Daily Financial Market Report for January 05, 2020

Equity market Ends Second Trading day in 2021 on Bearish Note ……ASI Loses 183 Basis Point

The Nigerian Stock Exchange (NSE) closed negative for the second trading day in year 2021 as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 1.83% to close at 40,396.14. Similarly, Market Capitalization decreased by N392 billion to close at N21.12 trillion while the Year-to-Date (YtD) returns settled at 50.50%.

Sectors performance was Significantly Bearish

Performance across sectors was significantly bearish as 4 out of the 5 sectors closed in the red zone. Banking, Oil and Gas, Industrial and Consumer goods indices declined by 2.98%, 0.03%, 2.74% and 0.32% respectively, on the back of sell interests recorded in the shares OANDO (-10.00%), FTNCOCOA (-9.72%), FBNH (-8.28%), FIDELITY  (-6.86%), UBA (-5.88%), ZENITH (-4.28%), FCMB (-3.83%), HONYFLOUR (- 3.03%), TRANSCORP (-3.03%) and STERLING (-2.38%) among others. While Insurance index advanced by 1.56% on the back of buy interests in the shares of NEM (9.72%), SOVRENINS (9.09%), CORNERST (6.78%) and LINKASSURE (3.85%).  

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) advanced by 1.18% to close at 741.67. Consequently, Market Capitalization also closed positive to close at N532.16. Market activity measured by aggregate volume decreased by 95.80% while value increased by 194.97%. Investors traded a total of 46,540 units of shares valued at N4.37 mn in 2 deals.

Please find here attached our Daily Financial Market update for today, January 5th, 2020.