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Nigeria Market Trends (7th Oct., 2021)

October 7, 2021

The Nigerian Stock Exchange closed the Wednesday trading session of October 6th, 2021, on an exciting positive note, with all measured indices turning green. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 18 Gainers and  19 Losers in yesterday's session.
 

The NGX ASI closed at 40,765.20 points, to reflect a gain of 1.12% from the previous trading day gain of 1.18%, Investors gained N25.29 billion. At the close of the market on Wednesday, 6th of October 2021, the stock exchange Equities gained 1.12% to N21.24 billion, the Bond market capitalization stood at N19.06 billion. Exchange-Traded Fund (ETF) also hinged higher to N7.08 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at +1.23%.

MARKET SNAPSHOT  
S/n INDICES Closing Price
1 ALL SHARE INDEX 40,765.20
3 Equity Cap (N'Tn) 21,242,038,658,702.00
4 BOND CAP (N'Tn) 19,056,267,360,605.30
5 ETF CAP (N'Bn) 7,076,510,613.81


TOP GAINERS
S/n Equity Previous Price Closing Price % CHG
1 FBNH 9 9.75 8.333
2 UPL 1.22 1.31 7.377
3 NNFM 7.7 8.21 6.623
4 LIVESTOCK 2.23 2.35 5.381
5  UNIVINSURE  0.2 0.21 5.000


TOP LOSERS
S/n Equity Previous Price Closing Price % CHG
1 PHARMADEKO 2.83 2.66 -6.007
2 ABCTRANS 0.35 0.33 -5.714
3 REGALINS 0.41 0.39 -4.878
4 CHAMS 0.22 0.21 -4.545
5 SOVERENINS 0.24 0.23 -4.167


 MOST TRADED VOLUME 
 S/n   Equity   Volume Traded   Value Traded  % CHG
1 FBNH            108,741,273.00       1,072,504,475.95 886.29
2  TRANSCOP               39,676,468.00            38,380,563.67 -3.27
3  ETI               32,783,162.00          189,906,945.20 479.28
4  UBA               25,269,034.00            12,114,820.00 -52.06
5  FIDELITYBK               19,897,564.00            51,237,780.73 157.51




Analyst View
Naira depreciated by 0.10% at the official window from its previous rate of N414.30/$1 to a new  N414.73/$1 as of Wednesday, October 6, 2021. However, the Naira remained flat at the parallel market to  N575/1$ at the same spot it was previously N577/$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





 











SOURCE: NSE
IMAGE SOURCE:PIXABAY