Daily Financial Markets Report for July 28, 2021

Equities market closes on a Flat note… ASI loses 3 Basis Point

The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.03% to close at 38,791.03. Market Capitalization
V
decreased
by 5.79 Billion to close at N20.21 trillion while the Year-to-Date (YtD)
returns settled at –3.67%.

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: TRIPPLEG (-10.00%), ETERNA (-6.58%), FIDELITYBK (-3.60%),
CHAMPION (-2.17%), FCMB (-1.95%), ZENITHBANK (-1.61%), VITAFOAM (-1.57%),
UBA (-1.28%), ACCESS (-1.06%), TRANSCORP (-1.06%), AIICO (-0.93%), UCAP (-
0.72%) and FBNH (-0.67%) amongst others.

NASD Market

The NASD market closed Negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.08% to close at 754.21. Consequently, Market Capitalization closed at 655.54 billion. Market activity measured by aggregate volume decreased by 98.37% while value decreased by 73.08%. Investors traded a total of 4,720,674 units of shares valued at N112 million in 32 deals.

Please find here our Daily Financial Market update for today, July 28, 2021