Nigerian Equities Market Closed Positive…ASI Up by 8bps

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria.

A Microfinance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small...
- Advertisement -

The market closed on a positive note amid bargain hunting in large and mid-cap stocks. The benchmark All Share Index (ASI) advanced by 0.8 bps to 40,150.78 with market capitalization gaining N15.98bn to settle at N20.99tn. In summary, the Year to Date (YtD) performance closed at -0.30%.

Performance across different sectors was broadly bullish with 3 out of the 5 sectors under coverage closing in the green zone. Oil & gas, banking and consumer goods indices went up by 0.85%, 0.19% and 0.46% following buy sentiments in the shares of ARDOVA (+9.79%), ZENITH BANK (+0.78%) and GUINNESS (+2.78).

Conversely, insurance index waned by 72 bps on the back of selloffs in LINKASSURE (-10.00%) and MANSARD (-3.36%).

Investors’ sentiment improves as 28 stocks advanced while only 24 stocks declined to indicate a 1.17x market breadth. Activity level was however mixed as the volume of transactions advanced by 0.72% amid 31.75% decline in value.

Nigerian Equities Market Closed Positive...ASI Up by 8bps

- Advertisement -

The bond market traded on a mixed note as yield advanced on mid and long-dated instruments while those on short maturities inched lower.

Notably, the yield on the FGN-JAN-2022 and MAR-2024 declined by 0.01% and 0.02% to close at 2.48% and 4.40%. However, Yield on the FGN-MAR-2025 and FEB-2028 advanced to 5.50% and 6.93% respectively.

Read Also:  NIGERIA IMMIGRATION SERVICE SUSPENDS BIOMETRICS ENROLMENT & ASSOCIATED CHARGES FOR VISA ON ARRIVAL

Market Snapshot

  • Nigerian Equities Market Closed Positive…ASI Up by 8bps
  • The bond market traded on a mixed  note as yield advanced on longer maturities
  • U.S. Stocks Contract on Covid-19 pressure
  • Oil  reverse uptrend  as Rally Takes a Breath
  • Naira depreciated by 63bps against the USD at the parallel market to close at N475/$
- Advertisement -
Nigerian Equities Market Closed Positive...ASI Up by 8bps - Brand SpurNigerian Equities Market Closed Positive...ASI Up by 8bps - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Christmas, British Airways Excites Business Class Passengers (Picture)

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nigerian Equities Market Closed Positive...ASI Up by 8bps - Brand SpurNigerian Equities Market Closed Positive...ASI Up by 8bps - Brand Spur

Latest News

Global Investment Down 42% in 2020, Further Weakness Expected in 2021

Global foreign direct investment collapsed in 2020, falling by 42% to an estimated $859 billion from $1.5 trillion in...

NSE ASI Moderates by 0.42% amid Sell-Offs

In the just concluded week, the NSE ASI retraced into negative territory amid sell-offs witnessed on the mid and large-cap stocks. We saw investors...

Naira Appreciates Against the USD at Investors and Exporters Window

In the just concluded week, Naira strengthened against the USD at the Investors and Exporters window as the exchange rate fell (Naira appreciated) by...

Credit to Private Sector Rises in Nov. 2020; MPC Decides on Policy Rate in the New Week…

In the just concluded week, data released from the Central Bank of Nigeria (CBN) depository corporations survey showed a 5.21% year to date (YTD)...

Lenovo outstrips other OEMs, dominates global PC shipments

Global Original Equipment Manufacturer (OEM) Lenovo has continued to astound market watchers, dominating worldwide PC shipments on the back of a rise in demand. The...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Nigerian Equities Market Closed Positive...ASI Up by 8bps - Brand SpurNigerian Equities Market Closed Positive...ASI Up by 8bps - Brand Spur