Daily Financial Market Report

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

Dear Client/Reader, 

Nigerian Bourse Continues Losing Streak…as ASI Sheds 48 Bps.

The Nigerian equities market (NSE) extended its losses to four consecutive days as negative sentiments dominated trading activities. The bench mark – All Share Index (ASI) declined by 0.48% to close at 31,023.47 points. Market Capitalization shed N54.83 billion to close at N11.33 trillion while the Year-to-Date (YtD) returns weakened to -18.88%.

Sectors performance was broadly bearish

Performance across sectors was broadly bearish save for the Insurance and Consumer goods indices which appreciated by 0.51% and 0.08% respectively due to gains in Continsure (10.00%); Flourmill (2.56%) and Cadbury (2.56%). On the other hand, the Oil & gas and Industrial indices recorded the largest losses as they declined by 0.79% and 0.42% respectively arising from sell offs in Oando (-6.06%) and Dangem (-1.55%). Similarly, losses in Zenith (-1.48%) and UBA (-2.00%) contracted the banking (-0.17%) sector.

Market activity measured by aggregate volume improved by 21% while value declined marginally by 1%. Investors traded a total of 220 million units of shares valued at ₦2.73 billion in 3,252 deals.

NASD Market

The NASD market reversed previous day gain to close bearish after today’s trading activities. The Unlisted Securities Index (USI) depreciated by 2.54% to close at 717.12 points. Market capitalization also lost 2.54% to settle at N498.42 billion. Market activity measured by aggregate volume advanced by 598% while value also went up by 94%. Investors traded a total of 570,200 units of shares valued at N21.17 million in 11 deals.

Please find attached our daily market report for today, November 28, 2018.

Daily Report for 28112018