The Nigerian Stock Exchange closed the Wednesday trading session of November 17th, 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 14 Gainers and 21 Losers in yesterday's session.

The NGX ASI closed at 43,349.90 points, to reflect a loss of 0.22% from the previous trading day gain of  0.49%, Investors loss N49.21 billion from Wednesday trading. At the close of the market on Wednesday 17th of November 2021, the stock exchange Equities lost 0.22% to N22,622.804 billion, the Bond market capitalization loss to close at N19.323 billion. Exchange-Traded Fund (ETF) gained by 3.85% closing at N7.348 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at +7.65%.

         

MARKET SNAPSHOT
S/n	INDICES	Closing Price
1	ALL SHARE INDEX	43,349.9000000000000
3	Equity Cap (N'Tn)	22,622,804,392,565.50
4	BOND CAP (N'Tn)	19,323,738,220,399.40
5	ETF CAP (N'Bn)	7,348,223,590.530000

 

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	ABCTRANS	0.33	10.00
2	CHAMS	0.23	4.545
3	CUTIX	3.25	0.619
4	WEMABANK	0.87	2.353
5	TRANSCORP	0.99	2.062

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	JAPAULGOLD	0.4	-9.091
2	NEIMETH	1.8	-9.091
3	UNITYBANK	0.54	-8.475
4	CHIPLC	0.57	-8.065
5	UNILEVER	13.5	-7.534

 

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	68,611,667.00	856,175,177.15
2	INTBREW	36,694,419.00	201,822,878.05
3	GTCO	24,220,921.00	644,043,798.40
4	UNITYBANK	9,508,750.00	5,144,511.5000
5	ACCESS	9,465,683.00	87,280,933.450

Analyst View
Naira closed the flat at the official window on Wednesday 17th of November to N415.1/$1 when compared to the previous period rate of N415.1/$1. Similarly, the Naira also traded flat at the parallel market closing at the previous day value of N545/$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 reserve declined from the previous day's value of $41.46 billion to close at $41.43 billion as of Wednesday 17th November 2021.

 

 

SOURCE: NGX
IMAGE SOURCE:PIXABAY