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Equities market closes on a Positive note …ASI gains 74 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 0.74% to
close at 39,170.95. Similarly, Market Capitalization increased by 150.76 billion to
close at N20.42 trillion while the Year-to-Date (YtD) returns settled at -2.73%.

What shaped today’s market direction?

Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Banking, Agriculture and Consumer goods sector. Some of today’s
market gainers include: OKOMUOIL (9.75%), UBN (9.43%), HONYFLOUR (8.62%),
NASCON (7.41%), WAPCO (4.22%), UCAP (3.33%), FLOURMILL (2.74%),
TRANSCORP (2.30%), DANGCEM (2.22%), GUARANTY (1.76%), STANBIC (1.09%),
FIDELITY (0.89%), VITAFOAM (0.87%) and ZENITH (0.22%) amongst others.

Sectors performance was Broadly Bullish

Performance across sectors was broadly bullish as 5 out of 5 sectors closed in the
green zone. Industrial, Consumer Goods, Banking, Insurance and Oil & Gas Indices
advanced by 1.33%, 0.28%, 1.25%, 0.37% and 0.03% respectively.
Market activity measured by aggregate volume decreased by 16.93% while value
increased by 148.95%. Investors traded a total of 181 million units of shares valued
atN3.96 billion in 3,217 deals.
Market breadth measured by Advancers/Decliners was positive as it closed at 4.17x
indicating a bullish mood. At the close of trading : OKOMUOIL (9.75%), UBN
(9.43%), HONYFLOUR (8.62%), NASCON (7.41%), WAPCO (4.22%), UCAP (3.33%),
FLOURMILL (2.74%), TRANSCORP (2.30%), DANGCEM (2.22%), GUARANTY (1.76%), STANBIC (1.09%), FIDELITY (0.89%), VITAFOAM (0.87%) and ZENITH (0.22%) were the amongst 25 market gainers, while SOVRENINS (-3.57%), JAIZBANK (-3.39%), FCMB (-1.59%), FBNH (-1.37%), MANSARD (-1.19) and NB (-0.08%) were the 6 market laggards. 65 stock prices remained unchanged.
The Banking sector emerged as the most active sector. Equities of Zenith, Sterling
and Guaranty were the most active in the subsector as 83 million units of shares
worth N1.08 Billion were traded in 2,240 transactions. Zenith, Sterling and Guaranty
accounted for 66% of the total volume traded in the subsector.
Other Financial Institutions came second ahead of Insurance. Equities of FBNH and
UCAP were the most active in the subsector as 29 million units of shares worth N169
million were traded in 994 transactions. Trading in the Equities of FBNH and UCAP
accounted for 63% of the total volume traded in the subsector.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 1.82% to close at 754.98. Consequently, Market
Capitalization also closed at N536.65 billion. Market activity measured by aggregate
volume decreased by 57.93% while value decreased by 55.35%. Investors traded a
total of 2,564,200 units of shares valued at N62 million in 21 deals.

Please find here our Daily Financial Market update for today, June 9, 2021

Dear Client/Reader,

Please find here our Market Report for today,  June 8, 2021.

Equities market closes on a Negative note…ASI Loses 8 Basis Point

The Nigerian Stock Exchange (NSE) closed negative as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 0.08% to close at 38,256.76. Similarly, Market Capitalization decreased by 16 billion to close at N19.99 trillion while the Year-to-Date (YtD) returns settled at -5.00%.

Sectors performance was Broadly Bearish

Performance across sectors was broadlybearish as 2 out of 5 sectors closed in the red zone. Banking and Insurance indices declined by 0.47% and 1.61% respectively, on the back of sell pressures recorded in the shares of AIICO (-4.96%), CHAMS (-4.76%), MANSARD (-4.44%), JAIZBANK (-1.72%), LIVESTOCK (-1.64%), FBNH (-1.38%), UAC-PROP (-1.32%), GUARANTY (-1.21%),  STERLING (-0.59%) and GUINNESS (-0.17%) amongst others. While Consumer goods and Industrial Indices advanced by 0.02% and 0.01% respectively, on the back of buy interests in the shares of VITAFOAM (2.78%), HONYFLOUR (2.63%), UACN (2.31%) and UNILEVER (1.23%). Oil and gas index remained unchanged.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.07% to close at 765.20. Consequently, Market Capitalization also closed negative at N543.91 billion. Market activity measured by aggregate volume decreased by 63.09% while value decreased by 31.86%. Investors traded a total of  2,839,639 units of shares valued at N127.499 million in 39 deals.

Please find here our Daily Financial Market update for today, May 25th, 2021

Equities market closes on a Positive note…ASI Gains 5 Basis Point

The Nigerian Stock Exchange (NSE) closed positive as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.05% to close at 38,341.66. Similarly, Market Capitalization increased by 10 billion to close at N19.99 trillion while the Year-to-Date (YtD) returns settled at -4.79%..

Sectors performance was Broadly Bearish

Performance across sectors was broadlybearish as 3 out of 5 sectors closed in the red zone. Banking, Consumer goods and Insurance indices declined by 0.68%, 0.10% and 0.75% respectively, on the back of sell pressures recorded in the shares of ENAMELWA (-9.75%), UAC-PROP (-8.43%), JAIZBANK (-6.45%), MBENEFIT (-4.55%), WEMA (-3.33%), ETERNA (-2.50%), ETI (-1.89%), ACCESS (-1.82%), UBA (-1.38%) and GUARANTY (-0.85%) amongst others. While Oil and gas and Industrial Indices advanced by 0.21% and 0.09% respectively, on the back of buy interests in the shares of OANDO (3.45%), WAPCO (1.49%) and MTNN (0.31%).

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.99% to close at 765.76. Consequently, Market Capitalization also closed negative at N544.31 billion. Market activity measured by aggregate volume increased by 154.63% while value decreased by 157.41%. Investors traded a total of  7,693,337 units of shares valued at N187.09 million in 37 deals.

Please find here our Daily Financial Market update for today, May 24th, 2021