Daily Market Report: 8th December, 2021

Market Summary

The Nigerian Exchange Limited (NGX) closed on a positive note. The benchmark All Share Index (ASI) appreciated by 0.99% to close at 42,435.16 points. Market Capitalization increased by N217.19 billion to close at N22.14 trillion while the Year-to-Date (YTD) returns settled at a gain of 5.37%.
Today’s market direction can be largely attributed to gains recorded in large and mid-cap stocks in the Consumer Goods, Banking, and Industrial sectors. Notable among today’s market gainers are Ecobank (4.29%), Seplat Energies (2.46%), Access Bank (3.45%), Oando (0.67%), WAPCO-Lafarge (2.14%), and MTN Nigeria (4.49%).
Market breadth measured by Advancers/Decliners indicated a bullish mood of 1.90x at closing. FCMB (1.02%), FBNH (0.87%), Fidelity Bank (0.83%) and Champion Breweries (1.16%) were among the day’s market losers. The trading day culminated in 19 gainers and 10 losers with 114 stock prices on the NGX Equity and Premium Boards remaining unchanged.

Top Gainers

Company	Price ₦	% Change
MEYER	0.28	7.69
MANSARD	2.22	7.65
DANGSUGAR	16.00	6.67
HONYFLOUR	3.60	6.51
UBA	7.95	5.30

Top Losers

Company	Price ₦	% Change
CUTIX	2.61	9.69
ROYALEX	0.57	8.06
MBENEFIT	0.24	7.69
SOVRENINS	0.23	4.17
NAHCO	3.50	2.51

Most Traded Volume

Company	Price ₦	Volume
FBNH	11.40	441,927,508
STERLINBANK	1.49	64,433,658
GTCO	24.30	20,670,829
UBA	7.95	14,726,540
ACCESS	9.00	12,301,776

Most Traded Value

Company	Price ₦	Value ₦
FBNH	11.40	5,040,197,864
GTCO	24.30	501,361,720
SEPLAT	630.10	367,082,007
ZENITHBANK	24.00	285,309,839
MTNN	174.5	143,523,543

Mutual Funds Portfolio

Fund	Offer Price ₦	Bid Price ₦	YTD Performance (%)
NOVA HYBRID FUND	1.09	1.09	10.46

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