Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 365.40 bps amid positive market breadth

The NGX All-Share Index advanced by 0.73% to close at 50,300 basis points as against a 0.46% gain recorded previously to close at 49,934.60 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N199.02bn gain.

YTD, the NGXASI Stands at +17.75% 

The total volume traded declined by 1.65% to close at 490.48m, valued at N7.75bn and traded in 4,480 deals. FBNH was the most traded stock by volume with 271.36m units traded while FBNH was also the most traded stock by value which is put at N3.2bn 

Sectoral performance was broadly positive as fifteen (15) NGX sector index closed northward, one (1) closed southward and two (2) closed flat. The NGXGROWTH index advanced by 5.37% to top the gainer’s chart while the NGXMERIGRW index declined by 1.01% to top the losers’ chart.

The Gote index advanced by 0.15% to close at 136.23 basis points while the Toni index advanced by 1.59% to close at 117.15 basis points.

At the close of trading, the market recorded 35 gainers to 9 losers and 59 unchanged. GEREGU topped the list of gainers while LIVESTOCK topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.44x.

Volume and Value Contribution

FBNH led the volume’s chart with 55.33% contribution and closely followed by GTCO and ZENITHBANK

FBNH tops the value’s chart with 41.32% contribution and followed by GTCO and GEREGU

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 declined by 0.14% to close at 705.67 basis points as against the 0.38% gain recorded previously to close at 706.68 basis points 

The total volume traded advanced by 24163.96% to close at 43,356,050 units valued at N33.89m and traded in 11 deal(s). 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to two (2) 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 3.34% gain while the South Korea KS11 Index tops the top five losers with 1.93% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe All Share Index tops the top five gainers with 1.92% gain while the Casablanca Index tops the top five losers with 1.00% loss as of 4pm Nigerian Time

2.1 Debt Market Size

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

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate closed flat at 10.83% while the Open Repo (OPR) rate closed flat at 10.75%

The AFEX ACI closed flat at 456 while the AFEX AEI closed flat at 223.97 basis points

Cashew advanced by 0.16% to top the gainers’ chart while Soybeans declined by 6.68% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.42% while Silver advanced by 2.08% as of 09: 39 NY time

In the energy market, Brent declined by 2.42% and WTI also declined by 1.96% as of 08: 41 AM Central Daylight Time (CDT)

The naira at the I&E FX Window depreciated by 0.07% to close at N461.67/USD while the NAFEX rate depreciated by 0.64% to close at N457.67/USD