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Equity Market Closes Positive…ASI Gains 13 Basis Points

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.13% to close at 25,204.60. Market Capitalization gained N18.06 billion to close at N13.15 trillion while the Year-to-Date (YtD) returns settled at -6.10%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as one sector closed in the red zone. Consumer Goods, Banking and Industrial indices advanced by 0.52%, 0.18% and 0.03% respectively, on the back of buy interest recorded in the shares of Intbrew (10.00%) and Honyflour (2.17%); Access (1.56%) and Guaranty (0.20%); CAP (5.56%). Conversely, Insurance index declined by 0.23% on the back of selloffs recorded in the shares of Regalins (-4.35%) and Aiico (-3.23%). However, Oil and Gas index closed flat.

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 4 basis points to close at 709.17. Consequently, Market Capitalization also decreased by 0.04% to close at N520.93 billion. Market activity measured by aggregate volume decreased by 82.35% while value declined by 64.16%. Investors traded a total of 134,382 units of shares valued at N21.88 million in 18 deals. Five securities traded on the NASD platform today and they are: NDEP Plc, WAMCO Plc, Afriland Properties Plc, Air Liquide Plc and CSCS Plc.

Please find attached our Daily Financial Market update for today, August 20, 2020.

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Click here for the daily financial market report.

Dear Client/Reader,

Bulls Gain Momentum on Local Bourse…ASI Gains 14 Basis Points

The Nigerian Stock Exchange (NSE) sustained its uptrend as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.14% to close at 25,171.32. Market Capitalization gained N18.20 billion to close at N13.13 trillion while the Year-to-Date (YtD) returns settled at -6.22%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Banking, Consumer Goods and Insurance indices advanced by 0.81%, 0.41% and 0.19% respectively, on the back of buy interest recorded in the shares of Guaranty (1.20%) and Zenithbank (0.90%); Intbrew (7.14%); Mbenefit (5.00%) and Aiico (2.20%). Conversely, Industrial index declined by 0.04% on the back of selloffs recorded in the shares of CAP (-10.00%). However, Oil and Gas index closed flat.

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 15 basis points to close at 709.43. Consequently, Market Capitalization also decreased by 0.15% to close at N521.12 billion. Market activity measured by aggregate volume increased by 42.45% while value declined by 14.51%. Investors traded a total of 761,395 units of shares valued at N61.04 million in 8 deals. Three securities traded on the NASD platform today and they are: WAMCO Plc, CSCS Plc and UBN Properties Plc.

Please find attached our Daily Financial Market update for today, August 19, 2020.

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Click here for the daily financial market report.

Dear Client/Reader,

Equity Market Closes Flat…ASI Inches Up Marginally by 2 Basis Points

The Nigerian Stock Exchange (NSE) saw mixed sentiment with the bulls marginally edging the bears today. The benchmark All Share Index (ASI) appreciated by 0.02% to close at 25,136.49. Market Capitalization gained N3.75 billion to close at N13.11 trillion while the Year-to-Date (YtD) returns settled at -6.35%.

Sectors performance broadly bearish

Performance across sectors was broadly bearish as two sectors closed in the green zone. Oil and Gas, Consumer Goods and Industrial indices declined by 1.83%, 0.12% and 0.02% respectively, on the back of selloffs recorded in the shares of Conoil (-9.76%) and Ardova (-9.68%); NB (-2.78%); Wapco (-0.43%). Conversely, Insurance and Banking indices advanced by 0.89% and 0.52% respectively, on the back of buy interest recorded in the shares of Cornerst (9.43%) and Lasaco (7.14%); UBA (2.31%) and Access (0.79%).

NASD Market

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 111 basis points to close at 710.49. Consequently, Market Capitalization also decreased by 1.11% to close at N521.90 billion. Market activity measured by aggregate volume increased by 1,982.20% while value advanced by 894.51%. Investors traded a total of 534,500 units of shares valued at N71.41 million in 3 deals. Two securities traded on the NASD platform today and they are: WAMCO Plc and NDEP Plc.

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

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Click here for the daily financial market report.

Dear Client/Reader,

Equity Market Resumes New Week Bearish…ASI Dips By 27 Basis Points

The Nigerian Stock Exchange (NSE) retracts as the bears dominate proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.27% to close at 25,132.67. Market Capitalization shed N29.30 billion to close at N13.12 trillion while the Year-to-Date (YtD) returns settled at -6.33%.

Sectors performance broadly bullish

Performance across sectors was broadly bullish as two sectors closed in the red zone. Insurance, Oil and Gas and Consumer Goods indices advanced by 2.89%, 0.49% and 0.23% respectively, on the back of buy interest recorded in the shares of Mansard (9.43%) and Cornerst (8.16%); Ardova (9.41%); Cadbury (4.70%) and Dangsugar (3.36%). Conversely, Industrial and Banking indices declined by 0.38% and 0.24% respectively, on the back of selloffs recorded in the shares of Dangcem (-0.74%); Access (-0.78%) and Guaranty (-0.20%).

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 718.43. Consequently, Market Capitalization also increased by 0.70% to close at N527.73 billion. Market activity measured by aggregate volume increased by 144.48% while value advanced by 438.22%. Investors traded a total of 25,670 units of shares valued at N7.18 million in 7 deals. Three securities traded on the NASD platform today and they are: NDEP Plc, WAMCO Plc and CSCS Plc.

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

Thank you.

Click here for the daily financial market report.