Daily Financial Market Report

Dear Client/Reader,

Equity Market Sustains Uptrend…ASI Gains 28 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 0.28% to close at 25,591.95. Market Capitalization gained N37.03 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.66%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Insurance, Banking and Industrial indices advanced by 0.45%, 0.35% and 0.25% respectively, on the back of buy interest recorded in the shares of Cornerst (6.56%) and Mansard (2.78%); Zenithbank (1.74%) and Guaranty (1.01%); Wapco (4.92%). Conversely, Consumer Goods and Oil and Gas indices declined by 0.31% and 0.04% respectively, on the back of selloffs recorded in the shares of Intbrew (-4.11%) and Guinness (-3.57%); Ardova (-9.20%).

Market synopsis for the week

The stock market closed negative this week. The nation’s bourse had bearish performance as it closed negative in three of the five trading sessions. The market recorded gains on the fourth and last trading day of the week (0.38% and 0.28%, respectively) and recorded losses on the first, second and third trading day of the week (-0.09%, 0.33% and -0.28% respectively), due to sell pressure in large and mid-cap stocks across Consumer Goods and Oil and Gas sectors. Overall, ASI declined by 0.05% week-on-week, while the year-to-date returns settled at -4.66%.

Please find attached our Daily Financial Market update for today, September 11, 2020.

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Dear Client/Reader,

Bulls Regain Dominance on Local Bourse…ASI Gains 38 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 0.38% to close at 25,520.97. Market Capitalization gained N50.12 billion to close at N13.31 trillion while the Year-to-Date (YtD) returns settled at -4.92%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Banking, Consumer Goods and Industrial indices advanced by 2.28%, 0.08% and 0.02% respectively, on the back of buy interest recorded in the shares of Access (3.85%) and Zenithbank (3.35%); NB (0.12%); Wapco (0.41%). Conversely, Insurance and Oil and Gas indices declined by 1.66% and 1.28% respectively, on the back of selloffs recorded in the shares of Custodian (-3.03%) and Mansard (-1.64%); Seplat (-2.50%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 104 basis points to close at 714.44. Consequently, Market Capitalization also decreased by 1.04% to close at N524.81 billion. Market activity measured by aggregate volume increased by 8.87% while value declined by 48.42%. Investors traded a total of 132,000 units of shares valued at N1.83 million in 3 deals. One security traded on the NASD platform today and it was: CSCS Plc.

Please find attached our Daily Financial Market update for today, September 10, 2020.

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Dear Client/Reader,

Equity Market Closes Negative…ASI Loses 28 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 0.28% to close at 25,424.91. Market Capitalization shed N37.77 billion to close at N13.26 trillion while the Year-to-Date (YtD) returns settled at -5.28%.

Sectors performance significantly bearish

Performance across sectors was significantly bearish as one sector closed in the green zone. Banking and Insurance declined by 1.54% and 0.39% respectively, on the back of sell pressure recorded in the shares of UBA (-3.17%) and Access (-2.99%); Mbenefit (-4.76%) and Wapic (-2.94%). Similarly, Consumer Goods and Oil and Gas declined by 0.19% and 0.11% respectively, on the back of selloffs recorded in the shares of Honyflour (-4.26%); Oando (-1.30%). Conversely, Industrial index advanced by 0.05% on the back of gains recorded in the shares of Wapco (0.83%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 19 basis points to close at 721.93. Consequently, Market Capitalization also increased by 0.19% to close at N530.31 billion. Market activity measured by aggregate volume decreased by 49.41% while value declined by 9.45%. Investors traded a total of 121,250 units of shares valued at N3.55 million in 10 deals. Seven securities traded on the NASD platform today and they are: CSCS Plc, WAMCO Plc, Food Concept Plc, Firsttrust Mortgage Bank Plc, Mixta Real Estate Plc, UBN Properties Plc and Resourcery Plc.

Please find attached our Daily Financial Market update for today, September 09, 2020.

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Dear Client/Reader,

Bears Gain Momentum on Local Bourse…ASI Loses 33 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 0.33% to close at 25,497.32. Market Capitalization shed N44.30 billion to close at N13.30 trillion while the Year-to-Date (YtD) returns settled at -5.01%.

