Daily Financial Market Report

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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.

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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.

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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.

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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.

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Dear Client/Reader,

Equity Market Closes Negative…ASI Dips By 15 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears resurfaced in the market today. The benchmark All Share Index (ASI) waned by 0.15% to close at 25,199.84. Market Capitalization shed N19.37 billion to close at N13.15 trillion while the Year-to-Date (YtD) returns settled at -6.12%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as one sector closed in the green zone. Consumer Goods, Insurance and Banking indices declined by 0.68%, 0.55% and 0.19% respectively, on the back of selloffs recorded in the shares of Intbrew (-8.06%) and Cadbury (-3.87%); Aiico (-4.17%) and Wapic (-2.94%); Access (-1.54%) and Zenith (-0.30%). Conversely, Industrial index advanced by 0.24%, on the back of buy interest recorded in the share of Buacement (0.78%). However, Oil and Gas index closed flat.

NASD Market

The stock market closed positive this week. The nation’s bourse had bullish performance as it closed positive in two of the five trading sessions. The market recorded losses on the first, second and last trading days of the week (-0.06%, 0.58% and -0.15% respectively) and recorded gains on the third and fourth trading days of the week (1.04% and 0.38% respectively), due to buy interest in large and mid-cap stocks across Banking, Consumer Goods and Oil and Gas sectors. Overall, ASI advanced by 0.63% week-on-week, while the year-to-date returns settled at -6.12%.

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

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Dear Client/Reader,

Bulls Maintain Dominance on Local Bourse…ASI Posts 0.38% Gain

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.38% to close at 25,236.97. Market Capitalization gained N49.88 billion to close at N13.17 trillion while the Year-to-Date (YtD) returns settled at -5.98%.

Sectors performance significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Insurance and Consumer Goods indices advanced by 2.16% and 1.46% respectively, on the back of gains recorded in the shares of Mansard (9.66%) and Chiplc 8.82%); NB (5.88%) and Flourmill (2.32%). Similarly, Oil and Gas and Banking indices increased by 0.31% and 0.03% respectively, each, on the back of buy interest recorded in the shares of Oando (3.336%); Fidelitybk (3.28%) and Access (1.56%). Conversely, Industrial index declined by 0.12% on the back of losses recorded in the shares of Wapco (-0.42%) and Buacement (-0.26%).

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities Index (USI) settled at 713.39. Consequently, Market Capitalization remained unchanged as it closed at N524.04 billion. Market activity measured by aggregate volume increased by 418.65% while value advanced by 100.15%. Investors traded a total of 514,675 units of shares valued at N18.62 million in 6 deals. Two securities traded on the NASD platform today and they are: CSCS Plc and VFD Group Plc.

Please find attached our Daily Financial Market update for today, August 13, 2020.

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Dear Client/Reader,

Equity Halts Downtrend of Two Consecutive Days…ASI Posts 1.04% Gain

The Nigerian Stock Exchange (NSE) rebounds as the bulls resurfaced in the market today. The benchmark All Share Index (ASI) appreciated by 1.04% to close at 25,141.48. Market Capitalization gained N134.47 billion to close at N13.12 trillion while the Year-to-Date (YtD) returns settled at -6.34%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Oil and Gas, Insurance and Consumer Goods indices advanced by 5.24%, 0.64% and 0.19% respectively, on the back of buy interest recorded in the shares of Seplat (10.00%) and Total (1.14%); Prestige (8.89%) and Aiico (6.67%); Cadbury (9.93%) and Guinness (6.21%). Conversely, Banking and Industrial indices declined by 0.36% and 0.26% respectively, on the back of selloffs recorded in the shares of Access (-2.29%) and Zenithbank (-0.59%); Buacement (-0.64%) and Wapco (-0.42%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 34 basis points to close at 713.39. Consequently, Market Capitalization also increased by 0.34% to close at N524.04 billion. Market activity measured by aggregate volume increased by 65.60% while value declined by 33.54%. Investors traded a total of 88,485 units of shares valued at N9.30 million in 6 deals. Three securities traded on the NASD platform today and they are: CSCS Plc, NDEP Plc and Mixta Real Estate Plc.

