Daily Financial Market Report for February 05, 2021

Equities market closes Trading week on a Negative Note…ASI Loses 18 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 0.18% to close at 41,709.09. Similarly, Market Capitalization decreased by N40 billion to close at N21.81 trillion while the Year-to-Date (YtD) returns settled at 3.57%.

Sectors performance was Significantly Bearish

Performance across sectors was significantly bearish as 4 out of 5 sectors closed in the red zone. Insurance, Oil and gas, Industrial and Consumer goods indices declined by 1.03%, 0.13%, 0.26% and 0.94% respectively, on the back of sell pressures recorded in the shares of CHAMPION (-9.48%), DANGSUGAR (-8.33%), ACCESS (-3.93%), WAPCO (-3.62%), UBA (-3.43), ZENITH (-2.80%), FLOURMILL (-1.72%), FBNH (-1.36%), TOTAL (-0.70%), and MTNN (-0.55%) among others. While Banking sector closed in the green zone due to buy interests in the shares of GUARANTY (9.09%), JAIZ (5.88%) and UNITY (1.39%).

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) advanced by 16 basis points to close at 715.12. Consequently, Market Capitalization also advanced by 0.16% to close at N513.11 billion. Market activity measured by aggregate volume decreased by 98.07% while value decreased by 87.28%. Investors traded a total of 20,092 units of shares valued at N2.51mn in 10 deals. 

Please find here our Daily Financial Market update for today, February 5th, 2021.