Daily Financial Markets Report for August 16, 2021

Equities market closes on a Flat note… ASI loses 4 Basis Point

The Nigerian Exchange Limited (NGX) closed Flat. The benchmark All Share Index
(ASI) depreciated by 0.04% to close at 39,505.40. Market Capitalization decreased
by 8.82 Billion to close at N20.58 trillion while the Year-to-Date (YtD) returns settled
at –1.90%.
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, Industrial and Consumer goods sector. Some of today’s
market losers include: ABCTRANS (-8.33%), FIDELITYBK (-4.80%), CHIPLC (-3.92%),
WAPCO (-1.35%), STERLNBANK (-1.31%), TRANSCORP (-1.05%), UBA (-0.66%),
ZENITHBANK (-0.61%) and CADBURY (-0.56%) amongst others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.04% to close at 745.66. Consequently, Market
Capitalization closed at 648.11 billion. Market activity measured by aggregate
volume increased by 641.09% while value increased by 913.55%. Investors traded a
total of 1,860,688 units of shares valued at N43.578 million in 16 deals.

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