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Nigeria Market Trends:

September 9, 2021

The Nigerian Stock Exchange closed the Wednesday trading day September 9, 2021, in red sustaining a declining trend in the last three days.  The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 12 basis points, while the market capitalization increased by N35.44 billion.

The NGX ASI closed at 39,204.52 points, to reflect a loss of 0.12% from the previous trading day.
At the close of the market today, Wednesday 8th of September 2021, the stock exchange Equity market value currently stands at N20.426 trillion while the Bond market capitalization stood at N18.16 Trillion. Its Year-to-Date (YTD) return, however, is currently settled at –2.54%.
 
 

MOST TRADED
S/n Equity Prev Price Closing Price CHG % CHG
1 ACCESS 9.400 9.450 0.050 0.530
2 GTCO 27.60 27.05 -0.55 -1.99
3 ZENITHBANK 24.20 24.00 -0.20 -0.83
4 HONEYFLOUR 4.000 4.090 0.090 2.250
5 UCAP 8.100 8.100 0.000 0.000




TOP GAINERS
S/n Equity Prev Price Closing Price CHG % CHG
1 REGALNS 0.47 0.51 0.04 8.5
2 UNIVINSURE 0.20 0.21 0.01 5.0
3 SOVERENINS 0.24 0.25 0.01 4.2
4 FCMB 2.90 3.00 0.10 3.4
5 OANDO (MRF) 4.40 4.54 0.14 3.2




TOP LOSERS
S/n Equity Prev Price Closing Price CHG % CHG
1 SCOA 1.44 1.30 -0.14 -9.7
2 VETRINKAD 0.23 0.21 -0.02 -8.7
3 MANSARD 0.88 0.83 -0.05 -5.7
4 CHAMS 0.22 0.21 -0.01 -4.5
5 INTBRWS 5.00 4.80 -0.20 -4.0


Analyst View

EcoBank received additional investments from Arise B.V, a leading African investment company, an additional Tier 1 (AT1) investment of about $75 million was invested, this should boost the activities of the Pan African Bank.

Naira has been gaining at the official exchange rate window, it stood at N410.25/$1 as of Tuesday, September 7, 2021 however, the Naira depreciated further at the black market-end of the market to N535/1$.