Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 470.74 bps amid positive market breadth

The NGX All-Share Index advanced by 0.92% to close at 51693.08 basis points as against a 0.70% gain recorded previously to close at 51222.34 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N256.4bn gain.

YTD, the NGXASI Stands at 0.86%

The total volume traded advanced by 17.10% to close at 229.22m, valued at N2.91bn and traded in 3900 deals. STERLNBANK was the most traded stock by volume with 85.18m units traded while AIRTELAFRI was also the most traded stock by value which is put at N1.03bn 

Sectoral performance was broadly positive as seven (7) NGX sector index closed northward, six (6) closed southward and five (5) closed flat. The NGX MAIN BOARD index advanced by 1.60% to top the gainer’s chart while the NGX Banking index declined by 1.31% to top the losers’ chart.

The Gote index closed flat at 136.66 basis points while the Toni index advanced by 0.99% to close at 120.57 basis points.

At the close of trading, the market recorded 17 gainers to 16 losers and 64 unchanged. THOMASWY  topped the list of gainers while UBN topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.02x.

Volume and Value Contribution

STERLNBANK led the volume’s chart with 37.16% contribution and closely followed by UBA and FBNH

AIRTELAFRI tops the value’s chart with 35.31% contribution and followed by FBNH and ZENITHBANK

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 0.89% to close at 708.22 basis points as against the 0.41% loss recorded previously to close at 714.6 basis points 

The total volume traded advanced by 1570.5% to close at 2,257,107 units valued at N12.38m and traded in 26 deal(s). 

At the close of trading, NASD OTC market recorded zero (0) 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 USA Dow Jones Ind. Avg. Index leads the top five gainers with 2.99% gain while the India Nifty Index tops the top two losers with 0.74% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa Resource 10 Index tops the top five gainers with 4.27% gain while the Egypt EGX 70 EWI Index tops the top four losers with 1.28% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size declined by 0.07% to N30.29trn.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate contracted by 3.67% to close at 10.83% while the Open Repo (OPR) rate contracted by 2.83% to close at 10.17%

The AFEX ACI advanced by 0.38% to close at 475.81 while the AFEX AEI advanced by 0.51% to close at 240.29 basis points

Sorghum advanced by 9.36% to top the gainers’ chart while Cashew declined by 8.70% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.50% while Silver advanced by 0.38% as of 10:42 NY time

In the energy market, Brent advanced by 2.51% and WTI also advanced by 2.68% as of 10:43 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed flat at N461.67/USD while the NAFEX rate closed declined by 0.03% at N460.88/USD