Daily Financial Market Report for January 18, 2021

Equities market Closes on a Negative Note ……ASI Loses 23 Basis Point

The Nigerian Stock Exchange (NSE) closed negative as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 0.23% to close at 41,082.38. Similarly, Market Capitalization decreased by N39 billion to close at N21.49 trillion while the Year-to-Date (YtD) returns settled at 2.02%.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 3 out of the 5 sectors closed in the green zone. Insurance, Banking and Oil and Gas indices advanced by 5.93%, 0.01% and 0.02% respectively, on the back of buy interests recorded in the shares CADBURY (10.00%), LIVESTOCK (9.95%), TRANSCORP (9.18%), MANSARD (5.62%), GUARANTY (1.82%), UACN (1.21%), VITAFOAM (1.10%), WAPCO (0.84%), ETI (0.77%) and OANDO (0.29%)  among others. While Industrial (-0.43%) and Consumer Goods (-0.62%) indices closed in the red zone due to sell pressure in the shares of JAPAUL (-6.58%), FLOURMILL (-5.49%), FBNH (-3.95%), FIDELITY (-1.81%), UBA (-1.62%), DANGSUGAR (-1.44%), ACCESS (-1.03%), DANGCEM (-1.01%), FCMB (-0.93%) and ZENITH (-0.57%) amongst others.

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) advanced by 0.60% to close at 744.46. Consequently, Market Capitalization also closed positive to close at N534.16. Market activity measured by aggregate volume increased by 208.61% while value decreased by 4.09%. Investors traded a total of  10.01mn units of shares valued at N10.76 mn in 2 deals.

Please find here attached our Daily Financial Market update for today, January 18th, 2020.