Sectors performance significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Consumer Goods and Insurance indices advanced by 0.43% and 0.26% respectively, on the back of gains recorded in the shares of Honyflour (4.44%) and NB (2.50%); Wapic (3.03%). Similarly, Oil and Gas and Industrial indices advanced by 0.19% and 0.01% respectively, on the back of buy interest recorded in the shares of CAP (2.65%). Conversely, Banking index declined by 3.42% on the back of losses recorded in the shares of Guaranty (-6.18%) and Zenithbank (-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 720.54. Consequently, Market Capitalization also declined by 0.68% to close at N529.29 billion. Market activity measured by aggregate volume increased by 478.97% while value declined by 65.69%. Investors traded a total of 239,660 units of shares valued at N3.91 million in 18 deals. Four securities traded on the NASD platform today and they are: CSCS Plc, NDEP Plc, WAMCO Plc and NIPCO Plc.

Please find attached our Daily Financial Market update for today, September 08, 2020.

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Dear Client/Reader,

Bears Claw Back on Local Bourse…ASI Loses 9 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 0.09% to close at 25,582.23. Market Capitalization shed N12.22 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.69%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Insurance, Oil and Gas and Industrial indices advanced by 0.69%, 0.19% and 0.03% respectively, on the back of buy interest recorded in the shares of NEM (8.70%) and Custodian (2.11%); Eterna (9.13%) and Oando (2.22%); Wapco (0.42%). Conversely, Banking and Consumer Goods indices declined by 0.70% and 0.36% respectively, on the back of selloffs recorded in the shares of Guaranty (-2.45%) and UBA (-2.33%); Dangsugar (-3.60%) and Guinness (-0.35%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 158 basis points to close at 725.51. Consequently, Market Capitalization also increased by 1.58% to close at N532.94 billion. Market activity measured by aggregate volume increased by 830.20% while value advanced by 872.29%. Investors traded a total of 41,394 units of shares valued at N11.41 million in 6 deals. Three securities traded on the NASD platform today and they are: WAMCO Plc, Afriland Properties Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, September 07, 2020.

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Dear Client/Reader,

Equity Market Closes Week Bullish…ASI Gains 37 Basis Points

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.37% to close at 25,605.64. Market Capitalization gained N49.36 billion to close at N13.36 trillion while the Year-to-Date (YtD) returns settled at -4.61%.

Sectors performance significantly bullish

Performance across sectors was significantly bullish as all sectors closed in the green zone. Insurance, Oil and Gas and Banking indices advanced by 2.37%, 1.83% and 1.60% respectively, on the back of buy interest recorded in the shares of Lawunion (9.71%) and Mansard (9.58%); Seplat (3.90%); Guaranty (3.31%) and Zenithbank (1.16%). Similarly, Consumer Goods and Industrial indices advanced by 0.06% and 0.01% respectively, on the back of bargain hunting recorded in the shares of Guinness (3.21%); Vitafoam (3.29%).

Market synopsis for the week

The stock market closed positive this week. The nation’s bourse had bullish performance as it closed positive in all five trading sessions. The market recorded gains all trading days of the week (0.07%, 0.34%, 0.18%, 0.20% and 0.37% respectively), due to buy interest in large and mid-cap stocks across Insurance, Oil and Gas and Banking sectors. Overall, ASI advanced by 1.17% week-on-week, while the year-to-date returns settled at -4.61%.

Please find attached our Daily Financial Market update for today, September 04, 2020.

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Dear Client/Reader,

Equity Market Extends Gains…ASI Inches Up By 20 Basis Points

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.20% to close at 25,511.02. Market Capitalization gained N26.62 billion to close at N13.31 trillion while the Year-to-Date (YtD) returns settled at -4.96%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as three sectors closed in the green zone. Insurance, Banking and Consumer Goods indices advanced by 0.50%, 0.46% and 0.02% respectively, on the back of buy interest recorded in the shares of Linkassure (7.69%) and Wapic (6.06%); Zenithbank (1.47%) and UBA (0.78%). However, Oil and Gas and Industrial indices closed flat.

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 67 basis points to close at 714.21. Consequently, Market Capitalization also increased by 0.67% to close at N524.64 billion. Market activity measured by aggregate volume increased by 626.77% while value advanced by 5.63%. Investors traded a total of 11,890 units of shares valued at N518,447.50 in 3 deals. Two securities traded on the NASD platform today and they are: CSCS Plc and WAMCO Plc.

