Daily Financial Market Report for February 04, 2021
Equities market closes on a Negative Note…ASI Loses 51 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 0.51% to close at 41,785.80. Similarly, Market Capitalization decreased by N112 billion to close at N21.97 trillion while the Year-to-Date (YtD) returns settled at 3.76%.
Sectors performance was Significantly Bearish
Performance across sectors was significantly bearish as 4 out of 5 sectors closed in the red zone. Insurance, Banking, Industrial and Consumer goods indices declined by 1.11%, 0.31%, 1.19% and 0.13% respectively, on the back of sell pressures recorded in the shares OF JAPAUL (-7.32%), HONYFLOUR (-6.04%), TRANSCORP (-3.85%), DANGCEM (-2.54%), UACN (-1.18), ZENITH (-1.11%), FBNH (-0.68%), UBA (-0.56%), FIDELITY (-0.56%), and GUARANTY (-0.15%) among others. While Oil and Gas sector closed in the green zone due to buy interests in the shares of ARDOVA (5.56%) and ETERNA (2.04%).
NASD Market
Please find here our Daily Financial Market update for today, February 4th, 2021.