Nigeria Market Trends (12th Nov., 2021)

November 12, 2021

The Nigerian Stock Exchange closed the Thursday trading session of November 11th, 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 10 Gainers and 18 Losers in yesterday's session.

The NGX ASI closed at 43,549.28 points, to reflect a loss of 0.36% from the previous trading day gain of 0.05%, Investors loss N82.46 billion from Thursday trading. At the close of the market on Thursday 11th of November 2021, the stock exchange Equities lost 0.41% to N22,726.85 billion, the Bond market capitalization gained 0.05% to close at N19.38 billion. Exchange-Traded Fund (ETF) gained by 3.85% closing at N7.435 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +8.14%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	43,549.28	-0.41
3	Equity Cap (N'Tn)	22,726,855,868,325.20	-0.41
4	BOND CAP (N'Tn)	19,377,866,384,633.50	0.05
5	ETF CAP (N'Bn)	7,435,691,187.86	3.85

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	UNITYBANK	0.59	7.27
2	FTNCOCOA	0.42	5.000
3	UNIVINSURE	0.22	4.762
4	WAPCO	25.5	2.616
5	UPDC	1.69	2.424

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	CORNEST	0.52	-8.772
2	CUTIX	5.7	-8.065
3	REGALINS	0.38	-7.317
4	ETRANZACT	1.9	-7.317
5	LASACO	1.06	-5.357

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	28,155,159.00	322,074,450.80
2	TRANSCORP	23,505,886.00	23,505,977.87
3	ZENITHBANK	12,521,490.00	301,202,590.90
4	ACCESS	9,289,303.00	86,959,543.35
5	STERLNBANK	8,296,307.00	12,460,536.00

Analyst View
Naira closed flat at the official window on Thursday 11th of November to N414.73/$1 when compared to the previous period rate that appreciated by 0.08% to the same value of N415.07/$1. Similarly, the Naira also traded flat at the parallel market closing at the previous day value of N535/$1. The Naira is significantly trailing the Dollar by a wide margin due to the import-dependent structure of the Nigerian economy. However, the Naira has been appreciating against the dollar in recent days due to some steps being taken by the CBN and the recently raised Eurobonds that have moderated the sliding effect. The fallen value of the Naira at the black market rides on hoarding and speculative purchases.

The Foreign exchange declined by 0.05% to close at $41.56 billion as of Wednesday 10th November 2021.