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Equities market closes on a Positive note …ASI gains 15 Basis Point

The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in
the market today. The benchmark All Share Index (ASI) appreciated by 0.15% to
close at 38,564.70. Similarly, Market Capitalization increased by 30 billion to close
at N20.10 trillion while the Year-to-Date (YtD) returns settled at -4.24%.
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: AFRIPRUD (5.79%), HONYFLOUR (3.70%), UBA (2.11%),
UNILEVER (1.92%), INTBREW (1.85%), SEPLAT (1.45%), UCAP (1.31%), FCMB
(1.29%), MTNN (1.23%), TRANSCORP (1.12%), MANSARD (1.11%), VITAFORM
(0.84%), FBNH (0.69%), ACCESS (0.59%) and ZENITHBANK (0.21%) amongst
others.
Sectors performance was Broadly Bearish
Performance across sectors was broadly bearish as 3 out of 5 sectors closed in the
red zone. Banking, Insurance and Industrial Indices declined by 0.32%, 0.51% and
0.03% respectively. While Consumer Goods Oil and Gas Indices advanced by 0.18%
and 0.92% respectively.
Market activity measured by aggregate volume increased by 1.81% while value
decreased by 23.02%. Investors traded a total of 302 million units of shares valued
atN2.81 billion in 4,387 deals.
Market breadth measured by Advancers/Decliners was positive as it closed at 1.29x
indicating a bullish mood. At the close of trading : AFRIPRUD (5.79%), HONYFLOUR
(3.70%), UBA (2.11%), UNILEVER (1.92%), INTBREW (1.85%), SEPLAT (1.45%),
UCAP (1.31%), FCMB (1.29%), MTNN (1.23%), TRANSCORP (1.12%), MANSARD
(1.11%), VITAFORM (0.84%), FBNH (0.69%), ACCESS (0.59%) and ZENITHBANK
(0.21%) were amongst the 27 market gainers, while WAPIC (-7.02%), ETERNA (-
4.38%), WEMABANK (-3.51%), STANBIC (-2.50%), CADBURY (-2.47%), ETI (-1.89%),
STERLNBANK (-1.88%), GUARANTY (-1.58%), OANDO (-1.00%), FLOURMILLS (-
0.67%), and WAPCO (-0.47%) were amon g the 21 market laggards. 54 stock
prices remained unchanged.
The Banking sector emerged as the most active sector. Equities of Sterling, ETI and
Wemabank were the most active in the subsector as 162 million units of shares
worth N1.41 Billion were traded in 3,078 transactions. Sterling, ETI and Wemabank
accounted for 56% of the total volume traded in the subsector.
Insurance came second ahead of Other Financial Institutions. Equities of MANSARD
and SOVRENINS were the most active in the subsector as 29 million units of shares
worth N16.9 million were traded in 646 transactions. Trading in the Equities of
MANSARD and SOVRENINS accounted for 64% of the total volume traded in the
subsector.
NASD Market
The NASD market closed negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.77% to close at 746.19. Consequently, Market
Capitalization also closed at N530.40 billion. Market activity measured by aggregate
volume decreased by 53.01% while value decreased by 47.42%. Investors traded a
total of 3,061,444 units of shares valued at N67.92 million in 35 deals.

Please find here our Daily Financial Market update for today, June 16, 2021

Equities market closes on a negative note …ASI loses 166 Basis Point

The Nigerian Stock Exchange (NSE) closed negative as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 1.66% to close at 39,156.28. Similarly, Market Capitalization decreased by 339 billion to close at N20.07 trillion while the Year-to-Date (YtD) returns settled at -4.38%

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: AIRTELAFRI (-10.00%), OKOMU (-9.44%), LIVESTOCK (-4.74%), AFRIPRUD (-3.97%), PRESCO (-2.50%), STANBIC (-2.44%), UACN (-2.06%), UCAP (-1.62%), GUARANTY (-1.38%), TRANSCORP (-1.11%), FLOURMILLS (-1.00%), FCMB (-0.96%), UBA (-0.70%) and DANGSUGAR (-0.28%) amongst others.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 3 out of 5 sectors closed in the green zone. Banking, Insurance and Oil and Gas advanced by 0.16%, 0.41% and 0.13% respectively. While Consumer Goods Index declined by 0.18% respectively. Industrial Index remained unchanged.

