Daily Financial Markets Report for February 23, 2022

NGX All Share Index closes on a Negative note… ASI loses 8 Basis Points

The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.08% to close at 47,207.27 pts. Market Capitalization
decreased by 21.36 billion to close at N25.44 trillion while the Year-to-Date (YtD)
returns settled at 10.51%.
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. Some of today’s market
losers include AFRIPRUD (-5.77%), DANGSUGAR (-5.28%), ETI (-2.98%), UNITYBNK
(-2.00%), STERLNBANK (-1.82%), FLOURMILL (-1.49%), UBA (-1.14%), GTCO (-
1.12%), NASCON (-0.69%) and WAPCO (-0.38%) amongst others.

NASD Market
The NASD market closed Flat after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.00% to close at 738.06. Consequently, Market
Capitalization closed at 624.97 billion. Market activity measured by aggregate
volume decreased by 99.94% and value decreased by 99.11%. Investors traded a
total of 4,079 units of shares valued at N528,231.30 in 8 deals.

please find here our Daily Financial Market update for today, February 23, 2022