Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 18.64 bps amid flat market breadth.

The NGX All-Share Index advanced by 0.03% to close at 54886.04 basis points as against 0.09% loss recorded previously to close at 54886.04 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N10.15bn gain.

YTD, the NGXASI Stands at +7.13%

The total volume traded declined by 89.10% to close at N127.74m, valued at N1.57bn and traded in 2987 deals. UBA was the most traded stock by volume with 19.6m units traded while ZENITHBANK was the most traded stock by value which is put at N298.84m.

Sectoral performance was broadly positive as ten (10) NGX sector index closed northward, three (3) sectors index closed southward and five (5) closed flat. The NGX INSURANCE index advanced by 1.30% to top the gainer’s chart while the NGX Food and Beverages Index declined by 0.12% to top the losers’ chart.

The Gote index closed flat at 150.56 basis points while the Toni index declined by 0.96% to close at 117.49 basis points.

At the close of trading, the market recorded 8 gainers to 25 losers and 75 unchanged. LINKASSURE topped the list of gainers while IKEJAHOTEL topped the list of losers.

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.07x.

Volume and Value Contribution

UBA led the volume’s chart with 91.19% contribution and closely followed by TRANSCORP and FIDELITYBANK

ZENITHBANK tops the value’s chart with 54.98% contribution and followed by GTCO and UBA

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

No Corporate News was released on the NGX Exchange today. 

The NASD market index declined by 0.02% to close at 730.94 basis points as against the loss of 0.05% recorded previously to close at 731.09 basis points. 

The total volume traded declined by 99.99% to close at 8,408 units valued at N1,107,770 and traded in 3 deal(s). 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to one (1) loser(s)

NASD Earnings Summary

No Financial statement was released on the NASD OTC Exchange today.

NASD Corporate News

No Corporate News was released on the NASD OTC Exchange today.

On the global scene, the Austria ATX index leads the top five gainers with 3.15% gain while the India NIFTY index tops the loser with 0.65% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe All Share Index tops the top five gainers with 12.65% gain while Uganda All Share Index index tops the top five losers with 2.32% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size was not available as at the time of filing the report.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate advanced by 0.39% to close at 17.60% and the Open Repo (OPR) advanced by 0.39% to close at 17.00.

The Afex ACI declined by 1.29% to close at 470.11 while Afex AEI advanced by 0.76% to close at 222.73

Sorghum advanced by 1.39% to close at 614.1 while Maize declined by 0.46% to close at 214.02.

3.3 Global Commodity Prices

Gold declined by 1.31% while Silver advanced by 0.67% as of 10: 51 NY time

In the energy market, Brent advanced by 1.18% and WTI also advanced by 0.78% as of 10: 50 AM Central Daylight Time (CDT)

The naira at the I&E FX Window advanced by 0.11% to close at N462/USD while the NAFEX rate advanced by 0.01% to close at N461.22/USD