Market activity measured by aggregate volume increased by 2.86% while value increased by 2.96%. Investors traded a total of 297 million units of shares valued at N3.65 billion in 4,402 deals.

Market breadth measured by Advancers/Decliners was positive as it closed at 0.70x indicating a bullish mood. At the close of trading : CWG (9.73%), BERGER (6.72%), NEM (3.89%), WAPIC (3.64%), ACCESS (3.05%), MANSARD (2.27%), ETI (1.97%), OANDO (1.69%), UNILEVER (1.56%), FIDELITY (0.89%), ZENITH (0.86%) and MTNN (0.18%) were  amongst the 19 market gainers, while AIRTELAFRI (-10.00%), OKOMU (-9.44%), LIVESTOCK (-4.74%), AFRIPRUD (-3.97%), PRESCO (-2.50%), STANBIC (-2.44%), UACN (-2.06%), UCAP (-1.62%), GUARANTY (-1.38%), TRANSCORP (-1.11%), FLOURMILLS (-1.00%), FCMB (-0.96%), UBA (-0.70%) and DANGSUGAR (-0.28%) were among the 27 market laggards. 60 stock prices remained unchanged.

The Banking sector emerged as the most active sector. Equities of Access, Sterling, and Zenith were the most active in the subsector as 138 million units of shares worth N1.27 Billion were traded in 2,656 transactions. Access, Sterling, and Zenith accounted for 74% of the total volume traded in the subsector.

Insurance came second ahead of Other Financial Institutions. Equities of MANSARD and SOVRENINS were the most active in the subsector as 35 million units of shares worth N698 million were traded in 698 transactions. Trading in the Equities of MANSARD and SOVRENINS accounted for 49% of the total volume traded in the subsector.

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 0.77% to close at 751.95. Consequently, Market Capitalization also closed at N534.49 billion. Market activity measured by aggregate volume increased by 75.79% while value increased by 74.10%. Investors traded a total of 6,514,831 units of shares valued at N129 million in 34 deals.

Please find here our Daily Financial Market update for today, June 15, 2021

Equities market closes on a negative note …ASI loses 14 Basis Point

The Nigerian Stock Exchange (NSE) closed negative as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 0.14% to close at 39,156.28. Similarly, Market Capitalization decreased by 28.03 billion to close at N20.41 trillion while the Year-to-Date (YtD) returns settled at -2.77%.

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: CHAMPION (-10.00%), NEM (-10.00%), MAYBAKER (-3.81%), LASACO (-2.86%), FIDELITYBK (-2.18%), OANDO (-1.67%), MTNN (-1.39%), NB (-1.19%), AIICO (-0.89%) and GUARANTY (-0.34%) amongst others.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 3 out of 5 sectors closed in the green zone. Banking, Industrial and Oil and Gas advanced by 0.05%, 0.03% and 0.94% respectively. While Insurance and Consumer Goods Indices declined by 0.56% and 0.15% respectively.

Market activity measured by aggregate volume increased by 82.54% while value increased by 58.52%. Investors traded a total of 289 million units of shares valued at N3.54 billion in 3,719 deals.

Market breadth measured by Advancers/Decliners was positive as it closed at 1.56x indicating a bullish mood. At the close of trading : AFRIPRUD (3.28%), NAHCO (2.73%), STANBIC (2.37%), HONYFLOUR (2.33%), JAPAULGOLD (1.89%), INTBREW (1.85%), UCAP (1.48%), SEPLAT (1.47%), UNILEVER (0.79%), UBA (0.70%), FBNH (0.70%), ACCESS (0.61%), WAPCO (0.48%) and ZENITH (0.22%) were  amongst the 25 market gainers, while CHAMPION (-10.00%), NEM (-10.00%), MAYBAKER (-3.81%), LASACO (-2.86%), FIDELITYBK (-2.18%), OANDO (-1.67%), MTNN (-1.39%), NB (-1.19%), AIICO (-0.89%) and GUARANTY (-0.34%) were among the 16 market laggards. 58 stock prices remained unchanged.

