Nigeria Market Trends (15th Nov., 2021)

November 15, 2021

The Nigerian Stock Exchange closed the Friday trading session of November 12th, 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 10 Gainers and 18 Losers in yesterday's session.

The NGX ASI closed at 43,253.01 points, to reflect a loss of 0.68% from the previous trading day gain of 0.36%. At the close of the market on Friday 12th of November 2021, the stock exchange Equities lost 0.68% to N22,572.24 billion, the Bond market capitalization remained flat to close at N19.38 billion. Exchange-Traded Fund (ETF) lost by 0.07% closing at N7.431 billion. The Markets Year-to-Date (YTD) return, however, is currently settled at +7.46%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	% CHG
1	ALL SHARE INDEX	43,253.01	-0.68
3	Equity Cap (N'Tn)	22,572,242,460,863.80	-0.68
4	BOND CAP (N'Tn)	19,378,262,184,633.50	0.00
5	ETF CAP (N'Bn)	7,430,764,063.08	-0.07

TOP GAINERS
S/n	Equity	Closing Price	% CHG
1	VERITASKAP	0.23	9.52
2	REDSTAREX	3.5	6.383
3	CHIPLC	0.58	5.455
4	REGALINS	0.4	5.263
5	NPFCRMFBK	0.44	4.762

TOP LOSERS
S/n	Equity	Closing Price	% CHG
1	UPDC	1.53	-9.467
2	LIVESTOCK	2	-8.676
3	PRESTIGE	0.43	-8.511
4	GLAXOSMITH	6	-6.250
5	LASACO	1.8	-5.263

MOST TRADED VOLUME
S/n	Equity	Volume Traded	Value Traded
1	FBNH	129,774,697.00	1,536,043,887.95
2	STANBIC	19,517,477.00	761,181,826.50
3	GTCO	18,438,717.00	507,041,115.25
4	FLOURMILL	16,336,682.00	503,398,640.85
5	FCMB	15,840,239.00	49,086,043.45

Analyst View
The Investor and Exporter Window where forex is sold officially has recorded a cumulative turnover of $9.5 billion over the past 10 weeks since September 1st.

This huge uptick in forex turnover means that by November month-end, the market would have seen a turnover of $10.8 billion in three months between September to November 2021 (i.e., a monthly average of $3.6 billion).

SOURCE: NGX

IMAGE SOURCE:PIXABAY