Snapshot

Nigerian Equities Market erased previous day loss to close in the green zone as key market indicator moved up by 52.13bps amid negative market breadth.

The NGX All-Share Index inched up by 0.10% to close at 49,709.46 basis points as against 0.01% loss recorded to close at 49,657.33 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N28.10bn gain.

YTD, the NGXASI Stands at +16.37% 

The total volume traded declined by -3.17% to close at 204.16m, valued at N1.64bn and traded in 3,643 deals. FBNH was the most traded stock by volume with 36.83m units traded while FBNH was also the most traded stock by value which is put at N396.18m. 

Sectoral performance was broadly negative as six (6) NGX sector index closed northward, nine (9) closed southward while three (3) closed flat. The NGX Industrial Goods Index inched up by 0.96% to top the gainers chart while the NGX Insurance Index dipped by 0.97% to top the losers’ chart.

Gote index closed flat at 135.11 basis points while Toni index also dipped by 0.22% to close at 106.07 basis points.

At the close of trading, market recorded 10 gainers to 21 losers and 66 unchanged. CUTIX topped the list of gainers while PZ topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.17x.

Volume and Value Contribution

FBNH led the volume’s chart with 18.04% contribution and closely followed by ETRANZACT and UBA

FBNH tops the value’s chart with 24.15% contribution and closely followed by GTCO and ACCESSCORP

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

LivingTrust Mortgage Bank Plc has announced the dealing in shares by an insider. 830,042 volumes of shares were sold at N1.43k on August 11, 2022, by an insider.

The NASD market index dipped by 0.39% to close at 756.86 basis points as against 0.31% loss recorded previously to close at 759.83 basis points

The total volume traded advanced by +378.06% to close at 0.571m units valued at N10.35m and traded in 18 deals. 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to three (3) 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 Russia MICEX Index leads the top five gainers with 2.02 gain while the Hong Kong Hang Seng Index tops the top five losers with -1.05% 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 0.98% gain while the Zimbabwe All Share Index tops the top five losers with -1.80% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size declined by 0.24% to close at N29.07trn as against previous figure of N29.14trn

2.2 Overnight and Open Repo (OPR)

The overnight lending rate expanded by 0.50% to close at 15.00% while the Open Repo (OPR) rate also expanded by 0.50% to close at 14.50%

The AFEX ACI and AEI indices were not available as of the time of finalising this report.

Paddy Rice advanced by 3.19% to top the gainers list while other commodities closed flat

3.3 Global Commodity Prices

Gold recorded 0.30% loss while Silver also declined by 0.69% as of 12:09 NY time

In the energy market, Brent declined by 2.32% while WTI also declined by 2.51% as of 11:11 AM Central Daylight Time (CDT)

The naira depreciated by 0.16% at the I&E FX Window to close at N430.67/USD while the NAFEX rate appreciated by 0.01% to close at N427.88