Daily Market Report for August 18, 2022

• The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.29% to close at 49,546.38 pts. Market Capitalization decreased by 78.10 billion to close at N26.72 trillion and the Year-to-Date (YtD) returns settled at 15.99%.
• Performance across sectors was broadly bearish as 4 out of 5 sectors closed in the red zone. Consumer Goods, Oil/Gas, Industrial and Insurance indices declined by 0.33%, 0.51%, 1.41% and 0.10% respectively. While Banking index advanced by 0.18%.
• Market activity measured by aggregate volume increased by 14.13% while value decreased by 35.75%. Investors traded a total of 147 million units of shares valued at N2.65 billion in 3,180 deals.

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