Daily Financial Market Report for January 14, 2021Yahya Abdulrahman
Equity market Closes on a Bullish Note ……ASI Gains 154 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 1.54% to close at 40,963.14. Similarly, Market Capitalization increased by N325 billion to close at N21.42 trillion while the Year-to-Date (YtD) returns settled at 1.72%.
Sectors performance was Significantly Bullish
Performance across sectors was significantly bullish as all 5 sectors closed in the green zone. Insurance, Oil and Gas, Banking, Industrial, and Consumer Goods indices advanced by 4.12%, 1.74%, 0.08% and 0.11% respectively, on the back of buy interests recorded in the shares MANSARD (9.42%), ARDOVA (9.25%), WAPCO (3.98%), ACCESS (3.83%), DANGSUGAR (3.56%), DANGCEM (3.04%), UBA (2.84%), FLOURMILL (2.39%), FBNH (2.04%), ZENITH (1.93%) and GUARANTY (1.85%) among others.
The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) as it advanced by 0.07% to close at 741.47. Consequently, Market Capitalization also closed positive to close at N53202. Market activity measured by aggregate volume decreased by 26.38% while value decreased by 7.19%. Investors traded a total of 35,000 units of shares valued at N4.56 mn in 9 deals.
Please find here attached our Daily Financial Market update for today, January 14th, 2020.