Daily Financial Market Report

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. 

Dear Client/Reader, 

Nigerian Stock Market Wipes Previous Gains; Investors Lose N121 Bn.

The Nigerian equities market (NSE) reversed previous day’s gains as negative sentiments resumed to dominate trading activities. The bench mark – All Share Index (ASI) declined by 1.07% and close at 30,819.10 points. Market Capitalization lost N121 billion to close at N11.25 trillion while the Year-to-Date (YtD) returns weakened to -19.41%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish save for the Oil & gas and Insurance indices which appreciated by 0.52% and 0.25% respectively due to gains in Oando (4.04%); Custodian (3.03%) and Aiico (6.06%). On the flip side, the Industrial and Banking indices recorded the largest losses as they declined by 1.61% and 0.81% respectively arising from sell offs in Dangcem (-10.00%); Zenith (-1.47%) and Guaranty (-0.85%). Similarly, losses in Guinness (-1.02%) and Nestle (-0.34%) contracted the Consumer goods (-0.27%) sector.

Market activity measured by aggregate volume improved by 41% while value also advanced by 8%. Investors traded a total of 281 million units of shares valued at ₦2.49 billion in 3,030 deals.

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) depreciated by 0.72% to close at 708.05 points. Market capitalization also lost 72 basis points to settle at N492.11 billion. Market activity measured by aggregate volume declined by 99% while value decreased by 96%. Investors traded a total of 122,053 unit of shares valued at N17.46 million in 7 deals.

Please find attached our daily market report for today, December 06, 2018.

Daily Report for 06122018

Dear Client/Reader, 

Positive Sentiment On Dangcem Lifts The ASI By 47 Bps

The Nigerian equities market (NSE) again closed positive as the bulls maintained dominance. The bench mark – All Share Index (ASI) appreciated by 0.47% to close at 31,151.68 points. Market Capitalization also improved by N52.7 billion to close at N11.37 trillion while the Year-to-Date (YtD) returns settled at -18.54%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish except for the Industrial and Insurance indices which appreciated by 0.85% and 0.58% respectively due to gains in Dangcem (2.70%); Linkassure (8.93%) and Lasaco (7.41%). Conversely, the Banking and Oil & gas indices recorded the largest losses as they declined by 1.02% and 0.61% respectively arising from sell offs in Guaranty (-1.81%) and Zenith (-0.62%); Seplat (-2.46%). In the same vein, the Consumer goods sector also closed in red due to losses in Intbrew (-4.23%)  and Honyflour (-3.64%).

Market activity measured by aggregate volume improved faintly by 0.05% while value also increased by 9%. Investors traded a total of 199 million units of shares valued at ₦2.31 billion in 2,845 deals.

NASD Market

The NASD market rebounded to close bullish after today’s trading activities as positive sentiments prevailed. The Unlisted Securities Index (USI) appreciated by 2.70% to close at 713.17 points. Market capitalization also gained 2.70% to settle at N495.67 billion. Market activity measured by aggregate volume increased significantly by 20,807% while value also improved massively by 5,893%. Investors traded a total of 25.6 million units of shares valued at N489 million in 12 deals. Six securities traded which include; CSCS Plc, Wamco Plc, Food concepts, Afriland Properties , Niger Delta Exploration Plc and Trustbond mortgage bank.

Please find attached our daily market report for today, December 05, 2018.

Daily Report for 05122018

Dear Client/Reader,

Bargain Hunting Dominates Trading Activities… as ASI Up By 0.68%

The Nigerian equities market (NSE) rebounded to close positive as market players hunted for bargain. The bench mark – All Share Index (ASI) advanced by 68 basis points to close at 31,007.25 points. Market Capitalization gained N76 billion to close at N11.32 trillion while the Year-to-Date (YtD) returns settled at -18.92%.

Sectors performance was mixed

Performance across sectors was mixed as the Banking and Insurance indices appreciated by 2.62% and 0.67% respectively due to gains in Guaranty (3.75%) and Zenith (1.69%); Aiico (1.54%) and Mansard (9.89%). On the flip side, the Industrial and Consumer goods indices recorded the largest losses as they declined by 0.94% and 0.13% respectively arising from sell offs in Wapco (-10.00%) and NB (-0.50%) while the Oil & gas sector closed flat.

Market activity measured by aggregate volume declined by 21% while value also reduced by 22%. Investors traded a total of 196 million units of shares valued at ₦2.12 billion in 2,802 deals.

NASD Market

The NASD market again also closed bearish after today’s trading activities as negative sentiments persist. The Unlisted Securities Index (USI) depreciated by 1.13% to close at 699.44 points. Market capitalization also lost 113 basis points to settle at N482.65 billion. Market activity measured by aggregate volume declined by 85% while value also decreased by 53%. Investors traded a total of 122,311 units of shares valued at N8.16 million in 16 deals. Ten securities traded which include; Airliquid, Cappa & D’alberto, CSCS Plc, Wamco Plc, Food concept, Geo Fluids Plc, Mass telecomm, Mixta real estate, Riggs Ventures and Trust bond mortgage bank.

Please find attached our daily market report for today, December 04, 2018.

