Daily Financial Market Report

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.

Equities market closes Bearish…ASI Loses 59 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 0.59% to close at 39,697.62. Similarly, Market Capitalization decreased by N122 billion to close at N20.77 trillion while the Year-to-Date (YtD) returns settled at -1.42%.

Sectors performance was Significantly Bearish

Performance across sectors was significantly bearish as 4 out of the 5 sectors closed in the red zone. Banking, Consumer goods, Oil and gas and Industrial indices declined by 0.12%, 3.86%, 0.88% and 0.41% respectively, on the back of sell pressures recorded in the shares of ARDOVA (-9.97%), WAPCO (-7.08%), NESTLE (-6.90%), FLOURMILL (-6.41%), FIDELITY (-3.29%), UACN (-3.13%), UBA (-2.40%), UCAP (-1.64%), ZENITH (-0.39%) and NASCON (-0.35%) among others. However, Insurance index advanced on the back of buy interests recorded in the shares of REGALINS (7.69%), PRESTIGE (6.98%), NEM (6.00%), and WAPIC (1.96%).

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 1.73% to close at 696.13. Consequently, Market Capitalization also closed negative at N499.48 billion. Market activity measured by aggregate volume decreased by 79,56% while value decreased by 91.33%. Investors traded a total of 77,320 units of shares valued at N3.81 mn in 6 deals.

Please find here our Daily Financial Market update for today, March 2nd, 2021.

Equities market starts new month on a Bullish note…ASI Gains 33 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 0.33% to close at 39,931.63. Similarly, Market Capitalization increased by N69 billion to close at N20.89 trillion while the Year-to-Date (YtD) returns settled at -0.84%.

Sectors performance was Broadly Bearish

Performance across sectors was broadly bearish as 3 out of the 5 sectors closed in the red zone. Insurance, Oil and gas and Consumer goods indices declined by 1.10%, 0.10 and 1.48% respectively, on the back of sell pressure recorded in the shares of PZ (-9.43%), LASACO (-8.94%), SOVERNINS (-7.41%), REGALINS (-7.14%), PRESTIGE (-6.52%), JAPAUL (-5.80%), WAPIC (-5.56%), MANSARD (-1.71%), OANDO (-1.16%) and DANGSUGAR (-0.83%) among others. However, Banking and Industrial sectors advanced on the back of buy interests recorded in the shares of BUACEM (3.82%), UBA (1.84%), WEMA (1.59%), ZENITH (1.38%) and ETI (0.96%)..

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 708.39. Consequently, Market Capitalization also closed negative at N508.28 billion. Market activity measured by aggregate volume increased by 17,827.73% while value increased by 27,252.92%. Investors traded a total of 756,550 units of shares valued at N87.97 mn in 18 deals. 

Please find here our Daily Financial Market update for today, March 1st, 2021.

Equities market closes Bearish…ASI Loses 31 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 0.31% to close at 40,095.49. Similarly, Market Capitalization decreased by N65 billion to close at N20.98 trillion while the Year-to-Date (YtD) returns settled at -0.44%.

Sectors performance was Significantly Bearish

Performance across sectors was significantly bearish as 3 out of the 5 sectors closed in the red zone. Banking, Oil and gas and Consumer goods indices declined by 1.44%,  0.15% and 0.79% respectively, on the back of sell pressures recorded in the shares of ACCESS (-5.29%), TRANSCORP (-4.26%), UBA (-4.09%), UCAP (-3.85%), NB (-3.70%), FCMB (-2.57%), OANDO (-1.76%), ZENITH (-1.71%), DANGSUGAR (-1.10%) and FBNH (-0.68%) among others. However, Insurance advanced on the back of buy interests recorded in the shares of PRESTIGE (4.55%), WAPIC (3.70%) and MANSARD (0.90%). Industrial Index remained unchanged.

NASD Market

The NASD market remained unchanged after today’s trading activities as the Unlisted Securities Index (USI) closed at 713.91. Consequently, Market Capitalization also closed unchanged at N512.24 billion. Market activity measured by aggregate volume decreased by 87.84% while value decreased by 84.56%. Investors traded a total of 4,998 units of shares valued at N662,700 in 2 deals. 

