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Investors Gain N107.43bn as NGXASI Advances by 0.35%; Overnight Rate Expands to 11.00%; BDC Rate Appreciates to N750

Mar 08, 2023   •   by   •   Source: Proshare   •   eye-icon 197 views

Snapshot


 

1. EQUITIES MARKET 

 

Nigerian Equities Market closed positive as the key market indicator declined by 197.20bps amid flat market breadth.

 

The NGX All-Share Index advanced by 0.35% to close at 55,801.14 basis points as against the flat position recorded previously to close at 55,603.94 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N107.43bn gain.

 

YTD, the NGXASI Stands at +8.88%

 

The total volume traded declined by 4.21% to close at N152.74m, valued at N3.57bn and traded in 3,293 deals. COURTVILLE was the most traded stock by volume with 34.60m units traded while DANGCEM was the most traded stock by value which is put at N2.08bn

 

Sectoral performance was broadly negative as eleven (11) NGX sector index closed northward, four (4) sector index closed southward and three (3) closed flat. The NGX INDUSTRIAL index advanced by 0.84% to top the gainer’s chart while the NGX Oil and Gas Index declined by 0.90% to top the losers’ chart.

 

The Gote index advanced by 1.67% to close at 149.33 basis points while the Toni index declined by 1.36% to close at 125.03 basis points.

 

At the close of trading, the market recorded 18 gainers to 18 losers and 75 unchanged. TRANSEXPR topped the list of gainers while MRS topped the list of losers. 

 

Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at 0.00x.

 

Volume and Value Contribution

COURTVILLE led the volume’s chart with 22.66% contribution and closely followed by UBA and GTCO

 

DANGCEM tops the value’s chart with 58.45% contribution and followed by GTCO and ZENITHBANK

 

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. 

 

1.2 NASD OTC Exchange - Unlisted Equities

The NASD market index declined by 0.04% to close at 719.23 basis points as against 0.81% loss recorded previously to close at 718.97 basis points.

 

The total volume traded advanced by 101.42% to close at 65,054,200 units valued at N85.49m and traded in 10 deal(s).

 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to zero (0) 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 Chile IPSA Index leads the top five gainers with 0.61% gain while the Hong Kong Hang Seng index leads top five losers with 2.35% loss as of 4pm Nigerian Time

 

1.4 African Indices

Similarly, on the African scene, the Nigeria All Share Index tops the top five gainers with 0.35% gain while Kenya All Share Index Index tops the top five losers with 3.63% loss as of 4pm Nigerian Time

 

 

 

2.1 Debt Market Size

The Debt Market Size closed flat at N31.97trn.

 

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate advanced by 0.02% to close at 11.00% while the Open Repo (OPR) rate declined by 0.01% to close at 10.62%

 

 

 

3.1 AFEX Indices

The AFEX ACI advanced by 0.24% to close at 472.43 while the AFEX AEI declined by -2.04% to close at 220.87.

 

3.2 AFEX Commodity Prices

Maize declined by 1.53% to top the losers’ chart.

 

3.3 Global Commodity Prices

Gold advanced by 0.28% while Silver declined by 2.99% as of 10: 51 NY time

 

In the energy market, Brent declined by 0.96% and WTI also declined by 1.91% as of 10: 50 AM Central Daylight Time (CDT)

 

 

The naira at the I&E FX Window declined by 0.04% to close at N461.30/USD while the NAFEX rate declined by 0.02% to close at N461.14/USD

 

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