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September 23, 2021

The Nigerian Stock Exchange closed the Wednesday trading day September 22nd, 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, investors lost N11.02 billion as the benchmark All-Share Index (ASI) depreciated by 5 basis points.

The NGX ASI closed at 38,852.69 points, to reflect a dip of 0.05% from the previous trading day. At the close of the market yesterday, Wednesday 21st of September 2021, the stock exchange Equity lost the previous day gain and declined by 0.05% to N20.242 billion, the Bond market capitalization also got a hit deepening by 0.01% to N18.3 billion. However, the Exchange Traded Fund (ETF) Capitalisation was positive growing by a significant 4.36% to N11.8 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at –3.52%.



MARKET SNAPSHOT    
S/n INDICES Closing Price % CHG
1 ALL SHARE INDEX 38,852.69 -0.05
3 Equity Cap (N'Tn) 20,242,518,981,939.70 -0.05
4 BOND CAP (N'Tn) 18,275,618,357,593.40 -0.01
5 ETF CAP (N'Bn) 11,806,520,414.72 4.360




TOP GAINERS
S/n Equity Previous Price Closing Price CHG % CHG
1 TRANSCOHOT 4.500 4.950 0.45 10.000
2 PHARMADEKO 1.620 1.780 0.16 9.8770
3 CONOIL 23.25 24.55 1.30 5.5910
4 CORNERST 0.490 0.530 0.04 8.1630
5 NEM 1.900 2.000 0.10 5.2630




TOP LOSERS
S/n Equity Previous Price Closing Price CHG % CHG
1 VERITASKAP 0.23 0.21 -0.02 -8.6960
2 UCAP 9.99 8.55 -1.44 -14.414
3 CHAMS 0.22 0.21 -0.01 -4.5450
4 ACCESS 8.90 8.60 -0.30 -3.3710
5 JAPAULGOLD 0.47 0.46 -0.01 -2.1280



MOST TRADED VOLUME
S/n Equity Volume Traded
1 UNIVINSURE             19,040,500.00
2 UBA             18,778,552.00
3 ZENITHBANK             11,757,422.00
4 GTCO             10,015,581.00
5 UCAP               8,519,588.000




Analyst View
Naira appreciated marginally at the official window from its previous rate of N413.28/$1 to a new  N413.18/$1 as of Wednesday, September 22, 2021 however, the Naira appreciated further at the black market-end of the market to N572/1$ from the previous N575/$1. The Naira is most likely to slide against the USD in days to come as the financial market is still troubled and Nigeria has little or no local alternatives to many imported items. The fallen value of the Naira at the black market rides on hoarding and speculative purchases.