Daily Financial Market Report

Dear Client/Reader,

Equity Market Closes Flat…ASI Gains Marginally by 2 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 0.02% to close at 25,309.37. Market Capitalization gained N3.75 billion to close at N13.20 trillion while the Year-to-Date (YtD) returns settled at -5.71%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as one sector closed in the red zone. Insurance, Banking and Industrial indices advanced by 0.62%, 0.37% and 0.01% respectively, on the back of buy interest recorded in the shares of Wapic (6.06%) and Prestige (1.96%); Access (2.40%) and Guaranty (0.79%). Conversely, Consumer Goods index declined by 0.20% on the back of selloffs recorded in the shares of Guinness (-9.29%). However, Oil and Gas index closed flat.

Market synopsis for the week

The stock market closed positive this week. The nation’s bourse had bullish performance as it closed positive in four of the five trading sessions. The market recorded losses on the fourth trading day of the week (-0.10%) and recorded gains on the first, second, third and last trading days of the week (0.03% 0.25%, 0.15% and 0.02% respectively), due to buy interest in large and mid-cap stocks across Insurance, Banking and Industrial sectors. Overall, ASI advanced by 0.35% week-on-week, while the year-to-date returns settled at -5.71%.

Please find attached our Daily Financial Market update for today, August 28, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Bears Regain Dominance on Local Bourse…ASI Loses 10 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 0.10% to close at 25,304.25. Market Capitalization shed N13.48 billion to close at N13.20 trillion while the Year-to-Date (YtD) returns settled at -5.73%.

Sectors performance mixed

Performance across sectors was mixed as two sectors closed in the red and green zones. Industrial and Banking indices declined by 0.37% and 0.33% respectively, on the back of selloffs recorded in the shares of Wapco (-1.28%) and Dangcem (-0.59%); Access (-2.34%) and UBA (-0.78%). Conversely, Insurance and Consumer Goods indices advanced by 0.64% and 0.52% respectively, on the back of buy interest recorded in the shares of Mansard (6.36%); NB (-2.78%) and Guinness (-0.65%). However, Oil and Gas Index closed flat.

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities settled at 711.96. Consequently, Market Capitalization remained unchanged as it closed at N522.99 billion. Market activity measured by aggregate volume increased by 740% while value advanced by 1,062%. Investors traded a total of 21,000 units of shares valued at N407,000 in 2 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, August 27, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Bulls Dominate Local Bourse…ASI Gains 15 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 0.15% to close at 25,330.10. Market Capitalization gained N20.02 billion to close at N13.22 trillion while the Year-to-Date (YtD) returns settled at -5.63%.

Sectors performance mixed

Performance across sectors was mixed as two sectors closed in the red and green zones. Insurance and Banking indices declined by 0.92% and 0.03% respectively, on the back of selloffs recorded in the shares of Cornerst (-9.68%) and Custodian (-2.04%); UBA (-1.53%). Conversely, Consumer Goods and Industrial indices advanced by 0.16% and 0.02% respectively, on the back of buy interest recorded in the shares of Guinness (1.31%) and Flourmill (0.53%); Vitafoam (-5.63%). However, Oil and Gas Index closed flat.

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities settled at 711.96. Consequently, Market Capitalization remained unchanged as it closed at N522.99 billion. Market activity measured by aggregate volume decreased by 98.78% while value declined by 98.99%. Investors traded a total of 2,500 units of shares valued at N35,000.00 in 1 deal. One security traded on the NASD platform today and it was: CSCS Plc.

