Daily Financial Market Report

Dear Client/Reader,

Nigerian Bourse Breaks Seven Consecutive Gains; ASI drops by 88 Bps

The Nigerian Equities Market (NSE) halted its seven consecutive gains on the back of profit taking actions by investors. The bench mark- All Share Index (ASI) decreased by 0.88% to close at 30,732.72 points. Market Capitalization lost N101.60 billion to close at N11.46 trillion while the Year-to-Date (YtD) returns stood at -2.22%.   

Sectors performance was mixed

Performance across sectors was mixed following two sectoral gains and losses apiece. The Insurance and Industrial sectors recorded gains as they appreciated by 1.51% and 0.97% respectively due to positive sentiments in the shares of NEM (4.84%) and Linkassure (8.93%); CCNN (7.17%). Conversely, Oil & Gas and banking sectors declined by 4.55% and 0.14% respectively due to losses in Seplat (-7.99%) and 11 Plc (-4.26%); Diamond (-0.95%) and Guaranty (-0.78%). The Consumer goods sector however closed flat.

Market activity measured by aggregate volume increased by 66% while value increased by 47%. Investors traded a total of 499 million units of shares valued at ₦5.53 billion in 3,874 deals. 

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) declined by 0.54% to close at 750.30 points. Market Capitalization also decreased by 54 basis points to settle at N539.04 billion. Market activity measured by aggregate volume decreased by 41.78% while value increased by 285.53%. Investors traded a total of 7.08 million units of shares valued at N103.68 million in 15 deals. Six securities traded on the NASD platform today and they include CSCS Plc, Wamco, Afriland, Cappa D’alberto, UBN Properties etc.

Please find attached our daily market report for today, January 21, 2019.

Dear Client/Reader,

Nigerian Bourse Halts Downtrend…as ASI Improves By 62 Bps.

The Nigerian equities market (NSE) rebounded to close trading activities in green as market players hunted for bargain. The bench mark – All Share Index (ASI) advanced by 0.62% to close at 29,517.73 points. Market Capitalization gained N67.5 billion to close at N11.01 trillion while the Year-to-Date (YtD) returns settled at -6.09%.   

Sectors performance was broadly bearish

Performance across sectors was broadly bullish save for the Consumer goods and Insurance indices which depreciated by 1.75% and 2.05% as a result of losses in Nestle (-3.37%) and Guinness (-10.00%); NEM (-9.95%) and Mbenefit (-4.76%). Conversely, the Industrial and Banking indices recorded the largest gains as they advanced by 2.24% and 2.74% respectively arising from positive sentiments in CCNN (4.85%) and Dangcem (0.88%); Guaranty (6.07%) and Zenith (2.86%). Similarly, the oil & gas index inched up by 0.13% due to gains in Forte oil (6.07%).

Market activity measured by aggregate volume improved by 64.03% while value also increased by 36.61%. Investors traded a total of 385 million units of shares valued at ₦3.1 billion in 3,677 deals. 

NASD Market

The NASD market closed bearish after today’s trading activities as negative sentiments remained in the OTC market. The Unlisted Securities Index (USI) depreciated by 0.55% to close at 731.89 points. Market capitalization also declined by 55 basis points to settle at N525.82 billion. Market activity measured by aggregate volume advanced by 927% while value went up by 397%. Investors traded a total of 9.35 million units of shares valued at N112.7 million in 5 deals. CSCS Plc and Wamco Plc were the only traded stocks in the OTC market.

Please find attached our daily market report for today, January 10, 2019.

Dear Client/Reader,

Nigerian Bourse Continues Downtrend…as ASI Went Down By 95 Bps.

The Nigerian Equities Market (NSE) remained in the negative territory as investors maintained bearish sentiments on some bellwethers. The bench mark – All Share Index (ASI) declined by 0.95% to close at 30,771.32 points. Investors lost N111 billion to close Market Capitalization at N11.47 trillion while the Year-to-Date (YtD) returns settled at -2.10%.   

Sectors performance was significantly bearish

Performance across sectors was significantly bearish except for the Oil & gas index which appreciated by 0.64% due to gain recorded in Forte oil (9.64%). Conversely, the Industrial and Banking sectors recorded the largest losses as they declined by 2.83% and 2.15% respectively due to losses in CCNN (-4.90%) and Wapco (-4.17%); Guaranty (-4.49%) and Stanbic (-4.07%). Similarly, the Insurance and Consumer goods indices also declined by 0.12% and 0.02% respectively arising from sell offs in Sovereign insurance (-1.95%); Flourmill (-1.58%) and Dangsugar (-1.69%). 

