Daily Financial Markets Report for September 06, 2021

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

The Nigerian Exchange Limited (NGX) closed Flat. The benchmark All Share Index
(ASI) depreciated by 0.03% to close at 39,249.80. Market Capitalization decreased
by 5.84 Billion to close at N20.45 trillion while the Year-to-Date (YtD) returns settled
at –2.54%.
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: GLAXOSMITH (-9.56%), SOVRENINS (-7.69%), MAYBAKER (-
6.67%), FLOURMILL (-4.17%), AFRIPRUD (-3.20%), DANGSUGAR (-2.25%),
TRANSCORP (-2.13%), WAPIC (-1.96%), UBA (-1.94%), STANBIC (-1.38%),
WEMABANK (-1.18%) and AIICO (-0.97%) amongst others.

NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.38% to close at 732.12. Consequently, Market
Capitalization closed at 636.34 billion. Market activity measured by aggregate
volume decreased 25.60% while value increased by 9.67%. Investors traded a total
of 2,178,847 units of shares valued at N35.73million in 20 deals

please find here our Daily Financial Market update for today, September 6, 2021