Nigeria Market Trends (7th Oct., 2021)

October 7, 2021

The Nigerian Stock Exchange closed the Wednesday trading session of October 6th, 2021, on an exciting positive note, with all 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 19 Losers in yesterday's session.

The NGX ASI closed at 40,765.20 points, to reflect a gain of 1.12% from the previous trading day gain of 1.18%, Investors gained N25.29 billion. At the close of the market on Wednesday, 6th of October 2021, the stock exchange Equities gained 1.12% to N21.24 billion, the Bond market capitalization stood at N19.06 billion. Exchange-Traded Fund (ETF) also hinged higher to N7.08 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +1.23%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price
1	ALL SHARE INDEX	40,765.20
3	Equity Cap (N'Tn)	21,242,038,658,702.00
4	BOND CAP (N'Tn)	19,056,267,360,605.30
5	ETF CAP (N'Bn)	7,076,510,613.81

TOP GAINERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	FBNH	9	9.75	8.333
2	UPL	1.22	1.31	7.377
3	NNFM	7.7	8.21	6.623
4	LIVESTOCK	2.23	2.35	5.381
5	UNIVINSURE	0.2	0.21	5.000

TOP LOSERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	PHARMADEKO	2.83	2.66	-6.007
2	ABCTRANS	0.35	0.33	-5.714
3	REGALINS	0.41	0.39	-4.878
4	CHAMS	0.22	0.21	-4.545
5	SOVERENINS	0.24	0.23	-4.167

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded	% CHG
1	FBNH	108,741,273.00	1,072,504,475.95	886.29
2	TRANSCOP	39,676,468.00	38,380,563.67	-3.27
3	ETI	32,783,162.00	189,906,945.20	479.28
4	UBA	25,269,034.00	12,114,820.00	-52.06
5	FIDELITYBK	19,897,564.00	51,237,780.73	157.51

Analyst View
Naira depreciated by 0.10% at the official window from its previous rate of N414.30/$1 to a new N414.73/$1 as of Wednesday, October 6, 2021. However, the Naira remained flat at the parallel market to N575/1$ at the same spot it was previously N577/$1. The Naira is most likely to slide against the USD in days to come as the financial market is still troubled and Nigeria has little or no local alternatives to many imported items. The fallen value of the Naira at the black market rides on hoarding and speculative purchases

SOURCE: NSE
IMAGE SOURCE:PIXABAY