Nigeria Market Trends -13th Sept. 2021

The NGX ASI closed at 38,915.62 points, to reflect a loss of 0.02% from the previous trading day. At the close of the market yesterday, Monday 13th of September 2021, the stock exchange Equity market value currently stands at N20.275 trillion while the Bond market capitalization stood at N18. 218 Trillion. The Exchange Traded Fund (ETF) Capitalisation was positive, it grew by 4.64%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	CHG	% CHG
1	ALL SHARE INDEX	38,915.62	-6.16	-0.02
3	Equity Cap (N'Tn)	20,275,669,247,973.90	-3,209,583,446.90	-0.02
4	BOND CAP (N'Tn)	18,218,201,386,840.70	-6,832,801,969.00	-0.04
5	ETF CAP (N'Bn)	11,771,513,618.87	521,869,680.42	4.640

 

MOST TRADED
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	UNIVINSURE	0.20	0.20	0.00	0.00
2	FIDELITY (BKN)	2.30	2.40	0.10	4.35
3	FBNH	7.55	7.50	-0.05	-0.66
4	COURTVILLE	0.28	0.27	-0.01	-3.57
5	ACCESS	9.20	9.30	0.10	1.09

TOP GAINERS
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	MORISON	1.920	2.10	0.180	9.375
2	SOVERNINS	0.250	0.27	0.020	8.000
3	LINKASSURE	0.570	0.60	0.030	5.263
4	FIDELITY	2.300	2.40	0.100	4.348
5	INTBREW	4.800	5.00	0.200	4.167

TOP LOSERS
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	SCOA	1.30	1.17	-0.13	-10.00
2	ACADEMY	0.39	0.36	-0.03	-7.69
3	UPDC	1.61	1.51	-0.10	-6.21
4	ABCTRANS	0.35	0.33	-0.02	-5.71
5	OANDO	4.64	4.55	-0.09	-1.94

Analyst View

Naira sustained its previous rate at the official exchange rate window, it stood at N410.25/$1 as of Monday, September 13, 2021 however, the Naira depreciated further at the black market-end of the market to N545/1$. The fallen value of the Naira at the black market rides on hoarding and speculative purchases. The Federal Government of Nigeria is reviewing restrictions on international travelers without Covid-test.