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Bulls took Over…ASI increases by 15 Basis Points

The Nigerian Stock Exchange (NSE) closed positive as the bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) surged by 0.15% to close at 25,572.57. Market Capitalization increased by N20.49 billion to close at N13.36 trillion while the Year-to-Date (YtD) returns settled at -4.73%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the green zone. Consumer Goods and Banking indices increased by 0.59% and 0.30% respectively, on the back of buy interests recorded in the shares of Dangsugar (7.14%); Access (1.57%) and Unitybnk (5.56%). Conversely, Insurance indices declined by 0.30%, on the back of selloffs recorded in the shares of Cornerst (-1.67%). However, Oil and Gas as well as Industrial remained unchanged.

NASD Market

The NASD market was unchanged after today’s trading activities as the Unlisted Securities Index (USI) closed at 720.02. Consequently, Market Capitalization also remained the same at N528.9 billion. Market activity measured by aggregate volume decreased by 96.14% while value decreased by 84.16%. Investors traded a total of 51,418 units of shares valued at N3.34 million in 1 deal. Only one security traded on the NASD platform today; Nipco Plc.

Please find attached our Daily Financial Market update for today, September 18, 2020.

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Click here for the Daily Financial Market Update.

Dear Client/Reader,

Bearish Run Persists…ASI Loses 7 Basis Points

The Nigerian Stock Exchange (NSE) closed negative as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.07% to close at 25,533.35. Market Capitalization shed N9.18 billion to close at N13.34 trillion while the Year-to-Date (YtD) returns settled at -4.88%. 

Sectors performance broadly bullish

Performance across sectors was broadly bullish as three sectors closed in the green zone. Insurance, Consumer Goods, and Industrial indices increased by 1.28%, 0.07% and 0.05% respectively, on the back of buy interests recorded in the shares of Aiico (4.71%); Cadbury (7.10%); Intbrew (10.00%). Conversely, Banking and Oil and Gas indices declined by 0.36% and 0.19% respectively, on the back of selloffs recorded in the shares of Oando (-2.13%) and Fidelitybk (-0.56%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 29 basis points to close at 720.02. Consequently, Market Capitalization also decreased by 0.29% to close at N528.9 billion. Market activity measured by aggregate volume increased by 63.99% while value increased by 158.19%. Investors traded a total of 1,331,905 units of shares valued at N21.1 million in 13 deals. Eight securities traded on the NASD platform today and they are: CSCS Plc, Afriland Properties Plc, WAMCO Plc, Mixreal Plc, Nipco Plc, Airliquid Plc, Famad Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, September 17, 2020.

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Dear Client/Reader,

Bearish Run Persists…ASI Loses 19 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.19% to close at 25,550.31. Market Capitalization shed N1.16 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.81%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Insurance, Banking, and Industrial indices declined by 1.49%, 0.58% and 0.23% respectively, on the back of selloffs recorded in the shares of Nem (-9.78%); Access (-1.49%) and Zenithbank (-1.16%); Wapco (-3.70%). Conversely, Oil and Gas and Consumer Goods indices advanced by 0.41% and 0.07% respectively, on the back of buy interest recorded in the shares of Oando (4.44%) and Ardova (0.44%); NB (2.31%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 69 basis points to close at 722.13. Consequently, Market Capitalization also decreased by 0.69% to close at N530.45 billion. Market activity measured by aggregate volume decreased by 20.65% while value declined by 89.02%. Investors traded a total of 812,166 units of shares valued at N8.17 million in 9 deals. Four securities traded on the NASD platform today and they are: CSCS Plc, Afriland Properties Plc, WAMCO Plc and NDEP Plc. 

Please find attached our Daily Financial Market update for today, September 16, 2020.

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Click here for the daily market report.

Dear Client/Reader,

Bears Regain Dominance on Local Bourse…ASI Loses 3 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.03% to close at 25,597.96. Market Capitalization shed N3.97 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.63%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Oil and Gas, Banking, and Consumer Goods indices declined by 1.16%, 0.18% and 0.10% respectively, on the back of selloffs recorded in the shares of Oando (-5.46%) and Seplat (-1.28%); UBA (-0.81%) and Zenithbank (-0.29%); Dangsugar (-1.24%). Conversely, Insurance and Industrial indices advanced by 0.35% and 0.21% respectively, on the back of buy interest recorded in the shares of Cornerst (6.45%); Wapco (3.45%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 115 basis points to close at 727.12. Consequently, Market Capitalization also increased by 1.15% to close at N534.12 billion. Market activity measured by aggregate volume increased by 3,628.84% while value advanced by 5,367.26%. Investors traded a total of 1.02 million units of shares valued at N74.13 million in 11 deals. Six securities traded on the NASD platform today and they are: NIPCO Plc, WAMCO Plc, Food Concept Plc, Afriland Properties Plc, VFD Group Plc and NDEP Plc.

Please find attached our Daily Financial Market update for today, September 15, 2020.

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Dear Client/Reader,

Equity Market Resumes New Week Bullish…ASI Gains 5 Basis Points

The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.05% to close at 25,605.59. Market Capitalization gained N7.11 billion to close at N13.36 trillion while the Year-to-Date (YtD) returns settled at -4.61%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Consumer Goods, Oil and Gas and Insurance indices declined by 0.50%, 0.08% and 0.07% respectively, on the back of selloffs recorded in the shares of Guinness (-8.57%) and Intbrew (-0.37%); Oando (-0.83%); Cornerst (-4.62%). Conversely, Industrial and Banking indices advanced by 0.51% and 0.15% respectively, on the back of buy interest recorded in the shares of Wapco (1.95%) and Dangcem (0.75%); Guaranty (0.40%) and Zenithbank (0.29%).

NASD Market

The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 89 basis points to close at 718.87. Consequently, Market Capitalization also increased by 0.89% to close at N528.06 billion. Market activity measured by aggregate volume decreased by 74.12% while value declined by 21.75%. Investors traded a total of 27,450 units of shares valued at N1.36 million in 5 deals. Two securities traded on the NASD platform today and they are: CSCS Plc and NDEP Plc.

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

Thank you.

Click here for the daily financial market report.