Daily Financial Market Report for May 21, 2021

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 othersWhile 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

Share this post

Scroll Up