Nigeria Market Trends (13th Oct., 2021)

October 13, 2021

The Nigerian Stock Exchange closed the Tuesday trading session of October 12th, 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 27 Gainers and 13 Losers in yesterday's session.

The NGX ASI closed at 40,896.96 points, to reflect a gain of 0.45% from the previous trading day loss of -0.38%, Investors gained N95.46 billion. At the close of the market on Tuesday, 12th of October 2021, the stock exchange Equities gained 0.45% to N21.31 billion, the Bond market capitalization however remained flat at N19.13 billion. Exchange-Traded Fund (ETF) increased marginally by 0.01% to N7.07 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +1.56%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	40,896.96	0.45
3	Equity Cap (N'Tn)	21,310,816,539,589.20	0.45
4	BOND CAP (N'Tn)	19,125,741,926,250.20	0.00
5	ETF CAP (N'Bn)	7,069,486,874.41	0.01

TOP GAINERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	CHAMPION	2.3	2.53	10.00
2	CORNEREST	0.51	0.56	9.804
3	FBNH	9.7	10.65	9.794
4	SOVERENIN	0.22	0.24	9.091
5	LIVINGTRUST	0.67	0.73	8.955

TOP LOSERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	CHIPLC	0.59	0.55	-6.780
2	JAPAULGOLD	0.48	0.45	-6.250
3	NEM	2.1	2.02	-3.810
4	IKEJAHOTEL	1.14	1.1	-3.509
5	OANDO	5.2	5.02	-3.462

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	317,275,556.00	3,294,128,973.20
2	CHAMPION	49,918,180.00	126,292,995.40
3	ETI	38,050,165.00	269,207,908.05
4	UBA	22,538,078.00	181,400,701.50
5	FIDELITYBK	16,555,119.00	43,354,161.67

Analyst View
Naira appreciated by 0.02% at the official window from its previous rate of N414.40/$1 to a new N414.30/$1 as of Tuesday, October 12, 2021. The Naira also dropped by 1.1% at the parallel market to N568/1$ compared to the previous N574.50/$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