Daily Financial Markets Report for November 12, 2021

Equities market closes on a Negative note… ASI loses 68 Basis Point

The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.68% to close at 43,253.01. Market Capitalization
decreased by 154 Billion to close at N22.57trillion while the Year-to-Date (YtD)
returns settled at 7.41%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to losses recorded in large and
mid-cap stocks in Industrial and Consumer Goods. Some of today’s market losers
include: UPDC (-9.47%), LIVESTOCK (-8.68%), GLAXOSMITH (-6.25%), MTNN (-
4.50%), HONYFLOUR (-3.95%), WEMABANK (-2.33%), AIICO (-0.78%), UCAP (-
0.52%) and FIDELITYBK (-0.37%) amongst others.

NASD Market
The NASD market closed Flat after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.01% to close at 757.16. Consequently, Market
Capitalization closed at 625.55 billion. Market activity measured by aggregate
volume decreased by 90.59% while value decreased by 56.04%. Investors traded a
total of 20,900 units of shares valued at N2.50million in 5 deals.

please find here our Daily Financial Market update for today, November 12, 2021.