Daily Financial Market Report

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

Equities market closes on a Positive note …ASI gains 74 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 0.74% to
close at 39,170.95. Similarly, Market Capitalization increased by 150.76 billion to
close at N20.42 trillion while the Year-to-Date (YtD) returns settled at -2.73%.

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: OKOMUOIL (9.75%), UBN (9.43%), HONYFLOUR (8.62%),
NASCON (7.41%), WAPCO (4.22%), UCAP (3.33%), FLOURMILL (2.74%),
TRANSCORP (2.30%), DANGCEM (2.22%), GUARANTY (1.76%), STANBIC (1.09%),
FIDELITY (0.89%), VITAFOAM (0.87%) and ZENITH (0.22%) amongst others.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 5 out of 5 sectors closed in the
green zone. Industrial, Consumer Goods, Banking, Insurance and Oil & Gas Indices
advanced by 1.33%, 0.28%, 1.25%, 0.37% and 0.03% respectively.
Market activity measured by aggregate volume decreased by 16.93% while value
increased by 148.95%. Investors traded a total of 181 million units of shares valued
atN3.96 billion in 3,217 deals.
Market breadth measured by Advancers/Decliners was positive as it closed at 4.17x
indicating a bullish mood. At the close of trading : OKOMUOIL (9.75%), UBN
(9.43%), HONYFLOUR (8.62%), NASCON (7.41%), WAPCO (4.22%), UCAP (3.33%),
FLOURMILL (2.74%), TRANSCORP (2.30%), DANGCEM (2.22%), GUARANTY (1.76%), STANBIC (1.09%), FIDELITY (0.89%), VITAFOAM (0.87%) and ZENITH (0.22%) were the amongst 25 market gainers, while SOVRENINS (-3.57%), JAIZBANK (-3.39%), FCMB (-1.59%), FBNH (-1.37%), MANSARD (-1.19) and NB (-0.08%) were the 6 market laggards. 65 stock prices remained unchanged.
The Banking sector emerged as the most active sector. Equities of Zenith, Sterling
and Guaranty were the most active in the subsector as 83 million units of shares
worth N1.08 Billion were traded in 2,240 transactions. Zenith, Sterling and Guaranty
accounted for 66% of the total volume traded in the subsector.
Other Financial Institutions came second ahead of Insurance. Equities of FBNH and
UCAP were the most active in the subsector as 29 million units of shares worth N169
million were traded in 994 transactions. Trading in the Equities of FBNH and UCAP
accounted for 63% 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 1.82% to close at 754.98. Consequently, Market
Capitalization also closed at N536.65 billion. Market activity measured by aggregate
volume decreased by 57.93% while value decreased by 55.35%. Investors traded a
total of 2,564,200 units of shares valued at N62 million in 21 deals.

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

Dear Client/Reader,

Please find here our Market Report for today,  June 8, 2021.

Equities market closes on a Negative note…ASI Loses 8 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 0.08% to close at 38,256.76. Similarly, Market Capitalization decreased by 16 billion to close at N19.99 trillion while the Year-to-Date (YtD) returns settled at -5.00%.

Sectors performance was Broadly Bearish

Performance across sectors was broadlybearish as 2 out of 5 sectors closed in the red zone. Banking and Insurance indices declined by 0.47% and 1.61% respectively, on the back of sell pressures recorded in the shares of AIICO (-4.96%), CHAMS (-4.76%), MANSARD (-4.44%), JAIZBANK (-1.72%), LIVESTOCK (-1.64%), FBNH (-1.38%), UAC-PROP (-1.32%), GUARANTY (-1.21%),  STERLING (-0.59%) and GUINNESS (-0.17%) amongst others. While Consumer goods and Industrial Indices advanced by 0.02% and 0.01% respectively, on the back of buy interests in the shares of VITAFOAM (2.78%), HONYFLOUR (2.63%), UACN (2.31%) and UNILEVER (1.23%). Oil and gas index remained unchanged.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.07% to close at 765.20. Consequently, Market Capitalization also closed negative at N543.91 billion. Market activity measured by aggregate volume decreased by 63.09% while value decreased by 31.86%. Investors traded a total of  2,839,639 units of shares valued at N127.499 million in 39 deals.

Please find here our Daily Financial Market update for today, May 25th, 2021

Equities market closes on a Positive note…ASI Gains 5 Basis Point

The Nigerian Stock Exchange (NSE) closed positive as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.05% to close at 38,341.66. Similarly, Market Capitalization increased by 10 billion to close at N19.99 trillion while the Year-to-Date (YtD) returns settled at -4.79%..

Sectors performance was Broadly Bearish

Performance across sectors was broadlybearish as 3 out of 5 sectors closed in the red zone. Banking, Consumer goods and Insurance indices declined by 0.68%, 0.10% and 0.75% respectively, on the back of sell pressures recorded in the shares of ENAMELWA (-9.75%), UAC-PROP (-8.43%), JAIZBANK (-6.45%), MBENEFIT (-4.55%), WEMA (-3.33%), ETERNA (-2.50%), ETI (-1.89%), ACCESS (-1.82%), UBA (-1.38%) and GUARANTY (-0.85%) amongst others. While Oil and gas and Industrial Indices advanced by 0.21% and 0.09% respectively, on the back of buy interests in the shares of OANDO (3.45%), WAPCO (1.49%) and MTNN (0.31%).

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.99% to close at 765.76. Consequently, Market Capitalization also closed negative at N544.31 billion. Market activity measured by aggregate volume increased by 154.63% while value decreased by 157.41%. Investors traded a total of  7,693,337 units of shares valued at N187.09 million in 37 deals.

