Daily Financial Market Report

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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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Dear Client/Reader,

Bulls Sustain Dominance on Local Bourse…ASI Gains 19 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 0.19% to close at 24,930.34. Market Capitalization gained N25.20 billion to close at N13.01 trillion while the Year-to-Date (YtD) returns settled at -7.12%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Oil and Gas, Banking and Consumer Goods indices advanced by 4.36%, 0.14% and 0.09% respectively, on the back of buy interest recorded in the shares of Seplat (9.03%) and Eterna (4.40%); UBA (2.38%) and Zenithbank (1.21%); Nascon (4.17%) and Guinness (3.85%). Conversely, Industrial and Insurance indices declined by 0.67% and 0.02% respectively, on the back of selloffs recorded in the shares of Buacement (-1.74%); Linkassure (-5.00) and NEM (-1.58%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 57 basis points to close at 706.07. Consequently, Market Capitalization also increased by 0.57% to close at N518.65 billion. Market activity measured by aggregate volume decreased by 98.69% while value declined by 83.13%. Investors traded a total of 16,978 units of shares valued at N1.20 million in 6 deals. Two securities traded on the NASD platform today and they include: CSCS Plc and WAMCO Plc.  

Please find attached our Daily Financial Market update for today, August 06, 2020.

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Dear Client/Reader,

Equity Market Sustains Bullish Momentum…ASI Gains 16 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 0.16% to close at 24,882.04. Market Capitalization gained N20.92 billion to close at N12.98 trillion while the Year-to-Date (YtD) returns settled at -7.30%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Oil and Gas and Banking indices advanced by 0.11% and 0.07% respectively, on the back of gains recorded in the shares of Mobil (0.92%); Guaranty (1.94%) and Access (0.79%). Similarly, Consumer Goods and Industrial indices increased by 0.01% each, on the back of buy interest recorded in the shares of PZ (3.66%); Wapco (0.43%). Conversely, Insurance index declined by (0.01%) on the back of losses recorded in the shares of Mbenefit (-4.55%) and Lasaco (-4.00%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 48 basis points to close at 702.08. Consequently, Market Capitalization also decreased by 0.48% to close at N515.72 billion. Market activity measured by aggregate volume increased by 1,082.27% while value advanced by 71.36%. Investors traded a total of 1.30 million units of shares valued at N7.09 million in 9 deals. Five securities traded on the NASD platform today and they include: Firsttrust Mortgage Bank Plc, CSCS Plc, NDEP Plc, UBN Properties and WAMCO Plc.

Please find attached our Daily Financial Market update for today, August 05, 2020.

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Dear Client/Reader,

Bulls Sustains Dominance on Local Bourse…ASI Gains 31 Basis Point

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.31% to close at 24,841.94. Market Capitalization gained N39.55 billion to close at N12.96 trillion while the Year-to-Date (YtD) returns settled at -7.45%.

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Insurance and Banking indices advanced by 2.70% and 1.58% respectively, on the back of gains recorded in the shares of Mansard (9.72%) and Aiico (4.71%); Zenithbank (3.67%) and Guaranty (1.31%). Similarly, Oil and Gas and Consumer Goods indices advanced by 0.23% and 0.07% respectively, on the back of buy interest recorded in the shares of Seplat (3.48%) and Oando (2.17%); Flourmill (4.00%) and NB (3.23%). Conversely, Industrial index declined by (0.03%) on the back of losses recorded in the shares of CAP (-9.94%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 88 basis points to close at 705.48. Consequently, Market Capitalization also increased by 0.88% to close at N518.22 billion. Market activity measured by aggregate volume increased by 92.45% while value declined by 50.98%. Investors traded a total of 109,694 units of shares valued at N4.14 million in 9 deals. Four securities traded on the NASD platform today and they include: Food Concept Plc, CSCS Plc, WAMCO Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, August 04, 2020 here

Dear Client/Reader,

Equities Reverse Previous Day’s Loss…ASI Gains 18 Basis Points

The Nigerian Stock Exchange (NSE) rebounds as the bulls resurfaced in the market today. The benchmark All Share Index (ASI) appreciated by 0.18% to close at 24,693.73. Market Capitalization gained N22.73 billion to close at N12.88 trillion while the Year-to-Date (YtD) returns settled at -8.00%.

Sectors performance significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Oil and Gas and Insurance indices advanced by 4.58% and 1.40% respectively, on the back of buy interest recorded in the shares of Seplat (10.00%) and Oando (1.32%); Cornerst (10.00%) and Prestige (8.70%). Similarly, Industrial and Consumer Goods indices advanced by 0.27% and 0.01% respectively, on the back of bargain hunting recorded in the shares of Buacement (1.03%); Honyflour (4.17%) and Flourmill (0.29%). However, Banking index declined by 0.21%, on the back of selloffs recorded in the shares of Guaranty (-0.44%) and Zenithbank (-0.31%).

Market synopsis for the week

The stock market closed positive this week. The nation’s bourse had bullish performance as it closed positive in two of the three trading sessions. The market recorded losses on the second trading day of the week (-0.54%) and recorded gains on the first and last trading day of the week (1.46% and 0.18% respectively), due to buy interest in large and mid-cap stocks across Industrial, Insurance and Banking sectors. Overall, ASI advanced by 1.09% week-on-week, while the year-to-date returns settled at -8.00%.

Please find attached our Daily Financial Market update for July 29, 2020