Daily Financial Market Report for February 09, 2021
Equities market sustains Negative Trend…ASI Loses 13 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 0.13% to close at 41,510.16. Similarly, Market Capitalization decreased by N28 billion to close at N21.72 trillion while the Year-to-Date (YtD) returns settled at 3.08%.
Sectors performance was Significantly Bearish
Performance across sectors was significantly bearish as all 5 sectors closed in the red zone. Insurance, Banking, Oil and gas, Consumer goods and Industrial indices declined by 1.73%, 0.52%, 0.25%, 0.25% and 0.04% respectively, on the back of sell pressures recorded in the shares of NNFM (-9.94%), TRANSCORP (-2.91%), UCAP (-2.81%), DANGSUGAR (-1.75%), GUINNESS (-1.01), UACN (-0.61%), ACCESS (-0.58%), UBA (-0.57%), WAPCO (-0.56%), GUARANTY (-0.46%) and ZENITH (-0.19%) among others.
NASD Market
Please find here our Daily Financial Market update for today, February 9th, 2021.