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Nigeria Market Trends (20th Jan., 2022)

January 20, 2022


Trending News
Fuel pump price,  there are speculations that the FGN plans to remove fuel subsidy  in 2022 and lift the pump price of Petrol from the current N162/163 per litres up by 100%, however, government sources have not confirmed 


Inflation report, market analysts were surprised by the December inflation figures reported by the Burea of Statistics NBS. It reported that Nigeria’s consumer price index rose by 15.63% year-on-year in December 2021, compared to the rate of increase recorded in the preceding month (November 2021 – 15.4%). This is an uptick compared to the last 8-months declining trend. 


AFCON 2022, The Nigerian Super Eagles advanced to a group of 16 in the African Nations Cup winning the 3 initial group matches a fit last achieved 16 years ago


Stock Market, The Nigerian stock exchange (NGX)closed yesterday trading in a bullish trend with investors taking high positive stakes amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 173 basis points. The NGX ASI closed at 45,430.14 points, to reflect a growth of 1.73% from the previous trading day and breaking a new high since September 29, 2008. Year-to-Date (YTD) return stands at 6.35%, while the market capitalization increased by N417 billion.





STOCK MARKET SNAPSHOT  AS OF 19-01-2022 
S/n INDICES Closing Price
1 ALL SHARE INDEX 45,340.14000000000
3 Equity Cap (N'Tn) 24,476,918,259,547.6
4 BOND CAP (N'Tn) 19,778,838,911,983.7
5 ETF CAP (N'Bn) 7,475,778,304.68000



TOP 5 EQUITY PRICE LEADERS AS OF 19-01-2022 
S/n Equity Previous Price Closing Price CHG % CHG
1 TELAFRI 1050 1155 105 10.00
2 CORNEREST 0.50 0.530 0.03 6.000
3 COURTVILLE 0.38 0.400 0.02 5.263
4 UBN 5.60 5.850 0.25 4.464
5  SEPLAT  6900 72000 30.0 4.348



 MOST TRADED EQUITIES BY VOLUME AS OF 19-01-2022  
 S/n   Equity   Volume Traded   Value Traded 
1  GTCO              25,456,346.00           649,356,251.40
2  DANGCEM              24,453,030.00        6,481,353,849.0
3  FBNH              23,094,320.00           277,150,098.30
4  FIDELITYBK              21,137,645.00             57,157,543.480
5  FCMB              12,932,757.00             38,790,482.47




  FX MARKET INDICATORS AS OF 01-20-22
 
OFFICIAL FX MARKET 
    Current ($) Previous (%) Change % CHG
1 I&E FX Window 416.33 415.32 1.010 0.240
2 NAFEX (as of 17-01-22) 415.37 415.99 -0.62 -0.15
 

Parallel Market
 
  Currency Buy Sell Change  
1 USD 567 570 3.0  
2 EURO 640 650 10  
3 Pounds 765 770 5.0  



NIBOR- NIGERIA INTERBANK OFFER RATE as of Monday 19-01-2022
Tenor Current % Change (%)
O/N 15.0000 -0.40
1-Mnth 9.75090 0.00
3-Mnth 10.8438 -0.09
6-Mnth 10.8886 -0.24











SOURCE: NGX& FMDQ
I
MAGE SOURCE: PIXABAY