Nigeria Market Trends -14th Sept. 2021

The NGX ASI closed at 38,920.50 points, to reflect a gain of 0.01% from the previous trading day. At the close of the market yesterday, Tuesday 14th of September 2021, the stock exchange Equity turned positive with a market value of N20.278 trillion while the Bond market capitalization stood at N18. 218 Trillion. The Exchange Traded Fund (ETF) Capitalisation was negative, it declined by 2.96%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	CHG	% CHG
1	ALL SHARE INDEX	38,920.50	4.88	0.01
3	Equity Cap (N'Tn)	20,278,214,495,712.20	2,545,247,738.30	0.01
4	BOND CAP (N'Tn)	18,218,201,386,840.70	0.00	0.00
5	ETF CAP (N'Bn)	11,423,460,873.78	-348,052,745.09	-2.96

MOST TRADED
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	WEMABANK	0.77	0.76	-0.01	-1.30
2	ACCESS	9.30	9.30	0.00	0.00
3	UBA	7.75	7.65	-0.10	-1.29
4	MBENEFIT	0.30	0.29	-0.01	-3.33
5	FIDELITY BK	2.40	2.44	0.04	1.67

TOP GAINERS
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	UPDC	1.510	1.61	0.100	6.623
2	ACADEMY	0.360	0.39	0.030	8.333
3	COURTVILLE	0.270	0.29	0.020	7.407
4	VITAFOAM	16.750	17.40	0.650	3.881
5	LIVESTOCK	2.080	2.14	0.060	2.885

TOP LOSERS
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	SOVERNINS	0.27	0.25	-0.02	-7.41
2	UPL	1.09	1.02	-0.07	-6.42
3	REGALINS	0.48	0.45	-0.03	-6.25
4	UACN	10.30	9.80	-0.50	-4.85
5	CHAMS	0.22	0.21	-0.01	-4.55

Analyst View

Naira depreciated marginally at the official window from its previous rate of N410.25/$ to a new  N410.51/$1 as of Tuesday, September 14, 2021 however, the Naira depreciated further at the black market-end of the market to N557/1$. It is been speculated that the Naira might depreciate to N600/$1 before the end of the year. The fallen value of the Naira at the black market rides on hoarding and speculative purchases.

The Nigerian Exchange (NGX) has stated that the digital transformation is the next phase of growth for the bourse.