Nigeria Market Trends (4th Nov., 2021)

November 4, 2021

The Nigerian Stock Exchange closed the Wednesday trading session of November 3rd, 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 13 Gainers and 18 Losers in yesterday's session.

The NGX ASI closed at 41,975.45 points, to reflect a loss of 0.09% from the previous trading day gain of 0.09%, Investors loss N19.80 billion. At the close of the market on Wednesday 3rd 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 +4.23%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	41,975.45	-0.09
3	Equity Cap (N'Tn)	21,905,526,093,364.40	-0.09
4	BOND CAP (N'Tn)	19,355,364,473,620.50	1.53
5	ETF CAP (N'Bn)	7,148,136,932.58	3.22

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	MULTIVERSE	0.22	10.00
2	UNIVINSURE	0.22	10.000
3	HONEYFLOUR	3.48	9.779
4	STERLNBK	1.58	8.219
5	WAPIC	0.51	6.250

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	LASACO	1.06	-9.402
2	SOVEREINS	0.22	-8.333
3	CHAMS	0.22	-8.333
4	ARDOVA	13.5	-7.534
5	LINKASSURE	0.53	-7.018

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	58,607,943.00	614,764,140.45
2	MULTIVERSE	32,079,738.00	6,442,030.03
3	MBENEFIT	21,553,106.00	5,257,344.77
4	STERLINBANK	18,481,864.00	28,151,124.45
5	TRANSCORPS	15,965,197.00	16,143,912.40

Analyst View
Naira appreciated against the dollar by 0.07% at the official window on Wednesday 3rd of November to N414.8/$1 when compared to the previous period rate of N415.07/$1. However, the Naira traded flat against the dollars at 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.

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

SOURCE: NGX
IMAGE SOURCE:PIXABAY