Daily Financial Markets Report for November 16, 2021

Equities market closes on a Positive note… ASI gains 49 Basis Point

The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.49% to close at 43,444.20. Market Capitalization
increased by 111.61 Billion to close at N22.67 trillion while the Year-to-Date (YtD)
returns settled at 7.88%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Industrial and Consumer Goods. Some of today’s market gainers
include: CUTIX (8.33%), CHIPLC (6.90%), ROYALEX (6.00%), UPL (4.55%),
AIRTELAFRI (4.39%), AIICO (4.00%), WEMABANK (2.41%), UBA (1.83%), FBNH
(1.63%), JAIZBANK (1.56%), INTBREW (0.90%), STERLNBANK (0.67%) and
VITAFOAM (0.53%) amongst others.

NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.35% to close at 744.58. Consequently, Market
Capitalization closed at 615.16 billion. Market activity measured by aggregate
volume increased by 40.18% while value decreased by 72.84%. Investors traded a
total of 80,450 units of shares valued at N2.42 million in 12 deals.

please find here our Daily Financial Market update for today, November 16, 2021.