Market activity measured by aggregate volume decreased by 21% while value declined by 28%. Investors traded a total of 169 million units of shares valued at ₦1.13 billion in 3,683 deals. 

NASD Market

The NASD market rebounded after today’s trading activities to close bullish as the Unlisted Securities Index (USI) went up by 1.26% to close at 749.47 points. Market capitalization also advanced by 126 basis points to settle at N520.90 billion. Market activity measured by aggregate volume increased by 229% while value spiked by 1,126%. Investors traded a total of 113,009 unit of shares valued at N3.46 million in 4 deals. CSCS Plc and Wamco Plc were the only securities that traded on the NASD platform today.

Please find attached our daily market report for today, January 03, 2019.

Dear Client/Reader,

Equities Market Begins 2019 On A Negative Note… as ASI Dips 1.15%

The Nigerian Equities Market (NSE) resumed the Year on a downward note as investors wiped most of the gains recorded on the New Year eve. The bench mark – All Share Index (ASI) declined by 1.15% to close at 31,070.06 points. Investors lost N134 billion to close Market Capitalization at N11.59 trillion while the Year-to-Date (YtD) returns began at -1.15%.   

Sectors performance was significantly bearish

Performance across sectors was significantly bearish except for the Banking index which appreciated by 0.08% due to gains recorded in Guaranty (0.15%) and UBA (1.30%). On the other hand, the Consumer goods and Insurance sectors recorded the largest losses as they depreciated by 2.30% and 1.31% respectively due to losses in NB (-8.42%) and Flourmill (-3.90%); NEM (-3.70%) and Wapic (-4.76%). Similarly, the Industrial and Oil & gas indices also declined by 1.20% and 0.66% arising from sell offs in Dangcem (-1.95%) and Wapco (-3.61%); Forte oil (-2.44%) and Oando (-4.00%). 

Market activity measured by aggregate volume decreased by 77% while value declined by 60%. Investors traded a total of 214 million units of shares valued at ₦1.56 billion in 2,856 deals. 

NASD Market

The NASD market started the year on a bearish note as the Unlisted Securities Index (USI) went down by 0.07% to close at 740.16 points. Market capitalization also declined by 7 basis points to settle at N514.43 billion. Market activity measured by aggregate volume decreased by 91% while value went down by 99%. Investors traded a total of 34,383 unit of shares valued at N281,847.75 in 3 deals.

Please find attached our daily market report for today, January 02, 2019.

Dear Client/Reader,

Nigerian Bourse Gains 1.27% To End The Year In Green

The Nigerian Equities Market (NSE) ended trading activities for the year in green as positive sentiments on market bellwethers dictated the direction of the market. The bench mark – All Share Index (ASI) advanced by 1.27% to close at 31,430.50 points. Market Capitalization gained N384 billion to close at N11.72 trillion while the Year-to-Date (YtD) returns closed at -17.81%.   

Sectors performance was significantly bullish

Performance across sectors was significantly bullish as all sectors closed in green. The Oil & gas and Consumer goods indices recorded the largest gains as they advanced by 3.73% and 1.42% respectively arising from positive sentiments in Total (3.57%) and Oando (2.04%); NB (4.27%) and Flourmill (5.24%). Similarly, the Industrial, Insurance and Banking indices advanced by 0.62%, 0.41% and 0.30% respectively due to gains in Dangcem (1.09%); NEM (5.47%) and Wapic (2.44%); Guaranty (0.44%) and Diamond (9.55%). 

Market activity measured by aggregate volume declined by 53% while value reduced by 40%. Investors traded a total of 929 million units of shares valued at ₦3.95 billion in 4,144 deals. 

NASD Market

The NASD market also closed the year bullish after today’s trading activities as positive sentiments prevailed in the OTC market. The Unlisted Securities Index (USI) appreciated by 1.00% to close at 740.66 points. Market capitalization also gained 100 basis points to settle at N514.77 billion. Market activity measured by aggregate volume declined by 99% while value increased by 206%. Investors traded a total of 404,178 units of shares valued at N124.2 million in 3 deals.

