Nigeria Market Trends (29th Oct., 2021)

October 29, 2021

The Nigerian Stock Exchange closed the Thursday trading session of October 28th, 2021, on a positive note. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 23 Gainers and 14 Losers in yesterday's session.

The NGX ASI closed at 41,961.14 points, to reflect a gain of 0.41% from the previous trading day's loss of 0.06%. At the close of the market on Thursday, 28th of October 2021, the stock exchange Equities hinged up by 0.41% to N21.89 billion, the Bond market capitalization appreciated significantly by 1.16% to close at N19.36 billion. Exchange-Traded Fund (ETF) was flat closing at N6.85 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +4.11%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	41,961.1400000000000	0.41
3	Equity Cap (N'Tn)	21,898,059,471,024.70	0.41
4	BOND CAP (N'Tn)	19,364,471,156,47100	1.16
5	ETF CAP (N'Bn)	6,850,914,627.060000	0.00

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	GUINESS	33.00	10.000
2	UPL	1.980	10.000
3	CADBURY	8.800	10.000
4	AIICO	1.130	9.7090
5	NB	54.25	6.3730

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	MANSARD	2.34	-6.024
2	JAPAULGOLD	0.43	-4.444
3	COURTVILLE	0.44	-4.348
4	MBENEFIT	0.28	-3.448
5	LASACO	1.17	-2.500

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	6,850,914,627.06	1,872,995,970.90
2	TRANSCORP	115,685,377.000	123,899,249.280
3	CILEASING	63,441,557.0000	291,824,211.450
4	UBA	60,027,017.0000	509,397,315.750
5	ACCESS	28,970,883.0000	273,322,117.000

Analyst View
Naira depreciated marginally against the US dollar by 0.01% at the Thursday trading session to N415.10/$1 when compared to the previous rate of N415.07/$1. The Naira appreciated against the US dollar at the parallel market closing at N560/$1 when compared to the previous rate of N570/1$.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