Daily Financial Market Report for September 29, 2020
Dear Client/Reader,
Bullish Trend Continues…ASI surged by 39 Basis Points
The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 0.39% from 26,507.84 to close at 26,611.96. Market Capitalization increased by N54 billion to close at N13.90 trillion while the Year-to-Date (YtD) closed at -0.86% from -1.25%.
Sectors performance was significantly bullish
Performance across sectors was significantly bullish. All five sectors closed in the green zone today; Industrial, Banking, Oil & Gas, Insurance and Consumer Goods indices increased by 0.83%, 0.40%, 0.26%, 0.24% and 0.07% respectively, owing to buy interests recorded in the shares of Buacement (3.34%) and Vitafoam (0.84%); Sterlnbank (2.52%) and Zenithbank (1.16%); Seplat (0.50%) and Oando (0.45%); Aiico (6.33%) and Mansard (3.26%); Honyflour (2.22%) and Dangsugar (1.63%) amongst others..
NASD Market
The NASD market was bullish after today’s trading activities as the Unlisted Securities Index (USI) increased by 0.35% to 735.65. Consequently, Market Capitalization improved by 0.35% to N540.39 billion. Market activity measured by aggregate volume climbed by 5,835.55% while value surged by 11,199.04%. Investors traded a total of 2,213,010 units of shares valued at N472,610,155.60 in 13 deals. Four securities traded on the USI today, namely; Wamco Plc, Afriland Plc, NDEP Plc and CSCS Plc.
Please find attached our Daily Financial Market update for today, September 29th, 2020.
Thank you.
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