Nigerian equities market closes week bearish as ASI drops by 6 bps

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The bears took over the Nigerian inventory market within the week ended fifth November 2021, after having fun with six consecutive weeks of bullish reign within the native bourse. The All-Share Index, which is used to measure the efficiency of the market declined by 0.06% to shut at 42,014.5 factors on the finish of the week.

That is based on data contained within the weekly inventory market report, launched by the Nigerian Change Group.

The All-Share Index dropped from 42,038.6 factors recorded on the finish of the earlier week to 42,014.5, representing a 0.06% decline. In the identical vein, the whole equities market capitalization declined by 0.06% to shut at N21.93 trillion. In the meantime, by way of year-to-date efficiency, the inventory market has gained 4.33% whereas quarter-to-date stood at 4.46% as of the tip of the evaluation week.

Fairness market efficiency

The fairness market recorded trades of 1.43 billion shares valued at N12.37 billion in 23,987 offers traded on the shut of the week by buyers on the ground of the change. This represents a drop in comparison with 3.001 billion shares at N34.55 billion that was traded in 25,932 offers within the earlier week.

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The Monetary Companies Business led the exercise chart by quantity with 1.01 billion shares valued at N7.99 billion traded in 12,208 offers hereby contributing 70.75% and 64.60% to the whole fairness turnover quantity and worth respectively.

The Conglomerates Business adopted with 94.73 million shares value N207.83 million in 878 offers. The third place was the Shopper Items Business, with a turnover of 62.779 million shares value N1.326 billion in 3,814 offers.

Buying and selling within the high three equities for the week have been FBN Holdings Plc, Sterling Financial institution Plc and United Financial institution for Africa Plc collectively accounting for buying and selling in 402.93 million shares value N3.06 billion in 3,208 offers, contributing 28.22% and 24.76% to the whole fairness turnover quantity and worth respectively.

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For the week underneath evaluation, all different indices closed negatively excluding NGX Foremost Board, NGX Insurance coverage, NGX MERI Development, NGX Lotus II and NGX Industrial Items indices. The talked about indices noticed an appreciation of 0.32%, 0.99%, 0.09%, 0.15% and 0.88% respectively whereas the NGX ASeM Index closed flat on the finish of the buying and selling week.

High gainers

High losers

Within the evaluation week, 23 equities appreciated in value, in distinction to a complete of 47, which appreciated within the earlier week. On the flip aspect, 43 equities depreciated in value as in opposition to 25 equities recorded within the earlier week, 90 of the listed shares remained unchanged. That is increased than 84 equities within the earlier week.

Okomu Oil Palm Plc’s inventory was reclassified throughout the week from Medium Value Inventory Group to Excessive Value Inventory Group. Okomu Oil Palm Plc inventory value appreciated above the N100 value degree on June 8, 2021, and traded above N100 up until the shut of enterprise on October 22, 2021. This means that Okomu Oil Palm Plc inventory value has traded above N100 in at the very least 4 months out of the final 6 months.

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Because of this, the corporate has been reclassified to the Excessive-Priced Inventory Group with impact from Wednesday, November 3, 2021.

Change-Traded Merchandise (ETPS) 

A complete of 252,857 items valued at N3.83 million have been traded this week in 31 offers in contrast with a complete of 186,360 items valued at N3.25 million transacted final week in 16 offers.

The traded securities embody VETGRIF30, VETGOODS and NEWGOLD.

Fastened Earnings Securities Market 

A complete of 32,626 items valued at N33.332 million have been traded this week in 16 offers in contrast with a complete of 47,577 items valued at N50.350 million transacted final week in 32 offers.

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