Daily Financial Market Report for January 29, 2021
Equities market ends Trading week on a Positive Note…ASI Gains 58 Basis Point
The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.58% to close at 42,412.66. Similarly, Market Capitalization increased by N127 billion to close at N22.19 trillion while the Year-to-Date (YtD) returns settled at 5.32%.
Sectors performance was Significantly Bullish
Performance across sectors was significantly bullish as 4 out of the 5 sectors closed in the green zone. Banking, Insurance, Consumer goods and Oil and gas indices advanced by 0.52%, 0.91%, 0.32% and 0.63% respectively, on the back of buy interests recorded in the shares OF ARDOVA (8.59%), VITAFOAM (6.91%), HONEYWELL (4.00%), MTNN (3.43%), UACN (2.45%), FCMB (2.42%), DANGSUGAR (1.92%), ETI (1.56%), GUARANTY (1.47%) and UBN (0.83%) among others. While Industrial (-0.08%) indices closed in the red zone due to sell pressures in the shares of TRANSCORP (-7.27%), CAP (-2.44%), WAPCO (-0.99%) and CUTIX (-0.44%) amongst others..
NASD Market
Please find here attached our Daily Financial Market update for today, January 29th, 2021.