Daily Financial Market Report

Dear Client/Reader,

Bullish trend still persists…ASI surged by 128 Basis Points

The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 1.28% from 25,987.14 to close at 26,319.34. Market Capitalization increased by N173 billion to close at N13.75 trillion while the Year-to-Date (YtD) improved as it closed at -1.95%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as four sectors closed in the green zone today. The Consumer Goods, Banking, Industrial and Insurance indices increased by 2.45%, 2.01%, 1.58% and 0.44% respectively, owing to buy interests recorded in the shares of Nb (9.82%) and Flourmill (6.70%);  Guaranty (3.85%) and Stanbic (3.58%); Wapco (8.51%) and Dangcem (2.28%); Cornerst (9.23%). However, Oil & Gas declined by 0.51% due to sell interests in the shares of Oando (-9.78%) amongst others. 

NASD Market

The NASD market was bullish after today’s trading activities as the Unlisted Securities Index (USI) increased by 1.32% to 732.57. Consequently, Market Capitalization improved by 1.32% to N538.12 billion. Market activity measured by aggregate volume went down by 99.52% while value declined by 93.32%. Investors traded a total of 5000 units of shares valued at N687,500.00 in 1 deal. Wamco Plc was the only traded security in the NASD today.

Please find attached our Daily Financial Market update for today, September 25^th, 2020.

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Dear Client/Reader,

Bullish trend still persists…ASI Increases by 79 Basis Points

The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 0.79% from 25,783.02 to close at 25,987.14. Market Capitalization increased by N106 billion to close at N13.58 trillion while the Year-to-Date (YtD) returns settled at -3.19%.

Sectors performance was broadly bullish

Performance across sectors was broadly bullish as three sectors closed in the green zone today. The Consumer Goods, Banking and Industrial indices increased by 2.09%, 1.59% and 0.86% respectively, owing to buy interests recorded in the shares of Nb (10.00%), Dangsugar (2.88%) and Flourmill (0.75%);  Access (3.17%), Ucap (2.24%), Fbnh (2.00%) and Guaranty (1.96%); Wapco (6.82%), Fidson (0.86%). However, Oil & Gas and Insurance declined by 0.68% and 0.18% due to sell interests in the shares of Ardova (-9.65%) amongst others. 

NASD Market

The NASD market was bearish after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.55% to 723.01. Consequently, Market Capitalization declined by 0.55% to N531.01 billion. Market activity measured by aggregate volume increased by 2.06% while value improved by 351.62%. Investors traded a total of 1,031,580 units of shares valued at N10,293,794.00 in 5 deals. The traded securities today includes; Wamco Plc, NDEP Plc and Food CPT.

Please find attached our Daily Financial Market update for today, September 24^th, 2020.

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Dear Client/Reader,

Bullish trend persists…ASI Increases by 50 Basis Points

The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 0.50% from 25,654.90 to close at 25,783.02. Market Capitalization increased by N66.9 billion to close at N13.47 trillion while the Year-to-Date (YtD) returns settled at -3.95%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as all five sectors closed in the green zone today. The Oil and Gas, Consumer Goods, Insurance, Banking and Industrial indices increased by 2.02%, 1.35%, 1.09%, 0.65% and 0.09% respectively, owing to buy interests recorded in the shares of Seplat (3.90%) and Mobil (0.31%); Nb (3.57%) and Intbrew (9.09%); Prestige (9.09%) and Cornerst (8.33%); Zenith (1.80%) and Fidelitybk (1.69%) amongst others.

NASD Market

The NASD market was flat after today’s trading activities as the Unlisted Securities Index (USI) remained unchanged at 727.03. Consequently, Market Capitalization remained at N534.05 billion. Market activity measured by aggregate volume decreased by -90.93% while value decreased by -90.03%. Investors traded a total of 1,010,717 units of shares valued at N2,279,281.00 in 9 deals. The traded securities today includes; CSCS Plc, Wamco Plc, NDEP Plc and Food CPT.

Please find attached our Daily Financial Market update for today, September 23^rd, 2020.

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Dear Client/Reader,

The Bulls regained position…ASI increases by 31 Basis Points

The Nigerian Stock Exchange (NSE) closed bullish as the benchmark All Share Index (ASI) increased by 0.31% from 25,574.35 to close at 25,654.90. Market Capitalization increased by N42billion to close at N13.40 trillion while the Year-to-Date (YtD) returns settled at -4.42%. 

