Daily Financial Market Report for October 16, 2020Yahya Abdulrahman
Market Closed Bullish… ASI gained 111 basis points
The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 1.11%, from 28,344.04 to close at 28,659.45. Market Capitalization increased by N164 billion to close at N14.97 trillion while the Year-to-Date (YtD) closed at 6.77%.
Sectors performance was significantly bullish
Performance across sectors was significantly bullish. All the five sectors on the NSE closed bullish today; Banking, Consumer Goods, Oil and Gas, Insurance and Industrial indices surged by 4.47%, 1.29%, 1.08%, 0.63% and 0.34% respectively, owing to buy interests recorded in the shares of Uba (7.52%) and Zenithbank (7.50%); Intbrew (9.90%) and Cadbury (9.52%); Total (10.00%) and Japauloil (5.00%); Aiico (3.70%); Maybaker (7.97%) and Mtn (0.36%) amongst others.
The NASD market was bearish after today’s trading activities as the Unlisted Securities Index (USI) depreciated by 1.62% to close at 716.92. Consequently, Market Capitalization declined by 1.62% to close at N526.63 billion. Market activity measured by aggregate volume increased by 40.12% while value surged by 112.13%. Investors traded a total of 219,000 units of shares valued at N27,466,430.00 in 3 deals. Two securities traded on the USI today, namely; Wamco Plc and NDEP Plc.
Please find attached our Daily Financial Market update for today, October 16th, 2020.
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