Please find attached our Daily Financial Market update for today, August 12, 2020.

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Dear Client/Reader,

Bears Sustain Hold on Local Bourse…ASI Loses 58 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears sustained dominance in the market today. The benchmark All Share Index (ASI) waned by 0.58% to close at 24,883.70. Market Capitalization shed N75.07 billion to close at N12.98 trillion while the Year-to-Date (YtD) returns settled at -7.30%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Consumer Goods, Banking and Oil and Gas indices advanced by 0.93%, 0.52% and 0.26% respectively, on the back of buy interest recorded in the shares of Cadbury (6.82%) and NB (6.25%); UBA (0.78%) and Zenithbank (0.30%); Ardova (4.94%). Conversely, Insurance and Industrial indices declined by 2.48% and 2.16% respectively, on the back of selloffs recorded in the shares of Prestige (-10.00%) and Chiplc (-9.76%); Dangcem (-4.09%) and Wapco (-0.42%).

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 711.00. Consequently, Market Capitalization also increased by 0.70% to close at N522.28 billion. Market activity measured by aggregate volume decreased by 63.53% while value advanced by 186.12%. Investors traded a total of 53,432 units of shares valued at N13.99 million in 5 deals. Three securities traded on the NASD platform today and they are: NDEP Plc, WAMCO Plc and Mixta Real Estate Plc.

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

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Dear Client/Reader,

Bears Claw Back on Local Bourse…ASI Dips Marginally by 6 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears resurfaced in the market today. The benchmark All Share Index (ASI) waned by 0.06% to close at 25,027.61. Market Capitalization shed N7.45 billion to close at N13.06 trillion while the Year-to-Date (YtD) returns settled at -6.76%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Insurance, Consumer Goods and Oil and Gas indices advanced by 0.96%, 0.33% and 0.08% respectively, on the back of buy interest recorded in the shares of Cornerst (9.09%) and Sunuassur (5.00%); Guinness (6.38%); Oando (0.85%). Conversely, Industrial and Banking indices declined by 0.41% and 0.04% respectively, on the back of selloffs recorded in the shares of Buacement (-1.39%); UBA (-1.53%) and Zenithbank (-0.59%).

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities Index (USI) settled at 706.07. Consequently, Market Capitalization remained unchanged as it closed at N518.65 billion. Market activity measured by aggregate volume increased by 16.09% while value advanced by 100.19%. Investors traded a total of 146,490 units of shares valued at N4.89 million in 16 deals. Five securities traded on the NASD platform today and they include: Firsttrust Mortgage Bank Plc, CSCS Plc, NDEP Plc, WAMCO Plc and Afriland Properties.

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

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Dear Client/Reader,

Equity Market Closes Week Positive…ASI Gains 45 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 0.45% to close at 25,041.89. Market Capitalization gained N58.19 billion to close at N13.06 trillion while the Year-to-Date (YtD) returns settled at -6.71%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Banking and Consumer Goods indices advanced by 2.38% and 0.42% respectively, on the back of gains recorded in the shares of Guaranty (2.53%) and Access (2.36%); Guinness (4.44%) and Dangsugar (3.48%). Similarly, Oil and Gas and Industrial indices increased by 0.08% and 0.02% respectively, on the back of buy interest recorded in the shares of Oando (0.86%); Wapco (0.43%). Conversely, Insurance index declined by 0.53% on the back of losses recorded in the shares of Chiplc (-8.89%) and Aiico (-3.23%).

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 (0.29%, 0.31%, 0.16%, 0.19% and 0.45% respectively), due to buy interest in large and mid-cap stocks across Banking, Oil and Gas and Consumer Goods sectors. Overall, ASI advanced by 1.41% week-on-week, while the year-to-date returns settled at -6.71%.

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

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