Daily Financial Markets Report for November 11, 2021
Equities market closes on a Negative note… ASI loses 36 Basis Point
The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.36% to close at 43,549.28. Market Capitalization
decreased by 82.46 Billion to close at N22.73trillion while the Year-to-Date (YtD)
returns settled at 8.14%.
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, Consumer Goods and Oil & Gas. Some of
today’s market losers include: ETRANZACT (-7.32%), STERLNBANK (-3.23%), UBA (-
2.40%), ETI (-2.31%), NGXGROUP (-2.16%), WEMABANK (-1.15%), FIDELITYBK (-
1.11%), UCAP (-1.02%), GTCO (-0.90%), ACCESS (-0.53%), MTNN (-0.50%) and
ZENITHBANK (-0.41%) amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.59% to close at 757.16. Consequently, Market
Capitalization closed at 625.55 billion. Market activity measured by aggregate
volume increased by 292.50% while value increased by 485.36%. Investors traded a
total of 222,154 units of shares valued at N5.69 million in 15 deals
please find here our Daily Financial Market update for today, November 11, 2021