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Equity Market Closes Negative…ASI Dips By 15 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears resurfaced in the market today. The benchmark All Share Index (ASI) waned by 0.15% to close at 25,199.84. Market Capitalization shed N19.37 billion to close at N13.15 trillion while the Year-to-Date (YtD) returns settled at -6.12%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as one sector closed in the green zone. Consumer Goods, Insurance and Banking indices declined by 0.68%, 0.55% and 0.19% respectively, on the back of selloffs recorded in the shares of Intbrew (-8.06%) and Cadbury (-3.87%); Aiico (-4.17%) and Wapic (-2.94%); Access (-1.54%) and Zenith (-0.30%). Conversely, Industrial index advanced by 0.24%, on the back of buy interest recorded in the share of Buacement (0.78%). However, Oil and Gas index closed flat.

NASD Market

The stock market closed positive this week. The nation’s bourse had bullish performance as it closed positive in two of the five trading sessions. The market recorded losses on the first, second and last trading days of the week (-0.06%, 0.58% and -0.15% respectively) and recorded gains on the third and fourth trading days of the week (1.04% and 0.38% respectively), due to buy interest in large and mid-cap stocks across Banking, Consumer Goods and Oil and Gas sectors. Overall, ASI advanced by 0.63% week-on-week, while the year-to-date returns settled at -6.12%.

Please find attached our Daily Financial Market update for today, August 14, 2020.

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Click here for the daily financial market report.

Dear Client/Reader,

Bulls Maintain Dominance on Local Bourse…ASI Posts 0.38% Gain

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.38% to close at 25,236.97. Market Capitalization gained N49.88 billion to close at N13.17 trillion while the Year-to-Date (YtD) returns settled at -5.98%.

Sectors performance significantly bullish

Performance across sectors was significantly bullish as one sector closed in the red zone. Insurance and Consumer Goods indices advanced by 2.16% and 1.46% respectively, on the back of gains recorded in the shares of Mansard (9.66%) and Chiplc 8.82%); NB (5.88%) and Flourmill (2.32%). Similarly, Oil and Gas and Banking indices increased by 0.31% and 0.03% respectively, each, on the back of buy interest recorded in the shares of Oando (3.336%); Fidelitybk (3.28%) and Access (1.56%). Conversely, Industrial index declined by 0.12% on the back of losses recorded in the shares of Wapco (-0.42%) and Buacement (-0.26%).

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities Index (USI) settled at 713.39. Consequently, Market Capitalization remained unchanged as it closed at N524.04 billion. Market activity measured by aggregate volume increased by 418.65% while value advanced by 100.15%. Investors traded a total of 514,675 units of shares valued at N18.62 million in 6 deals. Two securities traded on the NASD platform today and they are: CSCS Plc and VFD Group Plc.

Please find attached our Daily Financial Market update for today, August 13, 2020.

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Click here for the daily financial market report.

Dear Client/Reader,

Equity Halts Downtrend of Two Consecutive Days…ASI Posts 1.04% Gain

The Nigerian Stock Exchange (NSE) rebounds as the bulls resurfaced in the market today. The benchmark All Share Index (ASI) appreciated by 1.04% to close at 25,141.48. Market Capitalization gained N134.47 billion to close at N13.12 trillion while the Year-to-Date (YtD) returns settled at -6.34%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Oil and Gas, Insurance and Consumer Goods indices advanced by 5.24%, 0.64% and 0.19% respectively, on the back of buy interest recorded in the shares of Seplat (10.00%) and Total (1.14%); Prestige (8.89%) and Aiico (6.67%); Cadbury (9.93%) and Guinness (6.21%). Conversely, Banking and Industrial indices declined by 0.36% and 0.26% respectively, on the back of selloffs recorded in the shares of Access (-2.29%) and Zenithbank (-0.59%); Buacement (-0.64%) and Wapco (-0.42%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 34 basis points to close at 713.39. Consequently, Market Capitalization also increased by 0.34% to close at N524.04 billion. Market activity measured by aggregate volume increased by 65.60% while value declined by 33.54%. Investors traded a total of 88,485 units of shares valued at N9.30 million in 6 deals. Three securities traded on the NASD platform today and they are: CSCS Plc, NDEP Plc and Mixta Real Estate Plc.

Please find attached our Daily Financial Market update for today, August 12, 2020.

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Click here for the daily financial market report.

Dear Client/Reader,

Bears Sustain Hold on Local Bourse…ASI Loses 58 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears sustained dominance in the market today. The benchmark All Share Index (ASI) waned by 0.58% to close at 24,883.70. Market Capitalization shed N75.07 billion to close at N12.98 trillion while the Year-to-Date (YtD) returns settled at -7.30%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Consumer Goods, Banking and Oil and Gas indices advanced by 0.93%, 0.52% and 0.26% respectively, on the back of buy interest recorded in the shares of Cadbury (6.82%) and NB (6.25%); UBA (0.78%) and Zenithbank (0.30%); Ardova (4.94%). Conversely, Insurance and Industrial indices declined by 2.48% and 2.16% respectively, on the back of selloffs recorded in the shares of Prestige (-10.00%) and Chiplc (-9.76%); Dangcem (-4.09%) and Wapco (-0.42%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 70 basis points to close at 711.00. Consequently, Market Capitalization also increased by 0.70% to close at N522.28 billion. Market activity measured by aggregate volume decreased by 63.53% while value advanced by 186.12%. Investors traded a total of 53,432 units of shares valued at N13.99 million in 5 deals. Three securities traded on the NASD platform today and they are: NDEP Plc, WAMCO Plc and Mixta Real Estate Plc.

Please find attached our Daily Financial Market update for today, August 11, 2020.

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Click here for the daily financial market report.

Dear Client/Reader,

Bears Claw Back on Local Bourse…ASI Dips Marginally by 6 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears resurfaced in the market today. The benchmark All Share Index (ASI) waned by 0.06% to close at 25,027.61. Market Capitalization shed N7.45 billion to close at N13.06 trillion while the Year-to-Date (YtD) returns settled at -6.76%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Insurance, Consumer Goods and Oil and Gas indices advanced by 0.96%, 0.33% and 0.08% respectively, on the back of buy interest recorded in the shares of Cornerst (9.09%) and Sunuassur (5.00%); Guinness (6.38%); Oando (0.85%). Conversely, Industrial and Banking indices declined by 0.41% and 0.04% respectively, on the back of selloffs recorded in the shares of Buacement (-1.39%); UBA (-1.53%) and Zenithbank (-0.59%).

NASD Market

The NASD market closed flat after today’s trading activities as the Unlisted Securities Index (USI) settled at 706.07. Consequently, Market Capitalization remained unchanged as it closed at N518.65 billion. Market activity measured by aggregate volume increased by 16.09% while value advanced by 100.19%. Investors traded a total of 146,490 units of shares valued at N4.89 million in 16 deals. Five securities traded on the NASD platform today and they include: Firsttrust Mortgage Bank Plc, CSCS Plc, NDEP Plc, WAMCO Plc and Afriland Properties.

Please find attached our Daily Financial Market update for today, August 10, 2020.

Thank you.

Click here for the daily financial market report.