Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 352.49 bps amid positive market breadth

The NGX All-Share Index advanced by 0.67% to close at 52,701.31 basis points as against a 0.31% loss recorded previously to close at 52,348.82 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N192bn gain.

YTD, the NGXASI Stands at +2.83%

The total volume traded advanced by 2.99% to close at N228.48m, valued at N4.44bn and traded in 3,681 deals. STERLINGBANK was the most traded stock by volume with 76.74m units traded while  GEREGU was also the most traded stock by value which is put at N1.42bn 

Sectoral performance was broadly positive as thirteen (13) NGX sector index closed northward, three (3) sector index closed southward and two (2) closed flat. The NGX MAIN BOARD index advanced by 1.13% to top the gainer’s chart while the NGX INDUSTRIAL index declined by 0.10% to top the losers’ chart.

The Gote index closed flat at 141.17 basis points while the Toni index advanced by 0.37% to close at 120.81 basis points.

At the close of trading, the market recorded 36 gainers to 12 losers and 49 unchanged. UPDCREIT  topped the list of gainers while UPDC  topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.10x.

Volume and Value Contribution

STERLNBNK led the volume’s chart with 33.59% contribution and closely followed by CHAMS and GTCO

GEREGU tops the value’s chart with 32.11% contribution and followed by AIRTELAFRICA and GTCO

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 1.04% to close at 698.23 basis points as against the -0.04% loss recorded previously to close at 705.57 basis points 

The total volume traded declined by -93.81% to close at 168,050 units valued at N2.54m and traded in 25 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 3.60% gain while South Korea KS11 tops the top five losers with 0.85% loss as of 4pm Nigerian Time 

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 70 EWI  Index tops the top five gainers with 2.23% gain while the Zimbabwe All Share Index tops the top five losers with 1.37% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size closed flat at 30.23.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate declined by 0.17% to close at 9.83% while the Open Repo (OPR) rate declined by 0.17%  to close at 9.50%

The AFEX ACI closed flat at 476.31 while the AFEX closed flat at 244.56

Cashew advanced by 2.27% to top the gainers chart while Cocoa declined by 0.95% to top the losers’ chart. 

3.3 Global Commodity Prices

Gold declined by -0.05% while Silver declined by 0.39% as of 11:53 NY time

In the energy market, Brent advanced by 1.34% and WTI also advanced by 1.30% as of 11:53 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed flat at N461.5/USD while the NAFEX rate advanced by 0.04% at N461.4/USD