All Research

Equities market closes on a Negative note… ASI loses 124 Basis Point

The Nigerian Exchange Limited (NGX) closed Negative as bears dominated
proceedings in the market today. The benchmark All Share Index (ASI) depreciated
by 1.24% to close at 37,994.19. Similarly, Market Capitalization decreased by 247
billion to close at N19.80 trillion while the Year-to-Date (YtD) returns settled at –
5.65%.
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, Agriculture and Consumer goods sector. Some of today’s
market losers include: while AIRTELAFRI (-9.99%), NAHCO (-9.65%), NEM (-9.09%),
ETERNA (-5.61%), VITAFOAM (-4.63%), MBENEFIT (-2.44%), TRANSCORP (-2.11%),
MANSARD (-1.11%), FCMB (-0.99%), NASCON (-0.66%), ACCESS (-0.55%), UACN (-
0.51%) and ZENITHBANK (-0.20%) amongst others.

NASD Market
The NASD market closed Flat after today’s trading activities as the Unlisted
Securities Index (USI) remained unchanged to close at 744.39. Consequently, Market
Capitalization closed at N529.12 billion. Market activity measured by aggregate
volume decreased by 5.55% while value decreased by 46.97%. Investors traded a
total of 1,381,963 units of shares valued at N25 million in 23 deals

Please find here our Daily Financial Market update for today, July 9, 2021

Equities market closes on a Flat note… ASI loses 4 Basis Point

The Nigerian Exchange Limited (NGX) closed Flat as bears dominated proceedings in
the market today. The benchmark All Share Index (ASI) depreciated by 0.04% to
close at 38,469.87. Similarly, Market Capitalization decreased by 18 billion to close
at N20.04 trillion while the Year-to-Date (YtD) returns settled at -4.47%.
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, Agriculture and Consumer goods sector. Some of today’s
market losers include: while PRESTIGE (-10.00%), WAPIC (-5.08%), MBENEFIT (-
4.65%), NASCON (-4.13%), ACCESS (-3.17%), UBA (-2.60%), FCMB (-2.27%), GTCO (-
1.84%), OANDO (-1.26%), FIDELITYBK (-0.86%), DANGSUGAR (-0.83%), STANBIC (-
0.73%) and UCAP (-0.47%) amongst others.

NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.72% to close at 744.39. Consequently, Market
Capitalization closed at N529.12 billion. Market activity measured by aggregate
volume decreased by 76.60% while value decreased by 56.66%. Investors traded a
total of 1,463,160 units of shares valued at N47 million in 41 deals

Please find here our Daily Financial Market update for today, July 8, 2021

Equities market closes on a Positive note… ASI gains 18 Basis Point

The Nigerian Exchange Limited (NGX) closed Positive as bulls dominated
proceedings in the market today. The benchmark All Share Index (ASI) appreciated
by 0.18% to close at 38,485.39. Similarly, Market Capitalization increased by 35
billion to close at N20.06 trillion while the Year-to-Date (YtD) returns settled at –
4.43%.
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, Agriculture and Consumer goods sector. Some of today’s
market gainers include: while CUTIX (10.00%), WAPIC (5.36%), CUSTODIAN
(4.84%), GLAXOSMITH (3.31%), ACCESS (2.72%), OANDO (2.58%), TRANSCORP
(2.25%), DANGSUGAR (1.98%), GTCO (1.88%), WAPCO (1.64%), FBNH (1.33%),
ZENITHBANK (0.81%) and FLOURMILL (0.17%) amongst others.

NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.73% to close at 749.81. Consequently, Market
Capitalization closed at N532.97 billion. Market activity measured by aggregate
volume decreased by 30.71% while value decreased by 50.35%. Investors traded a
total of 6,252,768 units of shares valued at N109 million in 29 deals.

Please find here our Daily Financial Market update for today, July 7, 2021

Equities market closes on a Positive note… ASI gains 52 Basis Point

The Nigerian Exchange Limited (NGX) closed Positive as bulls dominated
proceedings in the market today. The benchmark All Share Index (ASI) appreciated
by 0.52% to close at 38,418.04. Similarly, Market Capitalization increased by 103
billion to close at N20.02 trillion while the Year-to-Date (YtD) returns settled at –
4.60%.
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, Agriculture and Consumer goods sector. Some of today’s
market gainers include: while MAYBAKER (9.65%), TOTAL (9.24%), SEPLAT (7.14%),
BERGER (7.07%), UBA (5.37%), ACCESS (5.14%), ETI (4.00%), ZENITHBANK (2.90%),
AFRIPRUD (1.61%), WAPCO (1.43%), FBNH (1.35%), VITAFOAM (1.25%),
FLOURMILL (1.19%), AIICO (0.96%) and FIDELITYBK (0.43%) amongst others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.14% to close at 755.29. Consequently, Market
Capitalization closed at N536.87 billion. Market activity measured by aggregate
volume increased by 493.58% while value increased by 471.29%. Investors traded a
total of 9,024,437 units of shares valued at N219 million in 59 deals

Please find here our Daily Financial Market update for today, July 6, 2021

Equities market closes on a Flat note… ASI gains 2 Basis Point

The Nigerian Exchange Limited (NGX) closed Flat as bulls dominated proceedings in
the market today. The benchmark All Share Index (ASI) appreciated by 0.02% to
close at 38,220.01. Similarly, Market Capitalization increased by 4.17 billion to close
at N19.92 trillion while the Year-to-Date (YtD) returns settled at -5.09%.
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, Agriculture and Consumer goods sector. Some of today’s
market gainers include: while CUTIX (10.00%), WAPIC (9.26%), OANDO (3.65%),
AFRIPRUD (2.48%), UCAP (2.24%), STANBIC (1.86%), PZ (1.75%), ACCESS (1.74%),
FIDSON (1.72%), UBA (1.36%), NEM (0.50%) and ZENITHBANK (0.42%) amongst
others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.06% to close at 754.20. Consequently, Market
Capitalization closed at N536.09 billion. Market activity measured by aggregate
volume decreased by 99.85% while value decreased by 94.55%. Investors traded a
total of 1,520,348 units of shares valued at N38 million in 18 deals

Please find here our Daily Financial Market update for today, July 5, 2021