Daily Financial Markets Report for March 24, 2022

NGX All Share Index closes on a Negative note… ASI loses 43 Basis Points

The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.43% to close at 46,961.62 pts. Market Capitalization
decreased by 109.04 billion to close at N25.31 trillion while the Year-to-Date (YtD)
returns settled at 9.94%.
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, RTBRISCOE (-9.72%), STERLNBANK (-3.80%), FLOURMILL (-3.13%),
NGXGROUP (-1.92%), GTCO (-1.29%), UACN (-1.23%), ZENITHBANK (-1.12%), MTNN
(-0.73%) and UBA (-0.65%) amongst others.

NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.09% to close at 710.15. Consequently, Market
Capitalization closed at 586.42 billion. Market activity measured by aggregate
volume decreased by 99.82% and value decreased by 99.66%. Investors traded a
total of 4.03 million units of shares valued at N4.15 million in 6 deals.

please find here our Daily Financial Market update for today, March 24, 2022