Please find here our Daily Financial Market update for today, May 24th, 2021

Equities market closes on a Negative note…ASI Loses 148 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 1.48% to close at 38,445.09. Similarly, Market Capitalization decreased by 301 billion to close at N20.04 trillion while the Year-to-Date (YtD) returns settled at -4.53%.

Sectors performance was Broadly Bearish

Performance across sectors was broadlybearish as 3 out of 5 sectors closed in the red zone. Banking, Consumer goods and Insurance indices declined by 0.62%, 0.32% and 0.61% respectively, on the back of sell pressures recorded in the shares of AIRTEL (-10.00%), DANGSUGAR (-3.93%), ZENITH (-2.13%), UACN (-0.96%), STANBIC (-0.88%), UBN (-0.83%), FBNH (-0.70%), GUARANTY (-0.51%), UCAP (-0.49%) and DANGCEM (-0.47%) amongst others. While Oil and Gas and Industrial Indices advanced by 7.11% and 0.85% respectively, on the back of buy interests in the shares of SEPLAT (10.00%), MRS (10.00%), BUACEMENT (2.48%), TRANSCORP (2.33%) and ETERNA (0.38%).

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 1.03% to close at 763.84. Consequently, Market Capitalization also closed positive at N542.95 billion. Market activity measured by aggregate volume decreased by 4.04% while value increased by 9.29%. Investors traded a total of  3,668,684 units of shares valued at N78.43million in 42 deals.. 

Please find here our Daily Financial Market update for today, May 19th, 2021

Equities market closes on a Positive note…ASI Gains 2 Basis Point

The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated marginally by 0.02% to close at 38,774.03. Similarly, Market Capitalization increased by N3 billion to close at N20.29 trillion while the Year-to-Date (YtD) returns settled at -3.72%.

Sectors performance was Significantly Bearish

Performance across sectors was significantly bearish as 4 out of the 5 sectors closed in the red zone. Insurance, Banking, Oil and gas and Industrial indices declined by 1.71%, 3.12%, 0.28% and 0.14% respectively, on the back of sell pressures recorded in the shares of STERLING (-9.47%), ZENITH (-4.11%), TRANSCORP (-3.66%), FIDELITY (-3.47%), GUARANTY (-3.28%), ACCESS (-2.47%), WAPCO (-2.33%), UBA (-0.83%), FBNH (-0.68%) and DANGSUGAR (-0.29%) among others. While Consumer goods sector advanced on the back of buy interests recorded in the shares of FLOURMILL (6.90%) and NESTLE (3.27%).

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 0.13% to close at 749.57. Consequently, Market Capitalization also closed positive at N532.80 billion. Market activity measured by aggregate volume increased by 28.73% while value increased by 92.61%. Investors traded a total of 109,420 units of shares valued at N27.09 million in 7 deals. 

Please find here our Daily Financial Market update for today, April 7th, 2021.

Equities market closes on a Negative note…ASI Loses 57 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 0.57% to close at 39,267.11. Similarly, Market Capitalization decreased by N118 billion to close at N20.54 trillion while the Year-to-Date (YtD) returns settled at -2.49%.

Sectors performance was Broadly Bearish

Performance across sectors was broadly bearish as 2 out of the 5 sectors closed in the red zone. Insurance and Industrial indices declined by 0.16% and 1.90% respectively, on the back of sell pressures recorded in the shares of ETI (-4.72%), SOVRENINS (-4.17%), DANGCEM (-4.02%), FIDELITY (-2.92%), JBERGER (-2.68%), TRANSCORP (-2.50%), JAPAUL (-2.22%), JAIZ (-1.56%), INTBREW (-0.87%) and DANGSUGAR (-0.61%) among others. However, Banking and Consumer goods indices advanced by 0.94% and 0.07% respectively, on the back of buy interests recorded in the shares of LIVESTOCK (9.66%), UBA (4.35%), UACN (3.45%), ZENITH (2.95%), CHAMPION (2.27%), CADBURY (1.85%), STERLING (1.80%), STANBIC (0.91%) and GUARANTY (0.15%). Oil and Gas index remained unchanged.

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 1.27% to close at 740.22. Consequently, Market Capitalization also closed positive at N526.16 billion. Market activity measured by aggregate volume decreased by 55.43% while value increased by 22.83%. Investors traded a total of 342,892 units of shares valued at N106 million in 13 deals. 

Please find here our Daily Financial Market update for today, March 30th, 2021.

Equities market resumes on a Positive note…ASI Gains 71 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 0.71% to close at 39,493.37. Similarly, Market Capitalization increased by N145 billion to close at N20.66 trillion while the Year-to-Date (YtD) returns settled at -1.93%.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 3 out of the 5 sectors closed in the green zone. Insurance, Banking and Consumer goods indices advanced by 0.56%, 2.06% and 0.19% respectively, on the back of buy interests recorded in the shares of CUSTODIAN (10.00%), GUARANTY (4.44%), WEMA (3.33%), MTNN (3.13%), WAPCO (2.56%), UCAP (2.34%), GUINNESS (2.33%), UACN (2.30%), UBA (1.47%) and DANGSUGAR (0.61%) among others. However, Oil and Gas and Industrial goods indices declined on the back of sell pressures recorded in the shares of OANDO (-6.06%) and DANGCEM (-0.44%).

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 0.69% to close at 730.93. Consequently, Market Capitalization also closed positive at N519.55 billion. Market activity measured by aggregate volume decreased by 43.42% while value decreased by 76.78%. Investors traded a total of 769,371 units of shares valued at N86.72million in 12 deals. 

Please find here our Daily Financial Market update for today, March 29th, 2021.