Please find attached our Daily Financial Market update for today, August 26, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Bulls Dominate Local Bourse…ASI Gains 25 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 0.25% to close at 25,291.73. Market Capitalization gained N32.67 billion to close at N13.20 trillion while the Year-to-Date (YtD) returns settled at -5.78%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Banking, Consumer Goods and Oil and Gas indices declined by 0.22%, 0.07% and 0.04% respectively, on the back of selloffs recorded in the shares of Access (-1.54%) and Guaranty (-0.79%); Intbrew (-1.33%) and Guinness (-0.65%). Conversely, Insurance and Industrial indices advanced by 1.62 % and 1.10% respectively, on the back of buy interest recorded in the shares of NEM (9.63%) and Wapic (6.25%); Buacement (2.83%) and Wapco (1.74%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 11 basis points to close at 711.96. Consequently, Market Capitalization also increased by 0.11% to close at N522.99 billion. Market activity measured by aggregate volume increased by 2,274.39% while value advanced by 330.69%. Investors traded a total of 204,957 units of shares valued at N3.46 in 11 deals. Three securities traded on the NASD platform today and they are: WAMCO Plc, CSCS Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, August 25, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Bulls Edge Bears on Local Bourse…ASI Gains Marginally by 3 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 0.03% to close at 25,229.12. Market Capitalization gained N3.78 billion to close at N13.16 trillion while the Year-to-Date (YtD) returns settled at -6.01%.

Sectors performance mixed

Performance across sectors was mixed as two sectors closed in the red and green zones. Industrial and Banking indices declined by 0.10% and 0.01% respectively, on the back of selloffs recorded in the shares of Wapco (-1.71%); Fidelitybk (-1.67%) and UBA (-1.52%). Conversely, Insurance and Consumer Goods indices advanced by 0.82% and 0.70% respectively, on the back of buy interest recorded in the shares of Regalins (9.09%) and Cornerst (8.62%); Intbrew (-4.17%) and Guinness (-1.32%). However, Oil and Gas Index closed flat.

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 28 basis points to close at 711.15. Consequently, Market Capitalization also increased by 0.28% to close at N522.39 billion. Market activity measured by aggregate volume decreased by 98.83% while value declined by 94.74%. Investors traded a total of 8,632 units of shares valued at N803,598.68 in 5 deals. Three securities traded on the NASD platform today and they are: WAMCO Plc, CSCS Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, August 24, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Equity Market Closes Week Bullish…ASI Gains 7 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 0.07% to close at 25,221.87. Market Capitalization gained N9.01 billion to close at N13.16 trillion while the Year-to-Date (YtD) returns settled at -6.04%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as one sector closed in the red zone. Consumer Goods, Oil and Gas and Insurance indices advanced by 1.06%, 0.43% and 0.39% respectively, on the back of buy interest recorded in the shares of Intbrew (9.08%) and NB (2.86%); Oando (4.91%); Lasaco (10.00%) and Custodian (1.01%). Conversely, Banking index declined by 0.46% on the back of selloffs recorded in the shares of UBA (-0.75%) and Guaranty (-0.59%). However, Industrial index closed flat.

Market synopsis for the week

The stock market closed positive this week. The nation’s bourse had bullish performance as it closed positive in four of the five trading sessions. The market recorded losses on the first trading day of the week (-0.27%) and recorded gains on the second, third, fourth and last trading days of the week (0.02% 0.14%, 0.13% and 0.07% respectively), due to buy interest in large and mid-cap stocks across Consumer Goods, Oil and Gas and Insurance sectors. Overall, ASI advanced by 0.09% week-on-week, while the year-to-date returns settled at -6.04%.

Please find attached our Daily Financial Market update for today, August 21, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Equity Market Closes Positive…ASI Gains 13 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 0.13% to close at 25,204.60. Market Capitalization gained N18.06 billion to close at N13.15 trillion while the Year-to-Date (YtD) returns settled at -6.10%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as one sector closed in the red zone. Consumer Goods, Banking and Industrial indices advanced by 0.52%, 0.18% and 0.03% respectively, on the back of buy interest recorded in the shares of Intbrew (10.00%) and Honyflour (2.17%); Access (1.56%) and Guaranty (0.20%); CAP (5.56%). Conversely, Insurance index declined by 0.23% on the back of selloffs recorded in the shares of Regalins (-4.35%) and Aiico (-3.23%). 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 4 basis points to close at 709.17. Consequently, Market Capitalization also decreased by 0.04% to close at N520.93 billion. Market activity measured by aggregate volume decreased by 82.35% while value declined by 64.16%. Investors traded a total of 134,382 units of shares valued at N21.88 million in 18 deals. Five securities traded on the NASD platform today and they are: NDEP Plc, WAMCO Plc, Afriland Properties Plc, Air Liquide Plc and CSCS Plc.

