Daily Financial Market Report for February 18, 2021

Equities market continues Trading week on a Negative Note…ASI Loses 63 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 0.63% to close at 40,212.19. Similarly, Market Capitalization decreased by N132 billion to close at N21.04 trillion while the Year-to-Date (YtD) returns settled at -0.15%.

Sectors performance was Broadly Bearish

Performance across sectors was significantly bearish as all 5 sectors closed in the red zone. Insurance, Banking, Consumer goods, Oil and gas and Industrial indices declined by 1.54%, 2.60%, 0.51%, 0.20 and 0.13% respectively, on the back of sell pressure recorded in the shares of FCMB (-5.00%), UBA (-4.76%), FLOURMILL (-4.67%), ZENITH (-4.00%), DANGSUGAR (-3.41%), TRANSCORP (-3.19%), ACCESS (-2.41%), GUARANTY (-1.94%), MTNN (-0.94%) and UCAP (-0.50%) among others. 

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.40% to close at 724.17. Consequently, Market Capitalization also closed negative at N519.61 billion. Market activity measured by aggregate volume increased by 2,368.59% while value increased by 909.78%. Investors traded a total of 662,817 units of shares valued at N34.90 mn in 19 deals. 

Please find here our Daily Financial Market update for today, February 18th, 2021.