Nigeria Market Trends (21st Oct., 2021)

October 21, 2021

The Nigerian Stock Exchange closed the Wednesday trading session of October 20th, 2021, on a positive note, with measured indices turning green. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 21Gainers and 19 Losers in yesterday's session.

The NGX ASI closed at 41,249.71 points, to reflect a gain of 0.26% from the previous trading day gain of -0.71%, Investors gained N54.81 billion. At the close of the market on Wednesday, 20th of October 2021, the stock exchange Equities gained 0.26 % to N21.5 billion, the Bond market capitalization declined by 0.01% to N19.12 billion. Exchange-Traded Fund (ETF) was flat at closing at N7.06 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +2.43%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	41,249.7100000000000	0.26
3	Equity Cap (N'Tn)	21,526,441,083,419.40	0.26
4	BOND CAP (N'Tn)	19,128,006,535,040.70	0.01
5	ETF CAP (N'Bn)	7,062,238,917.1900000	0.00

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	NGXGROUP	21.45	10.28
2	GLAXOSMITH	7.000	6.870
3	NPFMCRFBK	1.810	5.848
4	WAPIC	0.500	4.167
5	FBNH	12.20	3.830

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	PRESTIGE	0.43	-8.511
2	CHIPLC	0.55	-8.333
3	ACADEMY	0.33	-8.333
4	CADBURY	8.50	6.2500
5	UBN	5.00	-5.660

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	147,601,710.00	1,756,369,828.65
2	ETRANZACT	105,166,888.00	215,593,550.400
3	ACCESS	27,854,834.000	265,973,090.300
4	TRANSCORP	22,292,997.000	22,782,508.7100
5	GTCO	20,595,381.000	612,908,183.400

Analyst View
Naira appreciated further against the US dollar by 0.16% at the Wednesday trading session after recovering from the major slump of last week and the Monday previous rate of N414.73/$1 to a new N414.07/$1. The Naira traded at the parallel opening at N572/1$ and appreciated by 0.17% to close the day at 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. However, the recently raised Eurobonds may likely moderate the sliding effect.

SOURCE: NGX
IMAGE SOURCE:PIXABAY