Daily Financial Market Report

Dear Client/Reader,

Bargain Hunting Dominates Trading Activities… as ASI Up By 0.68%

The Nigerian equities market (NSE) rebounded to close positive as market players hunted for bargain. The bench mark – All Share Index (ASI) advanced by 68 basis points to close at 31,007.25 points. Market Capitalization gained N76 billion to close at N11.32 trillion while the Year-to-Date (YtD) returns settled at -18.92%.

Sectors performance was mixed

Performance across sectors was mixed as the Banking and Insurance indices appreciated by 2.62% and 0.67% respectively due to gains in Guaranty (3.75%) and Zenith (1.69%); Aiico (1.54%) and Mansard (9.89%). On the flip side, the Industrial and Consumer goods indices recorded the largest losses as they declined by 0.94% and 0.13% respectively arising from sell offs in Wapco (-10.00%) and NB (-0.50%) while the Oil & gas sector closed flat.

Market activity measured by aggregate volume declined by 21% while value also reduced by 22%. Investors traded a total of 196 million units of shares valued at ₦2.12 billion in 2,802 deals.

NASD Market

The NASD market again also closed bearish after today’s trading activities as negative sentiments persist. The Unlisted Securities Index (USI) depreciated by 1.13% to close at 699.44 points. Market capitalization also lost 113 basis points to settle at N482.65 billion. Market activity measured by aggregate volume declined by 85% while value also decreased by 53%. Investors traded a total of 122,311 units of shares valued at N8.16 million in 16 deals. Ten securities traded which include; Airliquid, Cappa & D’alberto, CSCS Plc, Wamco Plc, Food concept, Geo Fluids Plc, Mass telecomm, Mixta real estate, Riggs Ventures and Trust bond mortgage bank.

Please find attached our daily market report for today, December 04, 2018.

Daily Report for 04122018

Dear Client/Reader, 

Nigerian Bourse Begins The Month Bearish…as ASI Sheds 24 Bps.

The Nigerian equities market (NSE) opened the week in red as negative sentiments continued to dominate trading activities. The bench mark – All Share Index (ASI) declined by 0.24% and close at 30,798.76 points. Market Capitalization lost N27.5 billion to close at N11.24 trillion while the Year-to-Date (YtD) returns weakened to -19.47%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish save for the Oil & gas and Banking indices which appreciated by 2.07% and 0.61% respectively due to gains in Seplat (4.16%); Zenith (1.72%) and Guaranty (0.87%). On the flip side, the Insurance and Consumer goods indices recorded the largest losses as they declined by 4.51% and 0.72% respectively arising from sell offs in Continsure (-10.00%) and Mansard (-9.90%); NB (-2.22%) and Cadbury (-2.63%). Similarly, loss in Dangcem (-1.02%) contracted the Industrial (-0.03%) sector.

Market activity measured by aggregate volume improved slightly by 0.13% while value also advanced by 14%. Investors traded a total of 250 million units of shares valued at ₦2.72 billion in 3,122 deals.

NASD Market

The NASD market also closed bearish after today’s trading activities to open the month in red. The Unlisted Securities Index (USI) depreciated by 0.45% to close at 702.40 points. Market capitalization also lost 45 basis points to settle at N488.18 billion. Market activity measured by aggregate volume declined by 98% while value also decreased by 47%. Investors traded a total of 792,430 units of shares valued at N17.4 million in 11 deals.

Please find attached our daily market report for today, December 03, 2018.

Thank you.

Daily Report for 03122018

Dear Client/Reader, 

Nigerian Bourse Halts Downtrend To End The Month In Green

The Nigerian equities market (NSE) rebounded to close the week in green as the bulls resurfaced in the market. The bench mark – All Share Index (ASI) appreciated by 0.86% to close at 32,058.28 points. Market Capitalization advanced by N96 billion to close at N11.27 trillion while the Year-to-Date (YtD) returns settled at -19.27%.

Sectors performance was broadly bullish

Performance across sectors was broadly bullish save for the Insurance index which depreciated by 0.71% due to sell offs in the shares of NEM (-2.08%) and Custodian (-7.55%). Conversely, the Banking and Oil & gas sector indices recorded the highest gains as they appreciated by 1.53% and 1.52% respectively due to positive sentiments in the shares of UBA (6.38%) and Zenith (0.87%); 11 Plc (9.38%) and Forte Oil (1.98%). Likewise, the Industrial and Consumer goods sectors also went up by 0.14% and 0.90% respectively due to gains recorded in Dangcem (1.03%); NB (4.03%) and Honyflour (1.85%).

