Nigeria Market Trends (22nd Nov., 2021)

The Nigerian Stock Exchange closed the Friday trading session of November 19th, 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 11 Gainers and 22 Losers in yesterday's session.

The NGX ASI closed at 43,199.27 points, to reflect a loss of 0.20% from the previous trading day loss of  0.22%. At the close of the market on Friday 19th of November 2021, the stock exchange Equities lost 0.20% to close at N22,544.193 billion, the Bond market capitalization also dipped by 0.06 to close at  N19.32 billion. Exchange-Traded Fund (ETF) however gained 0.36% closing at N7.394 billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at+7.29%.
 

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	43,199.2700000000000	-0.20
3	Equity Cap (N'Tn)	22,544,193,872,996.20	-0.20
4	BOND CAP (N'Tn)	19,312,702,906,813.40	-0.06
5	ETF CAP (N'Bn)	7,394,823,753.760000	0.360

S/n	Equity	Closing Price	% CHG
1	UNITYBANK	0.550	10.00
2	REGALINS	0.390	5.405
3	VITAFOAM	21.91	4.833
4	CHAMS	0.220	4.762
5	FTNCOCOA	0.440	4.762

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S/n	Equity	Closing Price	% CHG
1	ETERNAL	6.650	-9.029
2	NGXGROUP	15.95	-8.857
3	LASACO	1.050	-7.080
4	UPDCREIT	5.600	-6.667
5	WEMABANK	0.810	-4.706

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	GTCO	49,927,274.00	1,264,716,504.00
2	FBNH	14,084,144.00	29,435,703.2800
3	ACCESS	17,487,331.00	155,990,843.200
4	NB	7,629,901.000	390,551,795.700
5	FIDELITYBANK	7,552,134.000	19,564,701.5200

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	GTCO	49,927,274.00	1,264,716,504.00
2	FBNH	14,084,144.00	29,435,703.2800
3	ACCESS	17,487,331.00	155,990,843.200
4	NB	7,629,901.000	390,551,795.700
5	FIDELITYBANK	7,552,134.000	19,564,701.5200

Analyst View
Naira gained against the US dollar at the official window on Friday 19th of November by 0.1% to N414.4/$1 when compared to the previous period rate of N414.8/$1. However, the Naira traded flat at the parallel market closing at N546/$1 when compared to the previous rate of N546/$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 closed at $41.42 billion as of Thursday 18th November 2021.

SOURCE: NGX
IMAGE SOURCE:PIXABAY