Daily Financial Market Report for January 15, 2021

Daily Financial Market Report for January 15, 2021

Equity market Closes on a Bullish Note ……ASI Gains 52 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 0.52% to close at 41,176.14. Similarly, Market Capitalization increased by N111 billion to close at N21.53 trillion while the Year-to-Date (YtD) returns settled at 2.25%.

Sectors performance was Significantly Bullish

Performance across sectors was significantly bullish as all 5 sectors closed in the green zone. Insurance, 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 UACN (10.00%), JAPAULGOLD (9.35%), FLOURMILL (9.33%), DANGSUGAR (2.21%), UBA (2.21%), ACCESS (2.11%), FBNH (1.33%), WAPCO (1.28%), MTNN (1.19%), and GUARANTY (0.15%) among others. While Oil and Gas index closed in the red zone due to sell pressure in the shares of DAARCOM (-10,00%), ARDOVA (-9.84%), STERLING (-1.96%), HONYFLOUR (-1.61%), JAIZ (-1.43%), CAVERTON (-1.00%), LEARNAFRICA (-1.00%), NAHCO (-0.89%), ZENITH (-0.38%) and UNILEVER (-0.37%) amongst others. 

NASD Market

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 15th, 2020.

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