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Investors Gain N153.89bn as NGXASI Inches Up by +0.57%; Overnight Rate Expands by 0.13% to Close at 14.13%; BDC Rate Depreciates to N611

Jun 22, 2022   •   by   •   Source: Proshare   •   eye-icon 872 views

Snapshot

 

1. EQUITIES MARKET 

 

Nigerian Equities Market maintains uptrend as key market indicator firs up further.

 

The NGX All-Share index inched up by +0.57% to close at 51,377.21 basis points as against +0.66% gain recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N153.89bn gain

YTD, the NGXASI Stands at +20.28%

The total volume traded advanced by +37.37% to close at 229.37m, valued at N3.19bn and traded in 4,536 deals. OANDO was the most traded stock by volume with 34.46m units traded while MTNN was the most traded stock by value which is put at N565.62m.

Sectoral performance was broadly positive as ten (10) NGX sector index closed northward, six (6) closed southward while two (2) closed flat. The NGX Premium Board Index inched up by +1.38% while the NGX Banking Index dipped by -0.61% to top all sector indices otherwise.

Gote index inched up by 1.77% to close at 143.22 basis points while Toni index also closed red with -0.43% loss recorded to close at 113.16 basis points.

At the close of trading, market recorded 18 gainers to 16 losers and 65 unchanged. ELLAHLAKES topped the list of gainers  NNFM topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.03x.

NGX Snapshot

 

Sectoral Indices

 

Gainers

 

Losers

 

Volume and Value Contribution

OANDO led the volume chart with 15.03% contribution and closely followed by FCMB and UBA

Source: NGX, Proshare Research

 

MTNN led the value chart with 17.69% contribution and closely followed by GTCO and ZENITHBANK

Source: NGX, Proshare Research

 

NGX Earnings Summary

Oando Plc filed its outstanding financial statements on the NGX Exchange today.


NGX Corporate News

Airtel Africa Plc announces that after market close (UK time) on 21 June 2022 its subsidiary, Bharti Airtel International (Netherlands) B.V., (‘BAIN’) launched a cash tender offer to redeem up to $300m of its $1 billion of 5.35% Guaranteed Senior Notes due 2024 (‘Notes’). There is an early tender deadline of 5 July 2022 for Noteholders wishing to tender their Notes for preferential early tender consideration, otherwise the tender offer will expire on 19 July 2022, unless amended or extended by BAIN at its sole discretion. 

 

1.2 NASD OTC Exchange – Unlisted Equities

The NASD market index dipped by 0.24% to close at 766.89 basis points as against 0.57% gain recorded previously. 

The total volume traded advanced by +76.78% to close at 589,000 units valued at N11.49m and traded in 14 deals. 

At the close of trading, NASD OTC market recorded 2 gainer(s) to 1 loser(s)

Snapshot

 

Gainers

 

Losers

 

Volume and Value Contribution

SDNASDPLC led the volume chart with 50.54% contribution 

 

SDNASDPLC led the value chart with 38.98% 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 India NIFTY Index leads the top five gainers with 1.88% gain while the South Korea Index tops the top five losers with -2.74% 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 0.56% gain while the South Africa All Share Index tops the top five losers with -1.53% loss as of 4pm Nigerian Time


 

 

 

2.1 Debt Market Size

The FMDQ Debt Market Size was not available as at the time of finalizing this report.

 

2.2 Overnight and Open Repo (OPR)

The overnight lending rate advanced by 0.13% to close at 14.13% while the Open Repo (OPR) rate also advanced by 0.17% to close at 14.00%



 

 

3.1 AFEX Indices

The ACI advanced by 0.48% to close at 492.12 basis points as against previous figure of 489.77 while the AEI closed flat at 191.58 basis points as against previous figure of 191.58 basis points.



3.2 AFEX Commodity Prices

Sesame grew by 146.95% to top the gainers’ chart while Paddy Rice declined by 43.19% to top the losers’ chart.


3.3 Global Commodity Prices

Gold recorded +0.40% gain while Silver declined by -0.69% as of 12:59 NY time

 

In the energy market, Brent declined by 0.13% while WTI also declined by 2.76% as of 12:03PM Central Daylight Time (CDT)

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

 

The naira depreciated by 0.05% at the I&E FX Window to close at N420.50/USD while the NAFEX rate also depreciated by 0.10% to close at N419.25.

Source: FMDQ, BDC


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