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October 15, 2021

The Nigerian Stock Exchange closed Thursday trading session of October 14th, 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 21 Gainers and  15 Losers in yesterday's session.


The NGX ASI closed at 41,129.98 points, to reflect a gain of 0.19% from the previous trading day gain of 0.38%, Investors gained N44.06 billion. At the close of the market on Thursday, 14th of October 2021, the stock exchange Equities gained 0.19 % to N21.4 billion, the Bond market capitalization declined by 0.07% to N19.11 billion. Exchange-Traded Fund (ETF) also depreciated the first time in the week by 0.03% to N7.08 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at +2.13%.

MARKET SNAPSHOT  
S/n INDICES Closing Price % CHG
1 ALL SHARE INDEX 41,129.98.0000000000 0.190
3 Equity Cap (N'Tn) 21,432,239,627,281.80 0.190
4 BOND CAP (N'Tn) 19,112,070,942,613.60 -0.07
5 ETF CAP (N'Bn) 7,087,614,488.2600000 -0.03




TOP GAINERS
S/n Equity Previous Price Closing Price % CHG
1 CHAMPION 2.780 3.050 9.710
2 AFRIPUD 6.400 6.900 7.813
3  FBNH  10.95 11.75 7.306
4 UNIVINSURE 0.210 0.220 4.762
5  CHAMS  0.230 0.240 4.348





TOP LOSERS
S/n Equity Previous Price Closing Price % CHG
1 LEARNAFRCA 1.40 1.26 -10.000
2 ETI 7.35 6.75 -8.1630
3 WAPIC 0.50 0.47 -6.0000
4 LINKASSURE 0.60 0.57 -5.0000
5 NEM 2.02 1.93 -4.4550





 MOST TRADED VOLUME 
 S/n   Equity   Volume Traded   Value Traded 
1  FBNH                             602,768,564.00                              7,111,934,085.65
2  GTCO                              63,749,288.00                              1,811,033,414.35
3  CHAMPION                              37,684,373.00                                114,841,679.31
4  UNIVINSURE                              21,909,509.00                                    4,567,506.24
5  UBA                              21,174,295.00                                176,701,388.65




Analyst View
Naira depreciated significantly by 1.68% at the official window from its previous rate of N415.10/$1 to a new  N422.07/$1 as of Thursday, October 14th, 2021. The Naira also depreciated at the parallel from the previous price of N568/1$ to a new N573/$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: NGX
IMAGE SOURCE:PIXABAY