Nigeria Market Trends (11th Oct., 2021)

October 11, 2021

The Nigerian Stock Exchange closed Friday and the week's trading session of October 8th, 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 23 Gainers and 16 Losers in yesterday's session.

The NGX ASI closed at 40,868.36 points, to reflect a gain of 0.10% from the previous trading day gain of 0.16%, Investors gained N340.29 billion. At the close of the market on Friday, 8th of October 2021, the stock exchange Equities gained 1.61% to N21.30 billion, the Bond market capitalization also gained 0.01% to N19.06 billion. Exchange-Traded Fund (ETF) remained flat at the close of the week's trading, tanking at N7.07 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +1.48%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	40,868.36	0.10
3	Equity Cap (N'Tn)	21,295,795,768,832.20	0.10
4	BOND CAP (N'Tn)	19,056,690,107,317.80	0.01
5	ETF CAP (N'Bn)	7,068,915,613.81	0.00

TOP GAINERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	UPL	1.44	1.58	9.722
2	SOVERENINS	0.22	0.24	9.091
3	CAVERTON	1.58	1.68	6.329
4	MPFMCRFBK	1.71	1.8	5.263
5	REGALINS	1.38	1.4	1.449

TOP LOSERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	ACADEMY	0.39	0.36	-7.692
2	AFRIPUD	6.6	6.2	-6.061
3	HONYFLOUR	3.76	3.56	-5.319
4	JAIZBANK	0.6	0.58	-3.333
5	MBENEFIT	0.31	0.3	-3.226

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	154,679,684.00	1,542,461,455.95
2	GTCO	17,328,892.00	495,234,754.90
3	FIDELITY	13,787,462.00	35,865,966.86
4	TRANSCORP	12,503,382.00	12,138,722.86
5	ETI	11,548,880.00	72,018,232.70

Analyst View
Naira appreciated by 0.09% at the official window from its previous rate of N414.73/$1 to a new N414.30/$1 as of Friday, October 8, 2021. The Naira traded flat at the parallel market segment maintaining its previous N570/1$ rate. 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