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September 30, 2021

The Nigerian Stock Exchange closed the Wednesday trading session of September 29th, 2021, on an exciting positive note, the market bounced back into profits. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 24 Gainers and  13 Losers in yesterday's session.

The NGX ASI closed at 39,592.29 points, to reflect a gain of 1.89% from the previous trading day loss of -0.01%, Investors gained a huge N382.06 billion. At the close of the market on Wednesday, 29th of September 2021, the stock exchange Equities gained 1.89% to N20.63 billion, the Bond market capitalization notched higher by 0.04%  to N18.40 billion. Exchange-Traded Fund (ETF) also got a hit and edged lower by -1.35% bringing the Capitalisation down to N12.012 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at –1.68%.

S/n INDICES Closing Price % CHG
1 ALL SHARE INDEX 39,592.29 1.89
3 Equity Cap (N'Tn) 20,627,856,001,577.10 1.89
4 BOND CAP (N'Tn) 18,398,534,992,947.90 0.04
5 ETF CAP (N'Bn) 12,012,401,663.97 -1.35

S/n Equity Closing Price % CHG
1 NNFM 8.55 6.875
2 FBNH 8.05 6.623
3 DANGEM 261 6.531
4 NESTLE 1489 6.357
5 COURTVILLE 0.35 6.061

S/n Equity Closing Price % CHG
1 MANSARD 2.43 -10.000
2 JBERGER 24.3 -10.000
3 VANLEER 5.45 -9.917
4 SOVERNINS 0.22 -8.333
5 CHIPLC 0.53 -7.018

 S/n   Equity   Current    Volume Traded 
1 FBNH              264,689,522.00
2  UNIVINSURE                 76,665,712.00
3  MANSARD                 13,075,906.00
4  ZENITHBANK                 12,114,820.00
5  FIDELITYBK                 11,228,840.00

Analyst View
Naira depreciated by 0.06% at the official window from its previous rate of N414.50/$1 to a new  N414.73/$1 as of Wednesday, September 29, 2021. The naira loss at the official market continued despite a 266.2% increase in dollar supply. However, the Naira depreciated marginally to N574/1$. 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.