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September 17, 2021

The Nigerian Stock Exchange closed the Thursday trading day September 16, 2021, in red erasing the previous day's gain. 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 15 basis points, while the Equity market capitalization decreased by  N29.7 billion over the previous day.

The NGX ASI closed at 38,911.31 points, to reflect a dip of 0.15% from the previous trading day. At the close of the market yesterday, Thursday 16th of September 2021, the stock exchange Equity remained positive with a market value of N20.278 billion while the Bond market capitalization remain unchanged over the last 2 trading days. The Exchange Traded Fund (ETF) Capitalisation was positive growing by o.15%. The Markets  Year-to-Date (YTD) return, however, is currently settled at –3.35%.



MARKET SNAPSHOT  
S/n INDICES Closing Price CHG % CHG
1 ALL SHARE INDEX 38,911.31                                 (57.03) -0.15
3 Equity Cap (N'Tn) 20,273,426,363,770.10 (29,711,520,494.40) -0.15
4 BOND CAP (N'Tn) 18,275,512,995,365.30                                         -   0.00
5 ETF CAP (N'Bn) 11,042,357,210.64  16,753,125.00 0.15


MOST TRADED
S/n Equity Prev Price Closing Price CHG % CHG
1 ACCESS 9.3 9.3 0 0.00
2 UNIVINSURE 0.2 0.2 0 0.00
3 ZENITH BANK 23.65 23.65 0 0.00
4 GTCO 27.2 27.05 -0.15 -0.55
5 JAPAULGOLD 0.49 0.5 0.01 2.04


TOP GAINERS
S/n Equity Prev Price Closing Price CHG % CHG
1 UNITYBNK 0.52 0.57 0.05 9.615
2 FTNCOCOA 0.46 0.5 0.04 8.696
3 CORNERST 0.48 0.52 0.04 8.333
4 CHAMS 0.2 0.21 0.01 5.000
5 SOVRENINS 0.24 0.25 0.01 4.167


TOP LOSERS
S/n Equity Prev Price Closing Price CHG % CHG
1 ETERNA 7.2 6.52 -0.68 -9.444
2 SCOA 1.17 1.06 -0.11 -9.402
3 INTBREW 5 4.8 -0.2 -4.000
4 HONYFLOUR 4.07 3.91 -0.16 -3.931
5 UBN 5 4.85 -0.15 -3.000



Analyst View

Naira appreciated marginally at the official window from its previous rate of N412.08/$1 to a new  N411.79/$1 as of Thursday, September 16, 2021 however, the Naira depreciated further at the black market-end of the market to N560/1$ from the previous N557/$1. The Naira will definitely exceed  N600/$1 before the end of the year, Nigerians should explore local alternatives as the cost of foreign inputs is now over the roof. The fallen value of the Naira at the black market rides on hoarding and speculative purchases.