Daily Financial Market Report for September 24, 2020

Daily Financial Market Report for September 24, 2020

Dear Client/Reader,

Bullish trend still persists…ASI Increases by 79 Basis Points

The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 0.79% from 25,783.02 to close at 25,987.14. Market Capitalization increased by N106 billion to close at N13.58 trillion while the Year-to-Date (YtD) returns settled at -3.19%.

Sectors performance was broadly bullish

Performance across sectors was broadly bullish as three sectors closed in the green zone today. The Consumer Goods, Banking and Industrial indices increased by 2.09%, 1.59% and 0.86% respectively, owing to buy interests recorded in the shares of Nb (10.00%), Dangsugar (2.88%) and Flourmill (0.75%);  Access (3.17%), Ucap (2.24%), Fbnh (2.00%) and Guaranty (1.96%); Wapco (6.82%), Fidson (0.86%). However, Oil & Gas and Insurance declined by 0.68% and 0.18% due to sell interests in the shares of Ardova (-9.65%) amongst others. 

NASD Market

The NASD market was bearish after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.55% to 723.01. Consequently, Market Capitalization declined by 0.55% to N531.01 billion. Market activity measured by aggregate volume increased by 2.06% while value improved by 351.62%. Investors traded a total of 1,031,580 units of shares valued at N10,293,794.00 in 5 deals. The traded securities today includes; Wamco Plc, NDEP Plc and Food CPT.

Please find attached our Daily Financial Market update for today, September 24th, 2020.

Thank you.

Click here for the Daily Financial Market Report.

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