Daily Financial Market Report for October 5, 2020Yahya Abdulrahman
Week starts in the Green Zone…ASI increased by 211 Basis Points
The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 2.11% from 26,985.77to close at 27,554.56. Market Capitalization increased by N297 billion to close at N14.40 trillion while the Year-to-Date (YtD) closed at 2.65% from 0.54%.
Sectors performance was significantly bullish
Performance across sectors was significantly bullish. All five sectors on the NSE closed in the green zone today; Banking, Insurance, Oil and Gas, Consumer Goods and Industrial indices increased by 3.37%, 2.04%, 0.84%, 0.38% and 0.38% respectively, owing to buy interests recorded in the shares of Fbnh (6.73%) and Zenithbank (5.82%); Wapic (8.33%) and Cornerst (8.33%); Seplat (2.50%); Dangsugar (2.33 %) and Honeyflour (2.15%); Glaxosmith (10.00%) and Jberger (0.31%); amongst others.
The NASD market was bearish after today’s trading activities as the Unlisted Securities Index (USI) waned by 1.02% to 734.39. Consequently, Market Capitalization declined by 1.02% to N533.98 billion. Market activity measured by aggregate volume increased by 126.92% while value decreased by 49.75%. Investors traded a total of 64,491 units of shares valued at N3,869,840.00 in 6 deals. Three securities traded on the USI today, namely; Wamco Plc, NDEP Plc and CSCS Plc.
Please find attached our Daily Financial Market update for today, October 5th, 2020.
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