Sectors performance was significantly bearish

Performance across sectors was significantly bearish as all five sectors closed in the red zone today. The Insurance, Banking, Oil and Gas, Industrial and Consumer Goods indices declined by -1.11%, -0.60%, -0.15%, -0.11% and -0.10% respectively, owing to sell interests recorded in the shares of Cornerst (-6.25%), Linkassure (-5.00%); Ubn (-6.54%), Access (-1.56%); Oando (-1.74%); Uacn (-1.56%) and Intbrew (-2.94%), Honeyflour (-2.17%).

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.25% from 728.86 to close at 727.03. Consequently, Market Capitalization decreased to N534.05 billion, as opposed N535.40 yesterday. Market activity measured by aggregate volume increased by 32831.54% while value increased by 10732.85%. Investors traded a total of 11,147,327 units of shares valued at N22,854,597.00 in 11 deals. The traded securities today includes; CSCS Plc, Wamco Plc, NDEP Plc and Nipco Plc, amongst others.

Please find attached our Daily Financial Market update for today, September 2^2nd, 2020.

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Dear Client/Reader,

Market Closed Flat…ASI increases by 1 Basis Point

The Nigerian Stock Exchange (NSE) closed flat as the benchmark All Share Index (ASI) increased marginally by 0.01% to close at 25,574.35. Market Capitalization increased by N929 million to close at N13.365 trillion while the Year-to-Date (YtD) returns settled at -4.72%.

Sectors performance was broadly bullish

Performance across sectors was broadly bullish as three sectors closed in the green zone today. The Insurance, Industrial and Consumer Goods indices increased by 1.36%, 0.19% and 0.08% respectively, owing to  buy interests recorded in the shares of Wapic (8.11%), Mbenefit (5.00%) and Cornerst (4.92%); Uacn (4.13%). Conversely, Banking indices declined by 0.30%, on the back of selloffs recorded in the shares of Sterlnbank (-1.68%), Access (-0.78%) and Guaranty (-0.39%). However, Oil and Gas remained unchanged.

NASD Market

The NASD market increased after today’s trading activities as the Unlisted Securities Index (USI) increased by 1.23% from 720.02 to close at 728.86. Consequently, Market Capitalization increased to N535.40 billion, as opposed N528.90 last friday. Market activity measured by aggregate volume decreased by 34.17% while value decreased by 93.68%. Investors traded a total of 33,850 units of shares valued at N210,975.00 in 4 deals. The traded securities today includes; Afriland Plc, CSCS Pls, Wamco Plc.

Please find attached our Daily Financial Market update for today, September 21^st , 2020.

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Dear Client/Reader,

Bulls took Over…ASI increases by 15 Basis Points

The Nigerian Stock Exchange (NSE) closed positive as the bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) surged by 0.15% to close at 25,572.57. Market Capitalization increased by N20.49 billion to close at N13.36 trillion while the Year-to-Date (YtD) returns settled at -4.73%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the green zone. Consumer Goods and Banking indices increased by 0.59% and 0.30% respectively, on the back of buy interests recorded in the shares of Dangsugar (7.14%); Access (1.57%) and Unitybnk (5.56%). Conversely, Insurance indices declined by 0.30%, on the back of selloffs recorded in the shares of Cornerst (-1.67%). However, Oil and Gas as well as Industrial remained unchanged.

NASD Market

The NASD market was unchanged after today’s trading activities as the Unlisted Securities Index (USI) closed at 720.02. Consequently, Market Capitalization also remained the same at N528.9 billion. Market activity measured by aggregate volume decreased by 96.14% while value decreased by 84.16%. Investors traded a total of 51,418 units of shares valued at N3.34 million in 1 deal. Only one security traded on the NASD platform today; Nipco Plc.

Please find attached our Daily Financial Market update for today, September 18, 2020.

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Dear Client/Reader,

Bearish Run Persists…ASI Loses 7 Basis Points

The Nigerian Stock Exchange (NSE) closed negative as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.07% to close at 25,533.35. Market Capitalization shed N9.18 billion to close at N13.34 trillion while the Year-to-Date (YtD) returns settled at -4.88%. 