Daily Report for 04122018

Dear Client/Reader, 

Nigerian Bourse Begins The Month Bearish…as ASI Sheds 24 Bps.

The Nigerian equities market (NSE) opened the week in red as negative sentiments continued to dominate trading activities. The bench mark – All Share Index (ASI) declined by 0.24% and close at 30,798.76 points. Market Capitalization lost N27.5 billion to close at N11.24 trillion while the Year-to-Date (YtD) returns weakened to -19.47%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish save for the Oil & gas and Banking indices which appreciated by 2.07% and 0.61% respectively due to gains in Seplat (4.16%); Zenith (1.72%) and Guaranty (0.87%). On the flip side, the Insurance and Consumer goods indices recorded the largest losses as they declined by 4.51% and 0.72% respectively arising from sell offs in Continsure (-10.00%) and Mansard (-9.90%); NB (-2.22%) and Cadbury (-2.63%). Similarly, loss in Dangcem (-1.02%) contracted the Industrial (-0.03%) sector.

Market activity measured by aggregate volume improved slightly by 0.13% while value also advanced by 14%. Investors traded a total of 250 million units of shares valued at ₦2.72 billion in 3,122 deals.

NASD Market

The NASD market also closed bearish after today’s trading activities to open the month in red. The Unlisted Securities Index (USI) depreciated by 0.45% to close at 702.40 points. Market capitalization also lost 45 basis points to settle at N488.18 billion. Market activity measured by aggregate volume declined by 98% while value also decreased by 47%. Investors traded a total of 792,430 units of shares valued at N17.4 million in 11 deals.

Please find attached our daily market report for today, December 03, 2018.

Thank you.

Daily Report for 03122018

Dear Client/Reader, 

Nigerian Bourse Halts Downtrend To End The Month In Green

The Nigerian equities market (NSE) rebounded to close the week in green as the bulls resurfaced in the market. The bench mark – All Share Index (ASI) appreciated by 0.86% to close at 32,058.28 points. Market Capitalization advanced by N96 billion to close at N11.27 trillion while the Year-to-Date (YtD) returns settled at -19.27%.

Sectors performance was broadly bullish

Performance across sectors was broadly bullish save for the Insurance index which depreciated by 0.71% due to sell offs in the shares of NEM (-2.08%) and Custodian (-7.55%). Conversely, the Banking and Oil & gas sector indices recorded the highest gains as they appreciated by 1.53% and 1.52% respectively due to positive sentiments in the shares of UBA (6.38%) and Zenith (0.87%); 11 Plc (9.38%) and Forte Oil (1.98%). Likewise, the Industrial and Consumer goods sectors also went up by 0.14% and 0.90% respectively due to gains recorded in Dangcem (1.03%); NB (4.03%) and Honyflour (1.85%).

Market activity measured by aggregate volume decreased by 44% while value went down by 46%. Investors traded a total of 249 million units of shares valued at ₦2.39 billion in 2,909 deals.

Market Synopsis for the week

Nigeria’s stock market recorded its third consecutive weekly loss as investors maintained their negative sentiments on market bellwethers. The nation’s bourse had a broadly bearish performance as it closed negative in four of the five trading sessions. However, gains recorded on the last trading day (+0.86%) on the back of bargain hunting in some high cap stocks in the Oil & gas and banking sectors moderated the massive losses recorded in other trading days. Overall, the All Share Index (ASI) depreciated by 2.54% week-on-week, while the year-to-date returns dipped further to -19.27%.

Please find attached our daily market report for today, November 30, 2018.

Daily Report for 30112018

Dear Client/Reader, 

The Bears Continue Dominance…as ASI Breaks 31,000 Support Level

The Nigerian equities market (NSE) extended its losses to five consecutive days as negative sentiments dominated trading activities. The bench mark – All Share Index (ASI) broke the 31,000 support level to decline by 1.33% and close at 30,611.55 points. Market Capitalization lost N150.38 billion to close at N11.18 trillion while the Year-to-Date (YtD) returns weakened to -19.96%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish save for the Insurance and Consumer goods indices which appreciated by 3.09% and 0.05% respectively due to gains in Continsure (6.95%) and Mansard (6.32%); NB (0.51%). On the flip side, the Industrial and banking indices recorded the largest losses as they declined by 2.14% and 1.79% respectively arising from sell offs in Dangcem (-2.63%) and Wapco (-2.25%); Guaranty (-3.65%) and Zenith (-1.08%). Similarly, loss in Oando (-1.08%) contracted the Oil & gas (-0.05%) sector.

Market activity measured by aggregate volume improved by 100% while value also advanced by 64%. Investors traded a total of 442 million units of shares valued at ₦4.46 billion in 3,648 deals.

NASD Market

The NASD market again closed bearish to lose 5.21% in two days, following the bearish path of the listed stocks. The Unlisted Securities Index (USI) depreciated by 2.67% to close at 698.00 points. Market capitalization also lost 2.67% to settle at N485.13 billion. Market activity measured by aggregate volume declined by 87% while value also decreased by 48%. Investors traded a total of 73,476 units of shares valued at N11 million in 7 deals.

Please find attached our daily market report for today, November 29, 2018.

Daily Report for 29112018