The Banking sector emerged as the most active sector. Equities of Sterling, Zenith and Fidelity were the most active in the subsector as 110 million units of shares worth N1.20 Billion were traded in 2,424 transactions. Sterling, Zenith and Fidelity accounted for 73% of the total volume traded in the subsector.

Other Financial Institutions came second ahead of Insurance. Equities of ROYALEX and STANBIC were the most active in the subsector as 40 million units of shares worth N449 million were traded in 1,036 transactions. Trading in the Equities of ROYALEX and STANBIC accounted for 55% of the total volume traded in the subsector.

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 0.18% to close at 746.19. Consequently, Market Capitalization also closed at N530.40 billion. Market activity measured by aggregate volume increased by 1,320.23% while value increased by 365.45%. Investors traded a total of 3,706,127 units of shares valued at N74.21million in 29 deals.

Please find here our Daily Financial Market update for today, June 11, 2021

Equities market closes on a Positive note …ASI gains 10 Basis Point

The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.10% to close at 39,210.00. Similarly, Market Capitalization increased by 20.41 billion to close at N20.44 trillion while the Year-to-Date (YtD) returns settled at -2.63%.

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: PZ (7.14%), MAYBAKER (5.00%), UNILEVER (4.96%), ETI (4.00%), VITAFOAM (3.45%), HONYFLOUR (2.38%), DANGSUGAR (1.43%), TRANSCORP (1.12%), FIDELITYBK (0.88%), ZENITH (0.65%), FCMB (0.65%), ACCESS (0.62%), STANBIC (0.43%) and GUARANTY (0.35%) amongst others.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 3 out of 5 sectors closed in the green zone. Banking, Industrial and Consumer Goods Indices advanced by 0.52%, 0.01% and 0.44% respectively. While Insurance Index declined by 1.04%. Oil and Gas Index remained unchanged.

Market activity measured by aggregate volume decreased by 12.76% while value decreased by 43.52%. Investors traded a total of 158 million units of shares valued at N2.24 billion in 3,330 deals.

Market breadth measured by Advancers/Decliners was positive as it closed at 1.27x indicating a bullish mood. At the close of trading : PZ (7.14%), MAYBAKER (5.00%), UNILEVER (4.96%), ETI (4.00%), VITAFOAM (3.45%), HONYFLOUR (2.38%), DANGSUGAR (1.43%), TRANSCORP (1.12%), FIDELITYBK (0.88%), ZENITH (0.65%), FCMB (0.65%), ACCESS (0.62%), STANBIC (0.43%) and GUARANTY (0.35%) were  amongst 19 market gainers, while CWG (-9.60%), WAPIC (-6.78%), MBENEFIT (-6.52%), AFRIPRUD (-3.94%), WEMABANK (-3.39%), UCAP (-1.61%), STERLING (-1.23%), UACN (-0.91%), FBNH (-0.69%) and FLOURMILLS (-0.17%) were among the 15 market laggards. 70 stock prices remained unchanged.

The Banking sector emerged as the most active sector. Equities of Zenith, Sterling and UBA were the most active in the subsector as 91 million units of shares worth N1.095 Billion were traded in 2,417 transactions. Zenith, Sterling and UBA accounted for 78% of the total volume traded in the subsector.

Other Financial Institutions came second ahead of Insurance. Equities of JAIZBANK and FBNH were the most active in the subsector as 8.9 million units of shares worth N86 million were traded in 917 transactions. Trading in the Equities of JAIZBANK and FBNH accounted for 43% of the total volume traded in the subsector.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 1.34% to close at 744.85. Consequently, Market Capitalization also closed at N529.45 billion. Market activity measured by aggregate volume decreased by 89.82% while value decreased by 74.42%. Investors traded a total of 260,952 units of shares valued at N15.94 million in 29 deals.

Please find here our Daily Financial Market update for today, June 10, 2021