Daily Financial Markets Report for August 24, 2021
Equities market closes on a Positive note… ASI gains 7 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.07% to close at 39,460.68. Market Capitalization
increased by 13.54 Billion to close at N20.559 trillion while the Year-to-Date (YtD)
returns settled at –2.01%.
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: MORISON (10.00%), TRIPPLEG (9.09%), JAIZBANK (6.90%),
HONYFLOUR (4.93%), CHAMPION (4.27%), ETI (2.83%), WAPCO (2.33%),
DANGSUGAR (0.84%), ZENITHBANK (0.82%), FBNH (0.68%), UCAP (0.57%) and
GTCO (0.36%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.02% to close at 736.28. Consequently, Market
Capitalization closed at 639.95 billion. Market activity measured by aggregate
volume increased by 313.88% while value increased by 296.12%. Investors traded a
total of 5,734,531 units of shares valued at N98.012 million in 23 deals.
Please find here our Daily Financial Market update for today, August 24, 2021
