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Nigeria Market Trends: Naira Weakened At All Market Segments

September 10, 2021

The Nigerian Stock Exchange closed the Thursday,  September 9, 2021 trading session, in red sustaining a declining trend in the last four 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 0.01% or 10 basis points, while the market capitalization declined by N1.66 Billion.

The NGX ASI closed at 39,201.33 points, to reflect a loss of 0.01% from the previous trading day. At the close of the market for Thursday 9th of September 2021, the stock exchange Equity market value currently stands at N20.424 trillion while the Bond market capitalization stood at N18.172 Trillion. Its Year-to-Date (YTD) return, however, is currently settled at –2.5%.


MARKET SNAPSHOT
S/n INDICES CLOSING POSITION
1 ALL SHARE INDEX 39,201.33
3 Equity Cap (N'Tn) 20,424,532,902,817.00
4 BOND CAP (N'Tn) 18,172,333,859,721.70
5 ETF CAP (N'Bn) 11,265,411,062.99

MOST TRADED
S/n Equity Prev Price Closing Price CHG % CHG
1 ZENITHBANK 24.00 23.80 -0.20 -0.83
2 ACCESS 9.450 9.400 -0.05 -0.53
3 GTCO 27.05 27.10 0.050 0.180
4 WAPCO 22.50 22.40 -0.10 -0.44
5 FIDELITY (MRF) 2.330 2.300 -0.03 -1.29


TOP GAINERS
S/n Equity Prev Price Closing Price CHG % CHG
1 CHAMS 0.210 0.22 0.01 4.76
2 UBA(MRF) 7.500 7.85 0.35 4.67
3 CUTIX 4.780 5.00 0.22 4.60
4 OANDO 4.540 4.68 0.14 3.08
5 NB 48.05 48.65 0.60 1.25

TOP LOSERS
S/n Equity Prev Price Closing Price CHG % CHG
1 CORNERSTNE 0.52 0.48 -0.04 -7.69
2 AIICO 1.02 0.95 -0.07 -6.86
3 LEARNAFRCA 1.44 1.36 -0.08 -5.56
4 LIVESTOCK 2.20 2.08 -0.12 -5.45
5 HONYFLOUR 4.09 3.08 -1.01 -24.69

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 declined marginally at the official exchange rate window to N411.67/$1 on 9th of September, 2021 from the previous position of N411.5/$1 also at the black market-end, the currency also got a beaten declining to N540/$1  from the previous position of N535/$1. The disparity between the official and black market is now N130

Investors within the Crypto market got relief as the Bitcoin market appreciated by 2.8% to trade above $46,000. Meanwhile, Ukraine followed the path of EL Salvador as the second country to adopt Bitcoin as a currency