Please find attached our daily market report for today, December 31, 2018.

Dear Client/Reader,

Equities Market Pares Previous Day Gains… as ASI Sheds 35 Bps.

The Nigerian Equities Market (NSE) returned to losing position as negative sentiments prevailed in market bellwethers. The bench mark – All Share Index (ASI) declined by 0.35% to close at 30,704.98 points. Investors lost N40 billion to close Market Capitalization at N11.22 trillion while the Year-to-Date (YtD) returns weakened to-19.71%.   

Sectors performance was significantly bearish

Performance across sectors was significantly bearish except for the Consumer goods and Insurance indices which appreciated by 1.18% and 0.23% respectively due to gains recorded in NB (2.35%) and Nestle (1.38%); Lasaco (6.90%) and Wapic (2.50%). On the other hand, the Oil & gas and Industrial indices recorded the largest losses as they depreciated by 2.99% and 1.14% respectively due to losses in Seplat (-6.53%) and Total (-1.52%); Dangcem (-1.59%) and Wapco (-0.84%). Similarly, the Banking index also declined by 0.21% arising from sell offs in Guaranty (-1.14%) and Zenith (-1.31%).

Market activity measured by aggregate volume decreased by 37% while value declined by 23%.Investors traded a total of 215 million units of shares valued at ₦1.73 billion in 2,975 deals. 

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) went down by 0.73% to close at 709.47 points.Market capitalization also declined by 73 basis points to settle at N493.10 billion. Market activity measured by aggregate volume increased by 35% while value also advanced by 41%. Investors traded a total of 50.3 million unit of shares valued at N640 million in 17 deals. 8 securities traded on the OTC platform today.

Please find attached our daily market report for today, December 19, 2018.

Dear Client/Reader,

Bargain Hunting Activities Lift NSEASI By 0.70% Amid Strong Breadth

The Nigerian equities market (NSE) rebounded to close trading activities in green as market players hunted for bargain. The bench mark – All Share Index (ASI) advanced by 70 basis points to close at 30,822.33 points. Market Capitalization gained N75 billion to close at N11.26 trillion while the Year-to-Date (YtD) returns settled at -19.40%.   

Sectors performance was broadly bullish

Performance across sectors was broadly bullish save for the Consumer goods and Insurance indices which depreciated by 0.91% and 0.07% as a result of losses in NB (-3.40%) and Guinness (-1.37%); Continsure (-1.12%) and Mbenefit (-4.76%). Conversely, the Industrial and Oil & gas indices recorded the largest gains as they advanced by 1.63% and 1.50% respectively arising from positive sentiments in CCNN (9.91%) and Dangcem (2.16%); 11 Plc (8.56%) and Forte oil (9.91%). Similarly, gains in Guaranty (2.79%) and Diamondbk (9.62%) advanced the Banking (0.05%) sector.

Market activity measured by aggregate volume improved by 47% while value also spiked significantly by 194%. Investors traded a total of 316 million units of shares valued at ₦5.1 billion in 3,445 deals. 

NASD Market

The NASD market closed bullish after today’s trading activities as positive sentiments resume in the OTC market. The Unlisted Securities Index (USI) appreciated by 1.39% to close at 714.70 points. Market capitalization also gained 1.13% to settle at N496.73 billion. Market activity measured by aggregate volume advanced by 13,774% while value also spiked by 781%. Investors traded a total of 37.2 million units of shares valued at N453 million in 14 deals.

Please find attached our daily market report for today, December 18, 2018.

Dear Client/Reader,

Nigerian Bourse Pares Previous Day Loss; ASI Inches Up By 0.34%

The Nigerian equities market (NSE) closed positive after today’s trading activities to pare previous loss. The bench mark – All Share Index (ASI) appreciated by 34 basis points to close at 30,718.72 points. Market Capitalization also improved by N43.8 billion to close at N11.22 trillion while the Year-to-Date (YtD) returns settled at -19.68%.   

