Daily Financial Markets Report for August 3, 2021Yahya Abdulrahman
Equities market closes on a Positive note… ASI gains 81 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.81% to close at 38,917.99. Market Capitalization
increased by 163 Billion to close at N20.27 trillion while the Year-to-Date (YtD)
returns settled at –3.36%.
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, Industrial and Consumer goods sector. Some of today’s
market gainers include: WEMABANK (5.95%), UPDC (5.93%), AIRTELAFRI (5.69%),
COURTVILLE (4.17%), UNILEVER (2.11%), MTNN (1.79%), MANSARD (1.14%),
GUINNESS (0.95%), NAHCO (0.82%) and FIDELITYBK (0.42%) amongst others.
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.16% to close at 748.76. Consequently, Market
Capitalization closed at 650.80 billion. Market activity measured by aggregate
volume decreased by 63.99% while value decreased by 99.18%. Investors traded a
total of 2,671,373 units of shares valued at N7.086 million in 10 deals.
Please find here our Daily Financial Market update for today, August 3, 2021