Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 318.98 bps amid positive market breadth

The NGX All-Share Index advanced by 0.62% to close at 52,048.85 basis points as against a 0.55% loss recorded previously to close at 51729.87 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N173.74bn gain.

YTD, the NGXASI Stands at +1.56%

The total volume traded declined by 24.90% to close at 211.74m, valued at N7.73bn and traded in 3,679 deals. MANSARD was the most traded stock by volume with 26.25m units traded while AIRTELAFRICA  was also the most traded stock by value which is put at N4.14bn 

Sectoral performance was broadly positive as fifteen (15) NGX sector index closed northward, one (1) sector index closed southward and two (2) closed flat. The NGX NGXMERIVAL index advanced by 2.20% to top the gainer’s chart while the NGX GROWTH index declined by 106% to top the losers’ chart.

The Gote index advanced by 0.28% to close at 136.66 basis points while the Toni index advanced by 0.63% to close at 121.45 basis points.

At the close of trading, the market recorded 35 gainers to 9 losers and 53 unchanged. ELLAHLAKES topped the list of gainers while ABBEYBDS topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.49x.

Volume and Value Contribution

MANSARD led the volume’s chart with 12.40% contribution and closely followed by GTCO and CHAMS

AIRTELAFRICA tops the value’s chart with 53.53% contribution and followed by MTNN and DANGCEM

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 decline by -0.24% to close at 705.79 basis points as against the 0.07% loss recorded previously to close at 707.46 basis points 

The total volume traded advanced by 955.65% to close at 15,602,988 units valued at N1.56m and traded in 31 deal(s). 

At the close of trading, NASD OTC market recorded one (1) 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 Argentina Merval Index leads the top five gainers with 3.49% gain while Taiwan Taiwan Weighted Index tops the top four losers with 0.13% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Casablanca Casablanca tops the top five gainers with 1.80% gain while the Uganda All Share Index tops the top five losers with 18.24% loss as of 4pm Nigerian Time

2.1 Debt Market Size

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

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate closed flat at 9.83% while the Open Repo (OPR) rate closed flat to close at 9.50%

The AFEX ACI declined by -1.04% to close at 478.83 while the AFEX AEI declined by -0.52% to close at 245.59 basis points

Cashew advanced by 0.14% to top the gainers chart while Sorghum declined by 3.37% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.69% while Silver advanced by -1.19% as of 11:53 NY time

In the energy market, Brent advanced by 1.63% and WTI also declined by 1.45% as of 11:53 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed flat at N461.9/USD while the NAFEX rate declined by 0.03% at N461.17/USD