Daily Financial Markets Report for July 16, 2021

Daily Financial Markets Report for July 16, 2021

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

The Nigerian Exchange Limited (NGX) closed Flat. The benchmark All Share Index
(ASI) depreciated by 0.01% to close at 37,866.90. Market Capitalization decreased
by 2.94 Billion to close at N19.72 trillion while the Year-to-Date (YtD) returns settled
at –5.97%
What shaped today’s market direction?
Today’s market direction can be largely attributed to losses recorded in large and
mid-cap stocks in Banking, Agriculture and Consumer goods sector. Some of today’s
market losers include: IKEJAHOTEL (-9.29%), UPDC (-9.09%), WAPIC (-8.47%), NB (-
3.33%), VITAFOAM (-2.91%), MANSARD (-1.14%), DANGSUGAR (-1.12%), FBNH (-
0.69%), STERLNBNK (-0.64%) and GTCO (-0.51%) amongst others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.27% to close at 763.51. Consequently, Market
Capitalization closed at 663.63 billion. Market activity measured by aggregate
volume increased by 461.85% while value increased by 2,333.07%. Investors traded
a total of 12,369,594 units of shares valued at N935 million in 51 deals

Please find here our Daily Financial Market update for today, July 16, 2021

Share this post


Scroll Up