Daily Financial Market Report for May 21, 2021

Equities market closes on a Flat note…ASI Loses 1 Basis Point

The Nigerian Stock Exchange (NSE) closed flat as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 0.01% to close at 38,324.07. Similarly, Market Capitalization decreased by 2 billion to close at N19.95 trillion while the Year-to-Date (YtD) returns settled at -4.83%.

Sectors performance was Broadly Bearish

Performance across sectors was broadlybearish as 3 out of 5 sectors closed in the red zone. Banking, Oil and gas and Industrial indices declined by 0.25%, 0.26% and 0.09% respectively, on the back of sell pressures recorded in the shares of CHAMS (-9.09%), JBERGER (-9.05%), OANDO (-3.33%), PZ (-1.85%), FIDELITY (-1.72%), AIICO (-1.55%), GUARANTY (-0.85%), ACCESS (-0.60%), UCAP (-0.33%) and BUACEMENT (-0.20%) amongst others. While Consumer goods and Insurance Indices advanced by 0.04% and 1.19% respectively, on the back of buy interests in the shares of WAPIC (8.00%), MBENEFIT (4.76%), TRANSCORP (2.66%), MANSARD (1.12%) and DANGSUGAR (0.58%).

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 1.25% to close at 773.99. Consequently, Market Capitalization also closed positive at N549.74 billion. Market activity measured by aggregate volume decreased by 19.46% while value decreased by 10.83%. Investors traded a total of  3,021,423 units of shares valued at N72.68 million in 38 deals. 

Please find here our Daily Financial Market update for today, May 21st, 2021