Daily Financial Market Report for October 16, 2020

Daily Financial Market Report for October 16, 2020

Dear Client/Reader,

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.

NASD Market

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.

Thank you.

Click here for our Daily Financial Market update.

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