Nigeria Market Trends (19th Oct., 2021)

October 19, 2021

The Nigerian Stock Exchange closed the Monday trading session of October 18th, 2021, on a negative note, with measured indices turning red. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 19 Gainers and 15 Losers in yesterday's session.

The NGX ASI closed at 41,146.67 points, to reflect a gain of 0.71% from the previous trading day gain of 0.19%, Investors gained N153.15 billion. At the close of the market on Monday, 18th of October 2021, the stock exchange Equities lost 0.71 % to N21.5 billion, the Bond market capitalization declined by 0.02% to N19.13 billion. Exchange-Traded Fund (ETF) was flat at closing at N7.08 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +2.17%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	41,144.670000000000	-0.71
3	Equity Cap (N'Tn)	21,471,626,726,256.9	-0.71
4	BOND CAP (N'Tn)	19,126,383,175,867.70	-0.02
5	ETF CAP (N'Bn)	7,062,238,917.190000	0.000

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	NGXGROUP	19.95	12.39
2	IKEJAHOTEL	1.150	9.524
3	CUSTODIAN	7.850	7.534
4	HONYFLOUR	3.780	6.479
5	CHAMS	0.230	4.545

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	MAYBAKER	4.360	-8.017
2	ROYALEX	0.590	-7.813
3	NPFMCRFBK	1.7100	-7.568
4	FBNH	11.750	-7.480
5	MBENEFIT	0.280	-6.667

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	67,614,896.00	832,795,740.75
2	ACCESS	36,619,323.00	351,205,679.95
3	TRANSCORP	26,549,871.00	26,623,432.07
4	GTCO	25,563,059.00	755,248,988.40
5	FIDELITYBK	19,473,904.00	53,250,999.16

Analyst View
Naira appreciated further against the dollar by 0.08% at the Monday trading session after the major slump of last week, at the official window the Naira appreciated from its previous rate of N415.07/$1 to a new N414.73/$1. The Naira traded at the parallel opening at N573.5/1$ and appreciated by 0.09% to close the day at N572/$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