Daily Financial Market Report for September 25, 2020

Daily Financial Market Report for September 25, 2020

Dear Client/Reader,

Bullish trend still persists…ASI surged by 128 Basis Points

The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 1.28% from 25,987.14 to close at 26,319.34. Market Capitalization increased by N173 billion to close at N13.75 trillion while the Year-to-Date (YtD) improved as it closed at -1.95%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as four sectors closed in the green zone today. The Consumer Goods, Banking, Industrial and Insurance indices increased by 2.45%, 2.01%, 1.58% and 0.44% respectively, owing to buy interests recorded in the shares of Nb (9.82%) and Flourmill (6.70%);  Guaranty (3.85%) and Stanbic (3.58%); Wapco (8.51%) and Dangcem (2.28%); Cornerst (9.23%). However, Oil & Gas declined by 0.51% due to sell interests in the shares of Oando (-9.78%) amongst others. 

NASD Market

The NASD market was bullish after today’s trading activities as the Unlisted Securities Index (USI) increased by 1.32% to 732.57. Consequently, Market Capitalization improved by 1.32% to N538.12 billion. Market activity measured by aggregate volume went down by 99.52% while value declined by 93.32%. Investors traded a total of 5000 units of shares valued at N687,500.00 in 1 deal. Wamco Plc was the only traded security in the NASD today.

Please find attached our Daily Financial Market update for today, September 25th, 2020.

Thank you.

Click here for the Daily Financial Market update.

Share this post

Scroll Up