Local Bourse Kicks Off the Week With A Loss of 0.05%, As Inflation Falls To 15.99%

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The Nigerian equities market shed 0.05% as the rout in equities prices persisted,while investors’ sentiment remained negative. The NGX-ASI decreased to 43,230.34 from 43253.01, while the YTD return of the index further dipped to +7.35% from +7.41%. The total market capitalization decreased to N22.56trn from N22.57trn as investors’ lost N11.83bn.

The market turnover decreased to N4.29bn from N4.65bn, while market breadth was positive at 1.43x as 20 stocks advanced against 14 stocks that declined, 69 stocks remained unchanged.The share price of CUTIX increased by 9.89% to top the gainers chart, while VERITASKAP lost 8.70% to lead the losers’ chart.

Stocks whose share prices decreased during intra-day trading include:  VERITASKAP(8.70%), FTNCOCOA(6.82%), ROYALEX(5.66%), REGALINS(5.00%), CHAMS(4.17%), UBA(2.96%), COURTVILLE(2.44%), ETI (1.74%), AIICO(1.57%), FCMB(1.29%), WEMABANK(1.19%), DANGSUGAR(0.58%), MTNN(0.52%) and FIDSON(0.16%).

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MARKET STATISTICS

CAP N22,560,411,754,234.01 One Day (ASI CHG) -0.05%
Index 43,230.34 One Week (ASI CHG) -0.04%
Volume 293,429,620.00 One Month (ASI CHG) +4.32%
Value N4,289,302,126.94 Six Months (ASI CHG) +9.49%
Deals 4,239.00 52 Weeks (ASI CHG) +23.38%
Gainers 20 Losers 14
Unchanged 69 Total 103
YTD Returns +7.35%

 

Source: Ngxgroup.com, GTI Research 

Top 7 Gainers

COMPANY PCLOSE OPEN CLOSE CHANGE % CHANGE
CUTIX 2.73 2.73 3.00 0.27 9.89
LIVESTOCK 2.00 2.00 2.19 0.19 9.50
MBENEFIT 0.27 0.27 0.29 0.02 7.41
JAPAULGOLD 0.42 0.42 0.44 0.02 4.76
PRESTIGE [BLS] 0.43 0.43 0.45 0.02 4.65
LASACO 1.10 1.10 1.13 0.03 2.73
FBNH 12.00 12.00 12.30 0.30 2.50

Top 7 Losers

COMPANY PCLOSE OPEN CLOSE CHANGE % CHANGE
VERITASKAP 0.23 0.23 0.21 -0.02 -8.70
FTNCOCOA [RST] 0.44 0.44 0.41 -0.03 -6.82
ROYALEX 0.53 0.53 0.50 -0.03 -5.66
REGALINS 0.40 0.40 0.38 -0.02 -5.00
CHAMS 0.24 0.24 0.23 -0.01 -4.17
UBA 8.45 8.45 8.20 -0.25 -2.96
COURTVILLE 0.41 0.41 0.40 -0.01 -2.44

Top 7 Traders By Volume

COMPANY CLOSE  VOLUME   VALUE 
FBNH 12.30    101,220,646.00    1,242,061,711.20
ACCESS 9.40      44,173,803.00        416,971,884.00
FCMB 3.05      34,846,253.00        108,008,240.56
GTCO 27.50      18,456,741.00        507,357,830.25
ZENITHBANK 24.05      16,156,059.00        387,954,521.75
UBA 8.20      10,232,108.00          84,682,890.05
UPL 2.20         8,282,376.00          18,205,066.53


Top 7 Traders By Value

COMPANY CLOSE  VOLUME   VALUE 
FBNH 12.30    101,220,646.00    1,242,061,711.20
MTNN 190.00         3,902,484.00        740,254,474.90
GTCO 27.50      18,456,741.00        507,357,830.25
ACCESS 9.40      44,173,803.00        416,971,884.00
ZENITHBANK 24.05      16,156,059.00        387,954,521.75
NESTLE 1400.00            223,770.00        313,305,419.70
FCMB 3.05      34,846,253.00        108,008,240.56

 

 

OUTLOOK

The market downturn continues to persist as the equity market lost for the fourth time in a row and the first time in the week. This negative trend can be attributed to the investors’ depreciated appetite in most blue-chip stocks, we continue to expect mixed sentiments in equity market as market watchers monitor fixed income market yield and the upcoming FGN Sovereign Bond Auction.

 

INFLATION REPORT

The consumer price index, (CPI) which measures inflation increased by 15.99% (year-on-year) in October 2021. This is 1.76% points higher than the rate recorded in October 2020 (14.23) %. Increases were recorded in all COICOP divisions that yielded the Headline index.On month-on-month basis, the Headline index increased by 0.98% in October 2021, this is 0.17% rate lower than the rate recorded in September 2021 (1.15) %.The percentage change in the average composite CPI for the twelve months period ending October 2021 over the average of the CPI for the previous twelve months period was 16.96%, showing 0.13% point from 16.83% recorded in September 2021.The urban inflation rate increased by 16.52% (year-on-year) in October 2021 from 14.81% recorded in October 2020, while the rural inflation rate increased by 15.48% in October 2021 from 13.68% in October 2020.On a month-on-month basis, the urban index rose by 1.02% in October 2021, down by 0.19 percentage point the rate recorded in September 2021 (1.21) %, while the rural index also rose by 0.95% in October 2021, down by 0.15 percentage point the rate that was recorded in September 2021 (1.10) %.

The twelve-month year-on-year average percentage change for the urban index is 17.53% in October 2021. This is higher than 17.41% reported in September 2021, while the corresponding rural inflation rate in October 2021 is 16.39% compared to 16.26% recorded in September 2021.The composite food index rose by 18.34% in October 2021 compared to 17.38% in October 2020.This rise in the food index was caused by increases in prices of Food product n.e.c, Coffee, tea and cocoa, Milk, cheese and eggs, Bread and cereals, Vegetables and Potatoes, yam and other tuber.On month-on-month basis, the food sub-index increased by 0.91% in October 2021, down by 0.35% points from 1.26% recorded in September 2021.The average annual rate of change of the Food sub-index for the twelve-month period ending October 2021 over the previous twelve-month average was 20.75%, 0.04% points from the average annual rate of change recorded in September 2021 (20.71) %.

The Core inflation, which excludes the prices of volatile agricultural produce stood at 13.24% in October 2021, up by 2.10% points when compared with 11.14% recorded in October 2020.On month-on-month basis, the core sub-index increased by 0.80% in October 2021. This was down by 0.44% point when compared with 1.24% recorded in September 2021.The highest increases were recorded in prices of Gas, Fuels and lubricants for personal transport equipment, Vehicle spare parts, Non-durable household goods, Solid fuel, Passenger transport by road, Passenger transport by air, Garments, Cleaning, repair and hire of clothing, Major household appliances whether electric or not, Wine, Clothing materials, other articles of clothing and clothing accessories and Liquid fuel.The average 12-month annual rate of change of the index was 12.73% for the twelve-month period ending October 2021; this is 0.18% points higher than 12.55% recorded in September 2021.

 

inflamonth inf

 

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