Market activity measured by aggregate volume decreased by 44% while value went down by 46%. Investors traded a total of 249 million units of shares valued at ₦2.39 billion in 2,909 deals.

Market Synopsis for the week

Nigeria’s stock market recorded its third consecutive weekly loss as investors maintained their negative sentiments on market bellwethers. The nation’s bourse had a broadly bearish performance as it closed negative in four of the five trading sessions. However, gains recorded on the last trading day (+0.86%) on the back of bargain hunting in some high cap stocks in the Oil & gas and banking sectors moderated the massive losses recorded in other trading days. Overall, the All Share Index (ASI) depreciated by 2.54% week-on-week, while the year-to-date returns dipped further to -19.27%.

Please find attached our daily market report for today, November 30, 2018.

Daily Report for 30112018

Dear Client/Reader, 

The Bears Continue Dominance…as ASI Breaks 31,000 Support Level

The Nigerian equities market (NSE) extended its losses to five consecutive days as negative sentiments dominated trading activities. The bench mark – All Share Index (ASI) broke the 31,000 support level to decline by 1.33% and close at 30,611.55 points. Market Capitalization lost N150.38 billion to close at N11.18 trillion while the Year-to-Date (YtD) returns weakened to -19.96%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish save for the Insurance and Consumer goods indices which appreciated by 3.09% and 0.05% respectively due to gains in Continsure (6.95%) and Mansard (6.32%); NB (0.51%). On the flip side, the Industrial and banking indices recorded the largest losses as they declined by 2.14% and 1.79% respectively arising from sell offs in Dangcem (-2.63%) and Wapco (-2.25%); Guaranty (-3.65%) and Zenith (-1.08%). Similarly, loss in Oando (-1.08%) contracted the Oil & gas (-0.05%) sector.

Market activity measured by aggregate volume improved by 100% while value also advanced by 64%. Investors traded a total of 442 million units of shares valued at ₦4.46 billion in 3,648 deals.

NASD Market

The NASD market again closed bearish to lose 5.21% in two days, following the bearish path of the listed stocks. The Unlisted Securities Index (USI) depreciated by 2.67% to close at 698.00 points. Market capitalization also lost 2.67% to settle at N485.13 billion. Market activity measured by aggregate volume declined by 87% while value also decreased by 48%. Investors traded a total of 73,476 units of shares valued at N11 million in 7 deals.

Please find attached our daily market report for today, November 29, 2018.

Daily Report for 29112018

Dear Client/Reader, 

Nigerian Bourse Continues Losing Streak…as ASI Sheds 48 Bps.

The Nigerian equities market (NSE) extended its losses to four consecutive days as negative sentiments dominated trading activities. The bench mark – All Share Index (ASI) declined by 0.48% to close at 31,023.47 points. Market Capitalization shed N54.83 billion to close at N11.33 trillion while the Year-to-Date (YtD) returns weakened to -18.88%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish save for the Insurance and Consumer goods indices which appreciated by 0.51% and 0.08% respectively due to gains in Continsure (10.00%); Flourmill (2.56%) and Cadbury (2.56%). On the other hand, the Oil & gas and Industrial indices recorded the largest losses as they declined by 0.79% and 0.42% respectively arising from sell offs in Oando (-6.06%) and Dangem (-1.55%). Similarly, losses in Zenith (-1.48%) and UBA (-2.00%) contracted the banking (-0.17%) sector.

Market activity measured by aggregate volume improved by 21% while value declined marginally by 1%. Investors traded a total of 220 million units of shares valued at ₦2.73 billion in 3,252 deals.

NASD Market

The NASD market reversed previous day gain to close bearish after today’s trading activities. The Unlisted Securities Index (USI) depreciated by 2.54% to close at 717.12 points. Market capitalization also lost 2.54% to settle at N498.42 billion. Market activity measured by aggregate volume advanced by 598% while value also went up by 94%. Investors traded a total of 570,200 units of shares valued at N21.17 million in 11 deals.

Please find attached our daily market report for today, November 28, 2018.

Daily Report for 28112018