Daily Financial Markets Report for July 7, 2021Yahya Abdulrahman
Equities market closes on a Positive note… ASI gains 18 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 0.18% to close at 38,485.39. Similarly, Market Capitalization increased by 35
billion to close at N20.06 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: while CUTIX (10.00%), WAPIC (5.36%), CUSTODIAN
(4.84%), GLAXOSMITH (3.31%), ACCESS (2.72%), OANDO (2.58%), TRANSCORP
(2.25%), DANGSUGAR (1.98%), GTCO (1.88%), WAPCO (1.64%), FBNH (1.33%),
ZENITHBANK (0.81%) and FLOURMILL (0.17%) amongst others.
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.73% to close at 749.81. Consequently, Market
Capitalization closed at N532.97 billion. Market activity measured by aggregate
volume decreased by 30.71% while value decreased by 50.35%. Investors traded a
total of 6,252,768 units of shares valued at N109 million in 29 deals.
Please find here our Daily Financial Market update for today, July 7, 2021