Snapshot

Nigerian Equities Market maintained positive posture as the key market indicator inched up further by 42.87bps amid negative market breadth.

The NGX All-Share Index inched up by 0.09% to close at 49,695.12 basis points as against 0.11% gain recorded previously to close at 49,652.25 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N23.12bn gain.

YTD, the NGXASI Stands at +16.34% 

The total volume traded advanced by +97.11% to close at 319.85m, valued at N1.86bn and traded in 3,335 deals. STERLNBANK was the most traded stock by volume with 173.84m units traded while MTNN was the most traded stock by value which is put at N692.20m. 

Sectoral performance was broadly positive as twelve (12) NGX sector index closed northward, three (3) closed southward while three (3) closed flat. The NGX MERIVAL Index inched up by 1.75% to top the gainers chart while the NGX SOVBND Index dipped by 0.82% to top the losers’ chart.

Gote index closed flat at 128.44 basis points while Toni index also inched up by 1.73% to close at 110.47 basis points.

At the close of trading, market recorded 10 gainers to 15 losers and 77 unchanged. NEM topped the list of gainers while HONYFLOUR topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.06x.

Volume and Value Contribution

STERLNBANK led the volume’s chart with 54.58% contribution and closely followed by UBA and ZENITHBANK

UBA tops the value’s chart with 21.49% contribution and closely followed by MTNN and ZENITHBANK

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

Ellah Lakes Plc has announced the take-over of the management and operations of Adarice Farms & Associated Assets from Enugu State Government. 

The NASD market inched up by 0.13% to close at 756.43 basis points as against 0.29% loss recorded to close at 755.46 basis points 

The total volume traded advanced by +164.64% to close at 0.118m units valued at N23.00m and traded in 17 deals. 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to zero (0) 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 Hong Kong Hang Seng Index leads the top five gainers with 2.69% gain while the Israel TA-100 Index tops the top five losers with -0.67% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa All Share Index tops the top five gainers with 2.36% gain while the Zimbabwe All Share Index tops the top five losers with -3.82% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size inched up by 0.03% to close at N29.38trn as against N29.37trn recorded previously.

2.2 Overnight and Open Repo (OPR)

The overnight lending rate contracted by 1.17% to close at 9.00% while the Open Repo (OPR) rate also contracted by 1.17% to close at 8.50%

The AFEX ACI and AFEX AEI both closed flat.

Ginger advanced by 308.26% to top the gainers’ chart while Maize declined by 79.35% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.21% gain while Silver also advanced by 0.86% as of 11:20 NY time

In the energy market, Brent advanced by 2.64% while WTI also advanced by 12.75% as of 10:21 AM Central Daylight Time (CDT)

The naira closed flat at the I&E FX Window at N436.33/USD while the NAFEX rate appreciated by 0.05% to close at N435.63