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Nigeria Market Trends (11th Nov., 2021)

November 11, 2021

The Nigerian Stock Exchange closed the Wednesday trading session of November 10th, 2021, on a negative note, with some of the measured indices turning red. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 16 Gainers and 18 Losers in yesterday's session.

The NGX ASI closed at 43,707.30 points, to reflect a loss of 0.05% from the previous trading day gain of  1.12%, Investors loss N12.14 billion from Wednesday trading. At the close of the market on Wednesday 10th of November 2021, the stock exchange Equities gained 1.12% to N22,821.45 billion, the Bond market capitalization remained flat at N19.37 billion. Exchange-Traded Fund (ETF) declined by 0.62% closing at N7.16 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at +8.53%.
 

MARKET SNAPSHOT  
S/n INDICES Closing Price % CHG
1 ALL SHARE INDEX 43,730.5500000000000 1.120
3 Equity Cap (N'Tn) 22,821,451,758,653.10 1.120
4 BOND CAP (N'Tn) 19,368,501,943,423.50 0.000
5 ETF CAP (N'Bn) 7,160,327,019.030000 -0.62




TOP GAINERS
S/n Equity Closing Price % CHG
1 ABCTRANS 0.33 10.00
2 FTNCOCOA 0.44 10.00
3 ARDOVA 14.55 7.380
4 UACN 11.25 7.143
5  LIVESTOCK  2.19 6.829



TOP LOSERS
S/n Equity Closing Price % CHG
1 BERGER 8.55 -9.524
2 CAVERTON 1.7 -9.091
3 UPL 2.13 -7.391
4 REGALINS 0.41 -6.818
5 CONOIL 21.7 -5.652



 

 MOST TRADED VOLUME 
 S/n   Equity   Volume Traded   Value Traded 
1  STERLNBANK                        83,312,950.00                     125,056,019.19
2  UACN                        34,207,385.00                     360,536,281.95
3  ZENITHBANK                        17,477,615.00                     427,157,003.15
4  UCAP                        17,450,023.00                     169,806,595.20
5  ACCESS                        15,272,567.00                     144,365,524.80



Analyst View
Naira appreciated against the dollar by 0.08% at the official window on Wednesday 10th of November to N414.73/$1 when compared to the previous period rate of N415..07/$1. However, the Naira gained massively against the dollars at the parallel market by 6.1% closing at N535/$1 from the previous 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 by 0.05% to close at $41.58 billion as of Tuesday 9th November 2021.

 







SOURCE: NGX
I
MAGE SOURCE:PIXABAY