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

Equities market closes Bullish…ASI Gains 14 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 0.14% to close at 40,221.30. Similarly, Market Capitalization increased by N29 billion to close at N21.04 trillion while the Year-to-Date (YtD) returns settled at -0.12%.

Sectors performance was Significantly Bullish

Performance across sectors was significantly bullish as 3 out of the 5 sectors closed in the green zone. Banking, Oil and gas and Industrial indices advanced by 0.77%,  0.79% and 0.22% respectively, on the back of buy interests recorded in the shares of OANDO (10.00%), WAPCO (4.13%), AFRIPRUD (2.52%), ACCESS (1.80%), UBA (1.18%), DANGSUGAR (1.11%), TRANSCORP (1.09%), GUARANTY (0.98%), ZENITH (0.77%) and FBNH (0.68%) among others. However, Insurance and Consumer goods declined on the back of sell pressure recorded in the shares of LASACO (-9.49%), CHIPLC (-8.33%), CORNERST (-7.81%), FLOURMILL (-6.94%), WAPIC (-6.90%), MBENEFIT (-2.50%), MANSARD (-1.77%) and AIICO (1.67%). 

NASD Market

The NASD market closed positive after today’s trading activities as the Unlisted Securities Index (USI) increased by 0.94% to close at 713.91. Consequently, Market Capitalization also closed positive at N512.24 billion. Market activity measured by aggregate volume decreased by 82.45% while value decreased by 46.94%. Investors traded a total of 41,100 units of shares valued at N4.29mn in 4 deals. 

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

Equities market closes flat…ASI Gains 3 Basis Point

The Nigerian Stock Exchange (NSE) closed flat as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated marginally by 0.03% to close at 40,164.86. Similarly, Market Capitalization increased by N5 billion to close at N21.01 trillion while the Year-to-Date (YtD) returns settled at -0.26%.

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 Consumer goods indices declined by 0.92% and 1.61% respectively, on the back of sell pressure recorded in the shares of AFRIPRUD (-9.87%), MAYBAKER (-8.79%), NB (-8.47%), MBENEFIT (-4.76%), TRANSCORP (-4.26%), FIDELITY (-3.75%), DANGSUGAR (-2.70%), MANSARD (-1.71%), PZ (-0.93%) and ACCESS (-0.60%) among others. However, Banking advanced on the back of buy interests recorded in the shares of ZENITH (4.03%), UNITY (1.52%), UBA (1.19%) and GUARANTY (0.16%). Industrial and Oil and gas sectors remained unchanged.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.94% to close at 710.72. Consequently, Market Capitalization also closed negative at N509.95 billion. Market activity measured by aggregate volume decreased by 92.28% while value decreased by 37.99%. Investors traded a total of 85,800 units of shares valued at N18.26 mn in 11 deals.

Please find here our Daily Financial Market update for today, February 23rd, 2021.

Equities market continues Trading week on a Negative Note…ASI Loses 63 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 0.63% to close at 40,212.19. Similarly, Market Capitalization decreased by N132 billion to close at N21.04 trillion while the Year-to-Date (YtD) returns settled at -0.15%.

Sectors performance was Broadly Bearish

Performance across sectors was significantly bearish as all 5 sectors closed in the red zone. Insurance, Banking, Consumer goods, Oil and gas and Industrial indices declined by 1.54%, 2.60%, 0.51%, 0.20 and 0.13% respectively, on the back of sell pressure recorded in the shares of FCMB (-5.00%), UBA (-4.76%), FLOURMILL (-4.67%), ZENITH (-4.00%), DANGSUGAR (-3.41%), TRANSCORP (-3.19%), ACCESS (-2.41%), GUARANTY (-1.94%), MTNN (-0.94%) and UCAP (-0.50%) among others. 

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.40% to close at 724.17. Consequently, Market Capitalization also closed negative at N519.61 billion. Market activity measured by aggregate volume increased by 2,368.59% while value increased by 909.78%. Investors traded a total of 662,817 units of shares valued at N34.90 mn in 19 deals. 

Please find here our Daily Financial Market update for today, February 18th, 2021.