Daily Market Report for May 10, 2022

NGX All Share Index closes on a Negative note… ASI loses 19 Basis Points

The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.19% to close at 51,805.41. Market Capitalization
decreased by 52.35 billion to close at N27.93 trillion while the Year-to-Date (YtD)
returns settled at 21.28%.
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, NAHCO (-4.12%), WEMABANK (-3.73%), MTNN (-3.61%), NB (-
2.53%), AFRIPRUD (-0.83%), UBA (-0.62%), FIDSON (-0.48%), FIDELITYBK (-0.27%)
and ZENITHBANK (-0.21%) amongst others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 1.29% to close at 709.91. Consequently, Market
Capitalization closed at 933.44 billion. Market activity measured by aggregate
volume decreased by 51.40% and value decreased by 79.56%. Investors traded a
total of 377,862 units of shares valued at N28.87 million in 32 deals.

please find here our Daily Financial Market update for today, May 10, 2022