Nigeria Market Trends (22nd Oct., 2021)

October 22, 2021

The Nigerian Stock Exchange closed the Thursday trading session of October 21st, 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 23Gainers and 16 Losers in yesterday's session.

The NGX ASI closed at 41,704.11 points, to reflect a gain of 1.1% from the previous trading day gain of 0.26%, Investors gained N237.13 billion. At the close of the market on Thursday, 21st of October 2021, the stock exchange Equities gained 1.1% to N21.8 billion, the Bond market capitalization declined marginally by 0.01% to N19.13 billion. Exchange-Traded Fund (ETF) however gained marginally closing at N7.07 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +3.56%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	41,704.1100000000000	1.10
3	Equity Cap (N'Tn)	21,763,572,279,591.60	1.10
4	BOND CAP (N'Tn)	19,127,171,565,811.80	0.00
5	ETF CAP (N'Bn)	7,070,807,826.1900000	0.12

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	CUTIX	5.500	10.00
2	NGXGROUP	23.55	9.790
3	CHIPL	0.600	9.091
4	NB	51.45	7.411
5	BUACEMENT	72.00	6.116

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	TIP	0.43	-8.511
2	NEIMETH	1.76	-4.865
3	UNIVINSURE	0.20	-4.762
4	NAHCO	3.47	-3.611
5	ROYALEX	0.55	-3.509

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	51,915,381.00	628,328,003.80
2	ETI	20,019,916.00	143,690,535.50
3	TRANSCOP	14,645,821.00	14,974,142.810
4	ACCESS	13,034,388.00	124,228,342.40
5	FIDELITY	12,480,690.00	34,160,372.880

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