Nigeria Market Trends (09-15-21)

The NGX ASI closed at 38,968.34 points, to reflect a gain of 0.12% from the previous trading day. At the close of the market yesterday, Wednesday 15th of September 2021, the stock exchange Equity remained positive with a market value of N20.278 billion while the Bond market capitalization stood at N57.3 billion. The Exchange Traded Fund (ETF) Capitalisation was negative, it declined by 3.48%. The Markets Year-to-Date (YTD) return, however, is currently settled at –3.2%.

MARKET SNAPSHOT
S/n	INDICES	Closing Price	CHG	% CHG
1	ALL SHARE INDEX	38,968.34	47.84	0.12
3	Equity Cap (N'Tn)	20,303,137,884,264.50	24,923,388,552.30	0.12
4	BOND CAP (N'Tn)	18,275,512,995,365.30	57,311,608,524.60	0.31
5	ETF CAP (N'Bn)	11,025,604,085.64	(397,856,788.14)	-3.48

MOST TRADED
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	UNIVINSURE	0.20	0.20	0.00	0.00
2	ZENITH BANK	23.80	23.65	-0.15	-0.63
3	UCAP	8.15	8.20	0.05	0.61
4	TRANSCOP	0.90	0.92	0.02	2.22
5	ACCESS	9.30	9.30	0.00	0.00

TOP GAINERS
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	UPDC	1.660	1.82	0.160	9.639
2	NNFM	7.300	8.00	0.700	9.589
3	OANDO	4.350	4.62	0.270	6.207
4	LEARNAFRCA	1.360	1.44	0.080	5.882
5	HONYFLOUR	3.920	4.07	0.150	3.827

TOP LOSERS
S/n	Equity	Prev Price	Closing Price	CHG	% CHG
1	TRANSCOT	5.00	4.50	-0.50	-10.00
2	CHIPLC	0.53	0.48	-0.05	-9.43
3	PRESTIGE	0.48	0.44	-0.04	-8.33
4	CHAMPION	2.08	1.91	-0.17	-8.17
5	LASACO	1.30	1.20	-0.10	-7.69

Analyst View

Naira appreciated marginally at the official window from its previous rate of N412.75/$1 to a new N412.08/$1 as of Wednesday, September 15, 2021 however, the Naira depreciated further at the black market-end of the market to N557/1$ from the previous N550/$1. It is been speculated that the Naira might depreciate to N600/$1 before the end of the year. The fallen value of the Naira at the black market rides on hoarding and speculative purchases.