Daily Financial Market Report

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.

Equities market continues week on a Bearish note…ASI Loses 4 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 0.04% to close at 38,706.13. Similarly, Market Capitalization decreased by N7 billion to close at N20.25 trillion while the Year-to-Date (YtD) returns settled at -3.89%.

Sectors performance was Broadly Bearish

Performance across sectors was broadly bearish as 3 out of the 5 sectors closed in the red zone. Banking and Consumer goods indices declined by 1.03%, 0.42% and 0.02% respectively, on the back of sell pressures recorded in the shares of VITAFOAM (-5.16%), MANSARD (-5.05%), NEM (-4.57%), NAHCO (-4.55%), JAPAUL (-2.08%), FIDELITY (-1.79%), GUARANTY (-1.75%), WEMA (-1.67%), FBNH (-1.37%) and FCMB (-0.35%)  among others. However, Oil and Gas index advanced on the back of buy interests recorded in the shares of OANDO (9.67%) and SEPLAT (0.92%). Industrial Index remained unchanged.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.45% to close at 703.67. Consequently, Market Capitalization also closed negative at N500.17 billion. Market activity measured by aggregate volume increased by 956.30% while value increased by 2461.53%. Investors traded a total of 10,563 units of shares valued at N153,691 in 1 deals. 

Please find here our Daily Financial Market update for today, March 17th, 2021.

Equities market continues week on a Bullish note…ASI Gains 41 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 0.41% to close at 38,720.81. Similarly, Market Capitalization increased by N83 billion to close at N20.26 trillion while the Year-to-Date (YtD) returns settled at -3.85%.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 2 out of the 5 sectors closed in the green zone. Consumer goods and Industrial indices advanced by 0.23% and 1.70% respectively, on the back of buy interests recorded in the shares of REGALINS (10.00%), JAIZBANK (9.68%), GUINNESS (6.52%), UAC-PROP (3.95%), DANGCEM (3.55%), GLAXOSMITH (2.42%), MTNN (1.20%), AIICO (0.83%), STRELING (0.64%) and LIVESTOCK (0.55%) among others. However, Insurance and Banking indices declined on the back of sell pressures recorded in the shares of GUARANTY (-4.51%), ZENITH (-4.25%), FBNH (-2.72%), MBENEFIT (-2.56%), UCAP (-2.39), UBA (-2.08), FCMB (-1.38) and MANSARD (-1.00%). Oil and Gas Index remained unchanged.

NASD Market

The NASD market remained unchanged after today’s trading activities as the Unlisted Securities Index (USI) closed at 700.23. Consequently, Market Capitalization also remained unchanged to close at N502.42 billion. Market activity measured by aggregate volume decreased by 99.95% while value decreased by 99.98%. Investors traded a total of 1,000 units of shares valued at N6,000 in 1 deal. 

Please find here our Daily Financial Market update for today, March 16th, 2021.

Equities market closes Bullish…ASI Gains 17 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 0.17% to close at 39,396.57. Similarly, Market Capitalization increased by N34 billion to close at N20.61 trillion while the Year-to-Date (YtD) returns settled at -2.17%.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 3 out of the 5 sectors closed in the green zone. Insurance, Oil and gas and Industrial indices advanced by 1.26%, 1.01% and 0.47% respectively, on the back of buy interests recorded in the shares of ARDOVA (10.00%), OANDO (9.09%), WEMA (9.09%), WAPCO (8.11%), SOVRENINS (4.00%), TRANSCORP (3.70%), AIICO (3.45%), JAPAUL (2.04%), STERLING (2.04%) and ACCESS (1.28%) among others. However, Banking and Consumer goods indices declined on the back of sell pressures recorded in the shares of LIVESTOCK (-9.87%), UCAP (-4.38%), FIDELITY (-4.35%), CADBURY (-3.61%), AFRIPRUD (-3.36%), INTBREW (-1.80%), ZENITH (-1.58%) and GUARANTY (-0.65%). 

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 1.88% to close at 710.44. Consequently, Market Capitalization also closed positive at N509.75billion. Market activity measured by aggregate volume decreased by 36.01% while value decreased by 30.88%. Investors traded a total of 75,500 units of shares valued at N9.82 mn in 1 deal. 

Please find here our Daily Financial Market update for today, March 8th, 2021.

Equities market closes Bearish…ASI Loses 44 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 0.44% to close at 39,522.06. Similarly, Market Capitalization decreased by N92 billion to close at N20.68 trillion while the Year-to-Date (YtD) returns settled at -1.86%.

Sectors performance was Broadly Bearish

Performance across sectors was broadly bearish as 3 out of the 5 sectors closed in the red zone. Insurance, Consumer goods and Industrial indices declined by 0.86%, 0.45% and 0.41% respectively, on the back of sell pressures recorded in the shares of JAPAUL (-10.00%), PRESTIGE (-8.70%), WAPCO (-4.76%), TRANSCORP (-4.49%), UCAP (-3.87%), MTNN (-2.30%), FIDELITY (-2.13%), DANGSUGAR (-1.40%), ACCESS (-0.62%) and ZENITH (-0.39%) among others. However, Oil and Gas index advanced on the back of buy interests recorded in the shares of AIICO (5.22%). Banking Index remained unchanged.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.10% to close at 695.45. Consequently, Market Capitalization also closed negative at N498.99 billion. Market activity measured by aggregate volume decreased by 73.34% while value decreased by 39.66%. Investors traded a total of 20,614 units of shares valued at N2.30 mn in 6 deals. 

Please find here our Daily Financial Market update for today, March 3rd, 2021.