Daily Financial Market Report for February 11, 2021

Equities market closes on a Positive Note…ASI Gains 78 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 0.78% to close at 41,014.30. Similarly, Market Capitalization increased by N166 billion to close at N21.46 trillion while the Year-to-Date (YtD) returns settled at 1.85%.

Sectors performance was Significantly Bearish

Performance across sectors was significantly bearish as 4 out of the 5 sectors closed in the red zone. Insurance, Banking, Consumer goods and Oil and gas indices declined by 2.93%, 2.98%, 0.32% and 0.90% respectively, on the back of sell pressures recorded in the shares of WAPCO (-8.46%), GUARANTY (-4.66%), FIDELITY (-3.73%), GUINNESS (-2.91%), DANGSUGAR (-2.61), FBNH (-2.08%), ZENITH (-2.00%), UCAP (-1.85%), ACCESS (-1.85%) and UBA (-1.23%) among others. While Industrial index advanced on the back of buy interests in the shares ofDANGCEM (7.04%) and MTNN (1.61%).

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) declined by 0.51% to close at 735.84. Consequently, Market Capitalization also declined by 0.51% to close at N527.98 billion. Market activity measured by aggregate volume decreased by 25.50% while value increased by 86.63%. Investors traded a total of 504,750 units of shares valued at N8.77 mn in 10 deals. 

Please find here our Daily Financial Market update for today, February 11th, 2021.