Daily Financial Market Report for February 15, 2021
Equities market Begins Trading week on a Positive Note…ASI Gains 33 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 0.33% to close at 40,573.31. Similarly, Market Capitalization increased by N69 billion to close at N21.23 trillion while the Year-to-Date (YtD) returns settled at 0.75%.
Sectors performance was Significantly Bearish
Performance across sectors was significantly bullish as 4 out of the 5 sectors closed in the green zone. Insurance, Banking, Oil and gas and industrial indices advanced by 1.38%, 1.81%, 5.35% and 0.35% respectively, on the back of buy interests recorded in the shares of SEPLAT (10.00%), UCAP (6.02%), ECOBANK (4.55%), UBA (4.27%), ACCESS (3.07%), WAPCO (3.03%), FIDELITY (2.08%), GUARANTY (1.32%), FBNH (0.69%) and ZENITH (0.33%) among others. While Consumer goods index declined on the back of sell pressure in the shares ofDANGSUGAR (-1.04%), HONYFLOUR (-0.77%) and GUINNESS (-0.50%).
NASD Market
Please find here our Daily Financial Market update for today, February 15th, 2021.