Daily Financial Market Report

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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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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