Sectors performance broadly bullish

Performance across sectors was broadly bullish as three sectors closed in the green zone. Insurance, Consumer Goods, and Industrial indices increased by 1.28%, 0.07% and 0.05% respectively, on the back of buy interests recorded in the shares of Aiico (4.71%); Cadbury (7.10%); Intbrew (10.00%). Conversely, Banking and Oil and Gas indices declined by 0.36% and 0.19% respectively, on the back of selloffs recorded in the shares of Oando (-2.13%) and Fidelitybk (-0.56%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 29 basis points to close at 720.02. Consequently, Market Capitalization also decreased by 0.29% to close at N528.9 billion. Market activity measured by aggregate volume increased by 63.99% while value increased by 158.19%. Investors traded a total of 1,331,905 units of shares valued at N21.1 million in 13 deals. Eight securities traded on the NASD platform today and they are: CSCS Plc, Afriland Properties Plc, WAMCO Plc, Mixreal Plc, Nipco Plc, Airliquid Plc, Famad Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, September 17, 2020.

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Dear Client/Reader,

Bearish Run Persists…ASI Loses 19 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.19% to close at 25,550.31. Market Capitalization shed N1.16 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.81%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Insurance, Banking, and Industrial indices declined by 1.49%, 0.58% and 0.23% respectively, on the back of selloffs recorded in the shares of Nem (-9.78%); Access (-1.49%) and Zenithbank (-1.16%); Wapco (-3.70%). Conversely, Oil and Gas and Consumer Goods indices advanced by 0.41% and 0.07% respectively, on the back of buy interest recorded in the shares of Oando (4.44%) and Ardova (0.44%); NB (2.31%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 69 basis points to close at 722.13. Consequently, Market Capitalization also decreased by 0.69% to close at N530.45 billion. Market activity measured by aggregate volume decreased by 20.65% while value declined by 89.02%. Investors traded a total of 812,166 units of shares valued at N8.17 million in 9 deals. Four securities traded on the NASD platform today and they are: CSCS Plc, Afriland Properties Plc, WAMCO Plc and NDEP Plc. 

Please find attached our Daily Financial Market update for today, September 16, 2020.

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Dear Client/Reader,

Bears Regain Dominance on Local Bourse…ASI Loses 3 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.03% to close at 25,597.96. Market Capitalization shed N3.97 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.63%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Oil and Gas, Banking, and Consumer Goods indices declined by 1.16%, 0.18% and 0.10% respectively, on the back of selloffs recorded in the shares of Oando (-5.46%) and Seplat (-1.28%); UBA (-0.81%) and Zenithbank (-0.29%); Dangsugar (-1.24%). Conversely, Insurance and Industrial indices advanced by 0.35% and 0.21% respectively, on the back of buy interest recorded in the shares of Cornerst (6.45%); Wapco (3.45%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 115 basis points to close at 727.12. Consequently, Market Capitalization also increased by 1.15% to close at N534.12 billion. Market activity measured by aggregate volume increased by 3,628.84% while value advanced by 5,367.26%. Investors traded a total of 1.02 million units of shares valued at N74.13 million in 11 deals. Six securities traded on the NASD platform today and they are: NIPCO Plc, WAMCO Plc, Food Concept Plc, Afriland Properties Plc, VFD Group Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, September 15, 2020.

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Dear Client/Reader,

Equity Market Resumes New Week Bullish…ASI Gains 5 Basis Points

The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.05% to close at 25,605.59. Market Capitalization gained N7.11 billion to close at N13.36 trillion while the Year-to-Date (YtD) returns settled at -4.61%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Consumer Goods, Oil and Gas and Insurance indices declined by 0.50%, 0.08% and 0.07% respectively, on the back of selloffs recorded in the shares of Guinness (-8.57%) and Intbrew (-0.37%); Oando (-0.83%); Cornerst (-4.62%). Conversely, Industrial and Banking indices advanced by 0.51% and 0.15% respectively, on the back of buy interest recorded in the shares of Wapco (1.95%) and Dangcem (0.75%); Guaranty (0.40%) and Zenithbank (0.29%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 89 basis points to close at 718.87. Consequently, Market Capitalization also increased by 0.89% to close at N528.06 billion. Market activity measured by aggregate volume decreased by 74.12% while value declined by 21.75%. Investors traded a total of 27,450 units of shares valued at N1.36 million in 5 deals. Two securities traded on the NASD platform today and they are: CSCS Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, September 14, 2020.

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