Snapshot

Nigerian Equities Market further extends market gain as bullish trading activities persist while market opens the week on a positive note.

The NGX All-Share Index inched up by +0.50% to close at 51,962.85 basis points as against +0.17% gain recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N138.68bn gain.

YTD, the NGXASI Stands at +21.65%

The total volume traded advanced by +70.75% to close at 266.51m, valued at N2.60bn and traded in 5,050 deals. LIVINGTRUST was the most traded stock by volume with 64.66m units traded while SEPLAT was the most traded stock by value which is put at N414.96m.

Sectoral performance was broadly positive as eleven (11) NGX sector index closed northward, three (3) closed southward while four (4) closed flat. The NGX Insurance Index inched up by +1.50% while the NGX Consumer Goods Index dipped by -0.56% to top all sector indices otherwise.

Gote index closed flat at 143.22 basis points while Toni index closed red with -0.30% loss recorded to close at 112.38 basis points.

At the close of trading, market recorded 18 gainers to 15 losers and 74 unchanged. ETI topped the list of gainers  PZ topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.04x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

LIVINGTRUST led the volume’s chart with 24.26% contribution and closely followed by TRANSCORP and ACCESSCORP. 

Source: NGX, Proshare Research

SEPLAT led the value’s chart with 15.95% contribution and closely followed by ACCESSCORP and ZENITHBANK

Source: NGX, Proshare Research

NGX Earnings Summary

No Financial statement was released on the floor of the Exchange today.

NGX Corporate News

Aso Savings and Loans Plc has notified that its 16^th and 17^th Annual General Meetings (AGM) scheduled to hold at Tahir Guest Palace in Kano on Monday July 11^th, 2022 at 11am has been changed to Wednesday July 13^th, 2022. The change is in view of the fact that July 11^th and 12^th 2022 may be declared National Public Holiday in view of the upcoming Sallah Celebration. 

The NASD market index dipped by -0.81% to close at 762.06 basis points as against 0.42% gain recorded previously. 

The total volume traded advanced by +100.23% to close at 647,785 units valued at N5.56m and traded in 8 deals. 

At the close of trading, NASD OTC market recorded 0 gainer(s) to 3 loser(s)

Snapshot

Gainers

Nil

Losers

Volume and Value Contribution

SDFOODCPT led the volume chart with 77.19% contribution 

SDFCWAMCO led the value chart with 61.05% contribution 

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 Hong Kong Hang Seng Index leads the top five gainers with 2.35% gain while the Italy Index tops the top five losers with -1.05% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly on the African scene, the South Africa ASI Index tops the top five gainers with 2.22% gain while the Egypt EGX 30 Index tops the top five losers with -1.95% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size declined by -0.28% to close at N28trn from previous figure of N28.08trn.

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 14.00% while the Open Repo (OPR) rate also contracted by 0.25% to close at 13.75%

3.1 AFEX Indices

The ACI dipped by 1.28% to close at 472.04 basis points as against previous figure of 478.16 while the AEI closed flat at 191.58 basis points as against previous figure of 191.58 basis points.

3.2 AFEX Commodity Prices

Sorghum grew by 41.45% to top the gainers’ chart while Maize declined by 9.75% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.16% loss while Silver advanced by 0.14% as of 13:07 NY time

In the energy market, Brent advanced by 6.23% while WTI also advanced by 2.49% as of 12:10PM Central Daylight Time (CDT)

Source: Proshare Research, Oilprice.com, Goldprice.org

The naira depreciated by 0.21% at the I&E FX Window to close at N421.00/USD while the NAFEX rate appreciated by 0.10% to close at N418.74.

Source: FMDQ, BDC