (0.01%) on the back of losses recorded in the shares of Mbenefit (-4.55%) and Lasaco (-4.00%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 48 basis points to close at 702.08. Consequently, Market Capitalization also decreased by 0.48% to close at N515.72 billion. Market activity measured by aggregate volume increased by 1,082.27% while value advanced by 71.36%. Investors traded a total of 1.30 million units of shares valued at N7.09 million in 9 deals. Five securities traded on the NASD platform today and they include: Firsttrust Mortgage Bank Plc, CSCS Plc, NDEP Plc, UBN Properties and WAMCO Plc.

Please find attached our Daily Financial Market update for today, August 05, 2020.

Thank you.

Click here for daily report.