Nigeria Market Trends (5th Nov., 2021)

November 5, 2021

The Nigerian Stock Exchange closed the Thursday trading session of November 4th, 2021, on a negative note, with some of the measured indices turning red. The Market Indices were affected by mixed investors sentiments due to sell-offs and buy-interests. Market breadth closed with 13 Gainers and 24 Losers in yesterday's session.

The NGX ASI closed at 41,943.83 points, to reflect a loss of 0.08% from the previous trading day loss of 0.09%, Investors loss N16.50 billion. At the close of the market on Thursday 4th of November 2021, the stock exchange Equities lost by 0.08% to N21.889 billion, the Bond market capitalization gained 0.06% to N19.37 billion. Exchange-Traded Fund (ETF) also lost 0.53% closing at N7.110 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +4.15%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	41,943.8300000000000	-0.08
3	Equity Cap (N'Tn)	21,889,023,815,230.40	-0.08
4	BOND CAP (N'Tn)	19,366,876,535,980.50	0.060
5	ETF CAP (N'Bn)	7,110,161,932.5800000	-0.53

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	SCOA	1.04	9.470
2	LINKASSURE	0.57	7.547
3	OKOMUOIL	142	5.185
4	AIICO	1.28	4.918
5	HONYFLOUR	3.64	4.598

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	PHARMADEKO	2.340	-10.00
2	UNILEVER	14.25	-8.654
3	REDSTAREX	3.120	-8.235
4	ROYALEX	0.480	-7.692
5	CUTIX	5.550	-7.500

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	19,516,458.00	208,298,511.75
2	LASACO	10,607,484.00	10,620,227.540
3	TRANSCORPS	10,562,105.00	10,656,656.060
4	JAPAULGOLD	8,695,366.000	3,375,839.5600
5	NGXGROUP	8,695,366.000	154,068,042.45

Analyst View
Naira depreciated against the dollar by 0.07% at the official window on Thursday 4th of November to N415.1/$1 when compared to the previous period rate of N414.8/$1. However, the Naira traded flat against the dollars at the previous rate of N570/$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 declined to close at $41.76 billion as of Thursday 4th November 2021.

SOURCE: NGX
IMAGE SOURCE:PIXABAY