Please find attached our Daily Financial Market update for today, September 03, 2020.

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Click here for the daily financial market report.

Dear Client/Reader,

Equity Market Closes Positive…ASI Gains 18 Basis Points

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.18% to close at 25,460.00. Market Capitalization gained N23.89 billion to close at N13.28 trillion while the Year-to-Date (YtD) returns settled at -5.15%.

Sectors performance broadly bullish

Performance across sectors was mixed as two sectors closed in the red and green zones. Industrial and Oil and Gas indices declined by 0.93% and 0.19% respectively, on the back of selloffs recorded in the shares of Vitafoam (-3.68%) and Wapco (-1.64%); Oando (-2.13%). Conversely, Consumer Goods and Banking indices advanced by 0.55% and 0.36% respectively, on the back of buy interest recorded in the shares of NB (2.56%) and Flourmill (1.06%); UBA (2.00%) and Zenithbank (0.59%). However, Industrial Index closed flat.

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities Index (USI) settled at 709.45. Consequently, Market Capitalization also decreased by 0.24% to close at N521.14 billion. Market activity measured by aggregate volume decreased by 96.71% while value declined by 79.40%. Investors traded a total of 1,636 units of shares valued at N490,800 in 1 deal. One security traded on the NASD platform today and it was: NDEP Plc.

Please find attached our Daily Financial Market update for today, September 02, 2020.

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Dear Client/Reader,

Equity Market Sustains Bullish Momentum…ASI Gains 34 Basis Points

The Nigerian Stock Exchange (NSE) saw mixed sentiment with the bulls marginally edging the bears today. The benchmark All Share Index (ASI) appreciated by 0.34% to close at 25,413.95. Market Capitalization gained N9.26 billion to close at N13.21 trillion while the Year-to-Date (YtD) returns settled at -5.64%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as one sector closed in the red zone. Banking, Consumer Goods and Insurance indices advanced by 1.07%, 0.88% and 0.65% respectively, on the back of buy interest recorded in the shares of UBA (4.40%) and Access (3.23%); NB (5.41%); Cornerst (7.14%) and Aiico (5.56%). Conversely, Industrial index declined by 0.12% on the back of selloffs recorded in the shares of Dangcem (-0.67%). However, Oil and Gas index closed flat.

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 24 basis points to close at 709.45. Consequently, Market Capitalization also decreased by 0.24% to close at N521.14 billion. Market activity measured by aggregate volume increased by 558.11% while value advanced by 159.95%. Investors traded a total of 49,753 units of shares valued at N2.38 million in 7 deals. Three securities traded on the NASD platform today and they are: WAMCO Plc, Afriland Properties Plc and CSCS Plc.

Please find attached our Daily Financial Market update for today, September 01, 2020.

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Dear Client/Reader,

Equity Market Closes Positive…ASI Gains Marginally by 7 Basis Points

The Nigerian Stock Exchange (NSE) saw mixed sentiment with the bulls marginally edging the bears today. The benchmark All Share Index (ASI) appreciated by 0.07% to close at 25,327.13. Market Capitalization gained N9.26 billion to close at N13.21 trillion while the Year-to-Date (YtD) returns settled at -5.64%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Banking, Insurance and Consumer Goods indices declined by 0.74%, 0.61% and 0.01% respectively, on the back of selloffs recorded in the shares of Access (-3.13%) and UBA (-1.57%); Mbenefit (-4.76%) and NEM (-3.72%); NB (-2.78%). Conversely, Oil and Gas and Industrial indices advanced by 1.99% and 0.55% respectively, on the back of buy interest recorded in the shares of Mobil (10.00%); Wapco (3.46%) and Buacement (0.25%).

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities settled at 711.15. Consequently, Market Capitalization remained unchanged as it closed at N522.39 billion. Market activity measured by aggregate volume decreased by 45.28% while value advanced by 41.74%. Investors traded a total of 7,560 units of shares valued at N916,689.20 in 7 deals. Three securities traded on the NASD platform today and they are: WAMCO Plc, NDEP Plc and CSCS Plc.

Please find attached our Daily Financial Market update for today, August 31, 2020.

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Click here for the daily financial market report.