Daily Financial Markets Report for March 22, 2022

NGX All Share Index closes on a Negative note… ASI loses 20 Basis Points

The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.20% to close at 47,156.56 pts. Market Capitalization
decreased by 51.4 billion to close at N25.41 trillion while the Year-to-Date (YtD)
returns settled at 10.39%.
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, CHAMPION (-8.78%), OANDO (-6.75%), ETI (-3.36%), NESTLE (-
2.79%), GUINNESS (-2.10%), UBA (-1.94%), WAPCO (-1.25%), UCAP (-1.21%),
AFRIPRUD (-0.85%), GTCO (-0.57%) 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 710.19. Consequently, Market
Capitalization closed at 586.46 billion. Investors traded a total of 1,124 units of
shares valued at N139,938 in 1 deal.

please find here our Daily Financial Market update for today, March 22, 2022