Daily Financial Markets Report for June 24 , 2021Yahya Abdulrahman
Equities market closes on a Positive note …ASI gains 40 Basis Point
The Nigerian Exchange Limited (NGX) closed positive as bulls dominated
proceedings in the market today. The benchmark All Share Index (ASI) appreciated
by 0.40% to close at 37,954.35. Similarly, Market Capitalization increased by 78
billion to close at N19.78 trillion while the Year-to-Date (YtD) returns settled at –
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Banking, Agriculture and Consumer goods sector. Some of today’s
market gainers include: MBENEFIT (10.00%), ETERNA (3.92%), OANDO (3.45%),
MANSARD (2.30%), BUACEMENT (2.14%), GTCO (1.58%), FBNH (1.41%),
ZENITHBANK (1.28%), NB (1.10%), NEM (1.05%), FIDELITYBK (0.43%) , STANBIC
(0.38%) and FCMB (0.32%) amongst others.
The NASD market closed flat after today’s trading activities as the Unlisted Securities
Index (USI) remained unchanged to close at 756.13. Consequently, Market
Capitalization closed at N537.47 billion. Market activity measured by aggregate
volume increased by 159.37% while value increased by 130.40%. Investors traded a
total of 4,082,836 units of shares valued at N78.59 million in 35 deals.
Please find here our Daily Financial Market update for today, June 24, 2021