Daily Financial Market Report for January 06, 2021

Equity market Closes on a Bullish Note ……ASI Gains 17 Basis Point

The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.17% to close at 40,465.15. Similarly, Market Capitalization increased by N36 billion to close at N21.16 trillion while the Year-to-Date (YtD) returns settled at 50.75%.

Sectors performance was Significantly Bullish

Performance across sectors was significantly bullish as 4 out of the 5 sectors closed in the green zone. Insurance, Oil and Gas, Banking and Consumer Goods indices declined by 3.02%, 0.06%, 0.75%, 0.30% and 0.32% respectively, on the back of buy interests recorded in the shares JAPAUL (9.46%), REGALINS (9.09%), MANSARD (7.83%), VITAFOAM (2.86%), UBA (2.38%), OANDO (2.10%), ZENITH (2.03%), UCAP (1.63%), FBNH (0.69%) and FCMB (0.33%)  among others. While Industrial index remained unchanged.   

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) advanced by 0.14% to close at 742.72. Consequently, Market Capitalization also closed positive to close at N532.91. Market activity measured by aggregate volume decreased by 75.29% while value increased by 86.78%. Investors traded a total of 11,500units of shares valued at N574,400 in 3 deals.

Please find here attached our Daily Financial Market update for today, January 6th, 2020.