Nigeria Market Trends (1st Nov., 2021)

November 1, 2021

The Nigerian Stock Exchange closed the Friday trading session of October 29th, 2021, on a positive note, with measured indices turning green. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 30 Gainers and 18 Losers in yesterday's session.

The NGX ASI closed at 42,038.6 points, to reflect a gain of 0.18% from the previous trading day gain of 0.41%, Investors gained N144.04 billion. At the close of the market on Friday, 29th of October 2021, the stock exchange Equities gained 0.18% to N21.9 billion, the Bond market capitalization gained by 0.21% to N19.37billion. Exchange-Traded Fund (ETF) however gained 1.23% closing at N6.94 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +4.39%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	42,038.600000000000	0.18
3	Equity Cap (N'Tn)	21,938,483,391,086.50	0.18
4	BOND CAP (N'Tn)	19,369,106,032,569.20	0.02
5	ETF CAP (N'Bn)	6,935,476,932.580000	1.23

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	GUINESS	33.6	1.820
2	CUSTODIAN	8.45	9.740
3	AIICO	1.24	9.735
4	UPL	2.17	9.596
5	WEMABANK	0.81	9.459

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	REGALINS	0.37	-9.756
2	CWG	1.13	-9.600
3	SOVERENINS	0.22	-8.333
4	ROYALEX	0.50	-5.660
5	DANGSUGAR	17.0	-5.556

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	ETERNA	801,280,004.00	10,785,119,242.62
2	FBNH	56,982,831.00	645,122,971.2000
3	TRANSCORP	27,940,291.00	29,784,538.70000
4	WEMABANK	23,534,316.00	18,513,961.82000
5	AIICO	21,787,454.00	27,016,442.96000

Naira closed flat at the official window on Friday at N415.1/$1. The Naira however gained at the parallel market, it appreciated by 0.88% to close the day at N565/$1. The Naira is significantly trailing the Dollar by a wide margin 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. However, the recently raised Eurobonds may likely moderate the sliding effect.

The Foreign exchange as of Friday, 29th October 2021 is $41.83 billion.

SOURCE: NGX
IMAGE SOURCE:PIXABAY