text: Daily Financial Market Report for August 20, 2020 – MBC Financial Services
  Yahya Abdulrahman2020-08-20T15:51:23+00:00
  By Yahya Abdulrahman All Research, Daily Financial Market Report Comments Off on Daily Financial Market Report for August 20, 2020
  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%.
  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.
  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.