Nigeria Market Trends (3rd Nov., 2021)

November 3, 2021

The Nigerian Stock Exchange closed the Tuesday trading session of November 2nd, 2021, on a positive note, with some of the measured indices turning green. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 10 Gainers and 30 Losers in yesterday's session.

The NGX ASI closed at 42,013.39 points, to reflect a gain of 0.09% from the previous trading day previous 0.15%, Investors gained N19.10 billion. At the close of the market on Tuesday 2nd of November 2021, the stock exchange Equities gained 0.09% to N21.93 billion, the Bond market capitalization lost 1.53% to N19.06 billion. Exchange-Traded Fund (ETF) also lost 3.27% closing at N6.92 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +4.33%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	42,013.39	0.09
3	Equity Cap (N'Tn)	21,925,327,980,745.20	0.09
4	BOND CAP (N'Tn)	19,063,135,792,897.10	-1.53
5	ETF CAP (N'Bn)	6,924,843,932.58	-3.27

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	INTBREW	5.7	9.62
2	LASACO	1.17	8.333
3	LINKASSURE	0.57	7.547
4	CHAMS	0.24	4.348
5	OANDO	4.84	4.086

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	UACN	10.2	-9.735
2	FTNCOCOA	0.42	-8.696
3	FBNH	10	-6.977
4	UNITYBK	0.54	-6.897
5	CHIPLC	0.56	-6.667

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	UBA	52,580,096.00	446,923,936.10
2	FBNH	30,496,768.00	313,805,966.75
3	ZENITH	29,899,207.00	747,641,018.65
4	CHAMS	15,455,374.00	3,524,430.94
5	TRANSCORPS	14,080,825.00	14,439,109.55

Analyst View
Naira fell against the dollar by 0.02% at the official window on Tuesday to N415.07/$1 when compared to the previous period rate of N414.98/$1. However, the Naira traded flat against the dollars at maintaining the previous rate at 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.

The Foreign exchange declined to close at $41.79 billion as of Tuesday 2nd November 2021.