Nigeria Market Trends (8th Oct., 2021)

October 8, 2021

The Nigerian Stock Exchange closed the Thursday trading session of October 7th, 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 24 Gainers and 12 Losers in yesterday's session.

The NGX ASI closed at 40,829.15 points, to reflect a gain of 0.16% from the previous trading day gain of 0.12%, Investors gained N33.3 billion. At the close of the market on Thursday, 7th of October 2021, the stock exchange Equities gained 0.16% to N21.28 billion, the Bond market capitalization however declined by 0.01% to N19.05 billion. Exchange-Traded Fund (ETF) also got a hit declining by 0.01% to N7.07 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +1.39%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	40,829.15	0.160
3	Equity Cap (N'Tn)	21,275,363,875,457.80	0.160
4	BOND CAP (N'Tn)	19,055,098,481,048.30	-0.01
5	ETF CAP (N'Bn)	7,068,915,613.81	-0.11

TOP GAINERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	UPL	1.31	1.44	9.924
2	PRESCO	80.25	85	5.919
3	UNIVINSURE	0.21	0.22	4.762
4	CHAMS	0.21	0.22	4.762
5	UPDC	1.92	1.99	3.646


TOP LOSERS
S/n	Equity	Previous Price	Closing Price	% CHG
1	BOCGAS	11.65	10.5	-9.871
2	CAVERTON	1.75	1.58	-9.714
3	MANSARD	2.49	2.36	-5.221
4	COURTVILLE	0.41	0.39	-4.878
5	SOVERENINS	0.23	0.22	-4.348

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded	% CHG
1.00	FBNH	605,011,908.00	8,902,126,567.15	1,371.40
2.00	FIDELITYBK	20,589,367.00	53,596,501.84	160.31
3.00	WEMABANK	32,783,162.00	11,311,307.12	(65.50)
4.00	ETI	15,027,557.00	88,884,430.05	491.48
5.00	TRANSCORP	13,765,034.00	13,010,805.61	(5.48)

Analyst View
Naira appreciated by 0.10% at the official window from its previous rate of N414.73/$1 to a new N414.67/$1 as of Thursday, October 7, 2021. The Naira also gained by 0.87% at the parallel market to N570/1$ compared to the previous N575/$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