Nigeria Market Trends: NSE Ends The Week In Red

A total turnover of 1.34 billion shares valued at N8.65 billion in 19,830 deals was traded in the week ending September 3rd, 2021.

Equity Market Performance

A total turnover of 1.34 billion shares valued at N8.65 billion in 19,830 deals was traded in the week ending September 3rd, 2021 by investors on the floor of the Exchange, compared to a total of 1.03 billion shares valued at N8.18 billion that exchanged hands at the upper week in 18,102 deals.

The leading sector remains the Financial Services Industry which led the activity chart by volume with 615.59 million shares valued at N4.189 billion traded in 9,021 deals; contributing 45.9% and 48.4% to the total equity turnover volume and value respectively.

The top three equities led the trading chart; namely, Transnational Corporation of Nigeria Plc, Honeywell Flour Mill Plc, and Access Bank Plc which accounted for 450.57 million shares worth N1.492 billion in 3,696 deals, contributing 33.66% and 17.25% to the total equity turnover volume and value respectively.

26 equities appreciated at price during the week,
36 equities depreciated in price
94 equities remained unchanged over the week.

TOP GAINERS AND LOSERS CHART
THREE TOP GAINERS	Open	Close	Gain (N)	% Change
TRANSCORP HOTELS PLC	4.7	5.17	0.47	10.00%
SKYWAY AVIATION HANDLING COMPANY PLC	3.7	4.05	0.35	9.46%
PRESCO PLC	73	79.5	6.5	8.9

THREE TOP LOSERS	Open	Close	Gain (N)	% Change
OANDO PLC	4.8	4.07	-0.73	-15.21%
MUTUAL BENEFITS ASSURANCE PLC	0.32	0.28	-0.04	-12.50%
COURTEVILLE BUSINESS SOLUTIONS PLC	0.33	0.29	-0.04	-12.12%

Exchange-Traded Products (ETPs)

A total of 54,468 units valued at N2.603 million were traded this week in 19 deals compared with a total of 39,465 units valued at N1.834 million transacted last week in 27 deals.

The six items traded during the week, were, STANBICETF30, VETINDETF, NEWGOLD, GREENWETF, VETBANK, and VETGRIF30.

Fixed Income Securities Market

A total of 100,152 units valued at N99.67 million were traded this week in 27 deals compared with a total of 26,861 units valued at N27.5 million transacted last week in 17 deals.

The securities traded were, FGSUK2027S3, FGS202487, FGSUK2024S1, FG9B2022S1, FG112024S1, FGSUK2025S2, FG112034S2, and FGS202141.

Analyst View

The financial services segment is expected to continue to dominate the market followed by the conglomerate segment in the course of the week. Market actions by companies and particularly banks that are declaring interim dividends for the half-year of 2021 will drive more activities within the financial services sector.