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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