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November 29, 2021

The Nigerian Stock Exchange closed the Friday trading session of November 29th, 2021, on a positive note, with most 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 18 Gainers and 22 Losers in yesterday's session.

The NGX ASI closed at 43,308.29 points, to reflect a gain of 0.46% from the previous trading day period loss of 0.32%, Investors gained N54.02 billion from Friday trading. At the close of the market on Friday 26th of November 2021, the stock exchange Equities loss 0.46% to N22,598.21 billion, the Bond market capitalization was flat closing at N19.382.41 billion. Exchange-Traded Fund (ETF) loss by 0.06% closing at N7.470billion. The Markets  Year-to-Date (YTD) return, however, is currently settled at +7.54%.


S/n Closing Price % CHG
1 43,308.290000000000 0.460
3 22,598,214,203,643.80 -0.46
4 19,382,419,435,198.40 0.000
5 7,466,440,849.5800000 -0.06

S/n Equity Closing Price % CHG
1 ROYALEX 0.50 10.050
2 ABCTRANS 0.33 10.000
3 AIICO 0.70 9.3750
4 UPL 2.94 8.8890
5  REGALINS  0.42 7.6920

S/n Equity Closing Price % CHG
1 UPDCREDIT 5.05 -9.821
2 CHAMPION 2.55 -5.904
3 UPDC 1.31 -5.072
4 FTNCOCOA 0.40 -4.762
5 VERITASKAP 0.21 -4.545

 S/n   Equity   Volume Traded   Value Traded 
1  FCMB                   81,049,621.00              247,846,430.66
2  GTCO                   29,528,684.00              738,316,343.80
3  ACCESS                   28,109,467.00              253,848,149.80
 4  HONEYFLOUR                   16,837,888.00               70,202,728.16
5  ZENITHBANK                   13,154,982.00              320,167,585.90

Analyst View

Naira exchange rate was flat at the official window against the Dollar on Friday 29th of November to N415.07/$1.  The Naira also traded flat at the parallel market closing at the previous day value of N560/$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.