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October 14, 2021

The Nigerian Stock Exchange closed Wednesday trading session of October 13th, 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 29 Gainers and  14 Losers in yesterday's session.


The NGX ASI closed at 41,051.19 points, to reflect a gain of 0.38% from the previous trading day gain of 0.45%, Investors gained N80.36 billion. At the close of the market on Wednesday, 13th of October 2021, the stock exchange Equities gained 0.38% to N21.4 billion, the Bond market capitalization declined by 0.01% to N19.12 billion. Exchange-Traded Fund (ETF) appreciated the first time in the week by 0.29% to N7.09 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at +1.94%.

MARKET SNAPSHOT  
S/n INDICES Closing Price % CHG
1 ALL SHARE INDEX 41,051.19 0.38
3 Equity Cap (N'Tn) 21,391,180,932,904.70 0.38
4 BOND CAP (N'Tn) 19,124,716,293,693.20 -0.01
5 ETF CAP (N'Bn) 7,090,024,488.26 0.29


TOP GAINERS
S/n Equity Previous Price Closing Price % CHG
1 TRANSCOHOT 5.43 5.97 9.94
2 CHAMPION 2.53 2.78 9.881
3  CHIPLC  0.55 0.6 9.091
4 OKOMUOIL 115.5 125 8.225
5  UPL  1.5 1.6 6.667


TOP LOSERS
S/n Equity Previous Price Closing Price % CHG
1 FTNCOCA 0.5 0.46 -8.000
2 ABCTRANS 0.34 0.32 -5.882
3 REGALINS 0.4 0.38 -5.000
4 IKEJAHOTEL 1.1 1.05 -4.545
5 UNIVINSURE 0.22 0.21 -4.545



 MOST TRADED VOLUME 
 S/n   Equity   Volume Traded   Value Traded 
        1  FBNH             148,354,222.00            1,672,289,968.65
        2  UNIVINSURE               46,170,356.00                  9,705,714.76
        3  ETI               42,551,212.00               316,092,067.45
        4  GTCO               32,605,359.00               923,010,070.10
        5  FIDELITYBK               19,731,635.00                 53,188,213.49



Analyst View
Naira depreciated by 0.2% at the official window from its previous rate of N414.300/$1 to a new  N415.10/$1 as of Wednesday, October 113th, 2021. The Naira also closed flat at the parallel market maintaining the previous price of N568/1$. The Naira is significantly trailing the Dollar by a wide margin 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