Equities market closes on a Flat note… ASI gains 3 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.03% to close at 38,927.83. Market Capitalization
increased by 5 Billion to close at N20.28 trillion while the Year-to-Date (YtD) returns
settled at –3.33%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Banking, Industrial and Consumer goods sector. Some of today’s
market gainers include: CUTIX (10.00%), TRIPPLEG (7.78%), PRESCO (3.71%),
NAHCO (2.44%), ACCESS (2.22%), FCMB (2.00%), STERLNBANK (1.32%),
TRANSCORP (1.08%), WAPCO (0.46%) and ZENITHBANK (0.41%) amongst others.
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.58% to close at 753.10. Consequently, Market
Capitalization closed at 654.57 billion. Market activity measured by aggregate
volume increased by 404.26% while value increased by 1,816.48%. Investors traded
a total of 13,470,696 units of shares valued at N135 million in 31 deals.
Please find here our Daily Financial Market update for today, August 4, 2021