Sectors performance was broadly bullish

Performance across sectors was broadly bullish as the Industrial and Consumer goods indices appreciated most by 0.66% and 0.58% respectively due to gains in Dangcem (0.71%) and Wapco (1.63%); Flourmill (5.00%) and NB (0.64%). In the same vein, the Oil & gas sector also inched up by 0.10% due to gain in Forte oil (4.44%). On the other hand, the Banking and Insurance indices recorded losses as they declined by 0.09% and 0.35% respectively arising from sell offs in Guaranty (-1.01%) and Diamond (-7.77%); NEM (-4.26%) and Aiico (-2.99%).

Market activity measured by aggregate volume improved by 31% while value also advanced by 104%. Investors traded a total of 215 million units of shares valued at ₦3.4 billion in 2,933 deals. 

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) appreciated by 2.88% to close at 724.18 points. Market capitalization also advanced by 2.88% to settle at N503.32 billion. Market activity measured by aggregate volume increased by 695% while value advanced by 831%. Investors traded a total of 22,553 unit of shares valued at N4.28 million in 9 deals. Five securities traded on NASD platform which includes CSCS Plc, Wamco Plc, Mixta Real Estate, Niger Delta Exploration and Trustbond mortgage bank. 

Please find attached our daily market report for today, December 11, 2018.

Dear Client/Reader,

Nigerian Stock Market Opens The Week Bearish; ASI Down By 0.82%

The Nigerian equities market (NSE) opened the week on a negative note to continue downtrend. The bench mark – All Share Index (ASI) declined by 0.82% and close at 30,614.73 points. Market Capitalization shed N92 billion to close at N11.18 trillion while the Year-to-Date (YtD) returns weakened to -19.95%.   

Sectors performance was significantly bearish

Performance across sectors was significantly bearish as all sectors closed in red. The Consumer goods and Oil & gas indices recorded the largest losses as they depreciated by 2.32% and 1.19% respectively due to losses in Nestle (-4.13%) and NB (-2.50%); 11 Plc (-8.47%) and Oando (-2.91%). In the same vein, the Insurance, Banking and Industrial indices also declined by 0.74%, 0.39% and 0.25% respectively arising from sell offs in Aiico (-4.29%) and Prestige (-4.08%) Zenith (-2.12%) and Guaranty (-0.43%); Wapco (-1.60%).

Market activity measured by aggregate volume declined by 8% while value advanced by 7%. Investors traded a total of 165 million units of shares valued at ₦1.67 billion in 3,193 deals. 

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities Index (USI) remained unchanged at 703.90 points. Market capitalization also remained at N489.22 billion. Market activity measured by aggregate volume declined by 99% while value decreased by 87%. Investors traded a total of 2,836 unit of shares valued at N460,240 in 3 deals. Wamco Plc is the only security that traded today. 

Please find attached our daily market report for today, December 10, 2018.

Dear Client/Reader,

NSE Loses Marginally Week-on-Week Despite Closing Positive Today

The Nigerian equities market (NSE) rebounded to close the week in green as positive sentiments prevailed. The bench mark – All Share Index (ASI) appreciated by 0.15% to close at 30,866.82 points. Market Capitalization also improved by N17.4 billion to close at N11.27 trillion while the Year-to-Date (YtD) returns settled at -19.29%.   

Sectors performance was mixed

Performance across sectors was mixed as the Consumer goods and Insurance indices appreciated by 1.95% and 0.02% respectively due to gains in Dangsugar (2.70%) and Nestle (4.66%); Lasaco (7.41%). Conversely, the Banking and Industrial indices recorded losses as they declined by 0.47% and 0.35% respectively arising from sell offs in Guaranty (-0.29%) and UBA (-3.85%); Dangcem (-0.54%). The Oil & gas sector however closed flat.

Market activity measured by aggregate volume declined by 36% while value also decreased by 38%. Investors traded a total of 179 million units of shares valued at ₦1.56 billion in 2,631 deals. 

Market Synopsis for the week

Nigeria’s stock market recorded its fourth consecutive weekly loss though on a slight margin as negative sentiments controlled market activities. The nation’s bourse had a broadly bullish performance as it closed positive in three of the five trading sessions. However, losses recorded on the first and fourth trading day (-0.24% and -1.07% respectively) on the back of profit taking in some high cap stocks in the Industrial and banking sectors marginally outweighed the gains recorded in other trading days. Overall, the All Share Index (ASI) depreciated by 0.02% week-on-week, while the year-to-date returns dipped slightly to -19.29%.   

Please find attached our daily market report for today, December 07, 2018.