Daily Financial Markets Report for August 11, 2021Yahya Abdulrahman
Equities market closes on a Positive note… ASI gains 69 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.69% to close at 39,448.46. Market Capitalization
increased by 141 Billion to close at N20.55 trillion while the Year-to-Date (YtD)
returns settled at –2.04%.
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: PHARMADEKO (9.17%), IKEJAHOTEL (7.69%), LINKASSURE
(6.78%), ETI (5.45%), JAIZBANK (5.08%), AIRTELAFRI (4.90%), STERLNBANK (3.92%),
HONYFLOUR (2.41%), FIDELITYBK (1.24%), TRANSCORP (1.05%), ZENITHBANK
(0.41%), OANDO (0.40%) and GTCO (0.36%) amongst others.
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.78% to close at 745.57. Consequently, Market
Capitalization closed at 648.03 billion. Market activity measured by aggregate
volume decreased by 94.19% while value decreased by 70.55%. Investors traded a
total of 1,818,743 units of shares valued at N37 million in 21 deals.
Please find here our Daily Financial Market update for today, August 11, 2021