Daily Financial Market Report for February 23, 2021

Daily Financial Market Report for February 23, 2021

Equities market closes flat…ASI Gains 3 Basis Point

The Nigerian Stock Exchange (NSE) closed flat as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated marginally by 0.03% to close at 40,164.86. Similarly, Market Capitalization increased by N5 billion to close at N21.01 trillion while the Year-to-Date (YtD) returns settled at -0.26%.

Sectors performance was Broadly Bearish

Performance across sectors was broadly bearish as 2 out of the 5 sectors closed in the red zone. Insurance and Consumer goods indices declined by 0.92% and 1.61% respectively, on the back of sell pressure recorded in the shares of AFRIPRUD (-9.87%), MAYBAKER (-8.79%), NB (-8.47%), MBENEFIT (-4.76%), TRANSCORP (-4.26%), FIDELITY (-3.75%), DANGSUGAR (-2.70%), MANSARD (-1.71%), PZ (-0.93%) and ACCESS (-0.60%) among others. However, Banking advanced on the back of buy interests recorded in the shares of ZENITH (4.03%), UNITY (1.52%), UBA (1.19%) and GUARANTY (0.16%). Industrial and Oil and gas sectors remained unchanged.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.94% to close at 710.72. Consequently, Market Capitalization also closed negative at N509.95 billion. Market activity measured by aggregate volume decreased by 92.28% while value decreased by 37.99%. Investors traded a total of 85,800 units of shares valued at N18.26 mn in 11 deals.

Please find here our Daily Financial Market update for today, February 23rd, 2021.

Share this post

Scroll Up