The Nigerian Stock Exchange closed the Tuesday trading day of September 28th, 2021, on a negative note, thereby extending the previous day's losses. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed flat with 16 Gainers and 16 Losers in yesterday's session.
The NGX ASI closed at 38,858.99 points, to reflect a loss of 0.01% from the previous trading day, Investors loss 2.78 billion. At the close of the market on Tuesday, 28th of September 2021, the stock exchange Equities declined by 0.01% to N20.25 billion, the Bond market capitalization notched higher by 0.64% to N18.39 billion. Exchange-Traded Fund (ETF) also got a hit and edged higher by 3.12% bringing the Capitalisation to N12.18 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at –3.51%.
| MARKET SNAPSHOT |
| S/n |
INDICES |
Closing Price |
% CHG |
| 1 |
ALL SHARE INDEX |
38,858.99 |
-0.01 |
| 3 |
Equity Cap (N'Tn) |
20,245,800,760,000.50 |
-0.01 |
| 4 |
BOND CAP (N'Tn) |
18,391,920,474,665.90 |
0.640 |
| 5 |
ETF CAP (N'Bn) |
12,177,001,465.87 |
3.120 |
| TOP GAINERS |
| S/n |
Equity |
Closing Price |
% CHG |
| 1 |
SKYAVN |
4.45 |
9.877 |
| 2 |
WEMABANK |
0.82 |
5.128 |
| 3 |
FLOURMILL |
29.9 |
1.874 |
| 4 |
UCAP |
8.7 |
1.754 |
| 5 |
JAIZBANK |
0.59 |
1.724 |
| TOP LOSERS |
| S/n |
Equity |
Closing Price |
% CHG |
| 1 |
MANSARD |
2.7 |
-9.699 |
| 2 |
AFRIPRUD |
5.85 |
-8.594 |
| 3 |
REGALINS |
0.41 |
-6.818 |
| 4 |
TRIPLEG |
0.9 |
-6.250 |
| 5 |
COURTVILLE |
0.33 |
-5.714 |
| MOST TRADED VOLUME |
|
| S/n |
Equity |
Current Volume Traded |
| 1 |
HONEYFLOUR |
402,184,903.00 |
| 2 |
UBA |
402,184,903.00 |
| 3 |
TRANSCOP |
9,471,634.0000 |
| 4 |
FIDELITY |
9,151,378.0000 |
| 5 |
WEMABANK |
8,712,409.0000 |
Analyst View
Naira appreciated by 0.08% at the official window from its previous rate of N414.83/$1 to a new N414.50/$1 as of Tuesday, September 28, 2021. The naira gain at the official market continued despite a 2.4% drop in dollar supply. However, the Naira appreciated marginally to N573/1$. 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.
Activities of currency speculators and forex scarcity continue to hit the foreign exchange market as deposit money banks start to comply with the CBN directive to publish the names, BVN, and account numbers of forex defaulters.
SOURCE:
NSE
2 Weeks
3 hours per week