Please find attached our Daily Financial Market update for today, August 20, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Bulls Gain Momentum on Local Bourse…ASI Gains 14 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 0.14% to close at 25,171.32. Market Capitalization gained N18.20 billion to close at N13.13 trillion while the Year-to-Date (YtD) returns settled at -6.22%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Banking, Consumer Goods and Insurance indices advanced by 0.81%, 0.41% and 0.19% respectively, on the back of buy interest recorded in the shares of Guaranty (1.20%) and Zenithbank (0.90%); Intbrew (7.14%); Mbenefit (5.00%) and Aiico (2.20%). Conversely, Industrial index declined by 0.04% on the back of selloffs recorded in the shares of CAP (-10.00%). 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 15 basis points to close at 709.43. Consequently, Market Capitalization also decreased by 0.15% to close at N521.12 billion. Market activity measured by aggregate volume increased by 42.45% while value declined by 14.51%. Investors traded a total of 761,395 units of shares valued at N61.04 million in 8 deals. Three securities traded on the NASD platform today and they are: WAMCO Plc, CSCS Plc and UBN Properties Plc.

Please find attached our Daily Financial Market update for today, August 19, 2020.

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Equity Market Closes Flat…ASI Inches Up Marginally by 2 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 0.02% to close at 25,136.49. Market Capitalization gained N3.75 billion to close at N13.11 trillion while the Year-to-Date (YtD) returns settled at -6.35%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Oil and Gas, Consumer Goods and Industrial indices declined by 1.83%, 0.12% and 0.02% respectively, on the back of selloffs recorded in the shares of Conoil (-9.76%) and Ardova (-9.68%); NB (-2.78%); Wapco (-0.43%). Conversely, Insurance and Banking indices advanced by 0.89% and 0.52% respectively, on the back of buy interest recorded in the shares of Cornerst (9.43%) and Lasaco (7.14%); UBA (2.31%) and Access (0.79%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 111 basis points to close at 710.49. Consequently, Market Capitalization also decreased by 1.11% to close at N521.90 billion. Market activity measured by aggregate volume increased by 1,982.20% while value advanced by 894.51%. Investors traded a total of 534,500 units of shares valued at N71.41 million in 3 deals. Two securities traded on the NASD platform today and they are: WAMCO Plc and NDEP Plc.

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

Thank you.

Click here for the daily financial market report.

Dear Client/Reader,

Equity Market Resumes New Week Bearish…ASI Dips By 27 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears dominate proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.27% to close at 25,132.67. Market Capitalization shed N29.30 billion to close at N13.12 trillion while the Year-to-Date (YtD) returns settled at -6.33%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Insurance, Oil and Gas and Consumer Goods indices advanced by 2.89%, 0.49% and 0.23% respectively, on the back of buy interest recorded in the shares of Mansard (9.43%) and Cornerst (8.16%); Ardova (9.41%); Cadbury (4.70%) and Dangsugar (3.36%). Conversely, Industrial and Banking indices declined by 0.38% and 0.24% respectively, on the back of selloffs recorded in the shares of Dangcem (-0.74%); Access (-0.78%) and Guaranty (-0.20%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 70 basis points to close at 718.43. Consequently, Market Capitalization also increased by 0.70% to close at N527.73 billion. Market activity measured by aggregate volume increased by 144.48% while value advanced by 438.22%. Investors traded a total of 25,670 units of shares valued at N7.18 million in 7 deals. Three securities traded on the NASD platform today and they are: NDEP Plc, WAMCO Plc and CSCS Plc.

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

Thank you.

Click here for the daily financial market report.