Daily Financial Market Report for March 19, 2021
quities market ends week on a Bearish note…ASI Loses 137 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 1.37% to close at 38,382.39. Similarly, Market Capitalization decreased by N278 billion to close at N20.08 trillion while the Year-to-Date (YtD) returns settled at -4.69%.
Sectors performance was Broadly Bullish
Performance across sectors was broadly bullish as 3 out of the 5 sectors closed in the green zone. Insurance, Banking and Consumer goods indices advanced by 0.94%, 2.80% and 0.08% respectively, on the back of buy interests recorded in the shares of UCAP (7.37%), GUARANTY (4.03%), AIICO (3.33%), VITAFOAM (3.31%), UNITY (2.86%), ACCESS (2.55%), ZENITH (2.27%), FIDELITY (1.75%), FBNH (1.39%) and UBA (0.70%) among others. However, Industrial and Oil and Gas index declined by 0.22% and 4.40%, respectively on the back of sell pressures recorded in the shares of BUACEM (-6.42%), OANDO (-4.39%), DANGCEM (-3.42%) and MTNN (-1.81%).
NASD Market
Please find here our Daily Financial Market update for today, March 19th, 2021.