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Investors Gain N298.75bn as NGXASI Inches up by +1.05%; Debt Market Size Grows by 0.07% to N27.29trn; IEFX Rate Depreciates to N420.33

May 19, 2022   •   by Proshare Research   •   Source: Proshare   •   eye-icon 316 views
Thursday, May 19, 2022 / 07:35 PM / by Proshare Research / Header Image Credit: Nigerian Exchange Group

 

Snapshot




Equities

 

Nigerian Equities Market halts downtrend to close positive at the end of today’s trading session.

 

The NGX All-Share index inched up by +1.05% to close at 53,275.49 basis points as against the -0.07% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N298.75bn gain

YTD, the NGXASI Stands at +24.72%

The total volume traded declined by -55.14% to close at 274.56mln, valued at N8.45bn and traded in 5,184 deals. TRANSCORP was the most traded stock by volume with 48.38 million units traded, while MTNN was the most traded stock by value which is put at N5.49 billion.

Sectoral performance was broadly positive as eight (8) NGX sector indices closed northward, seven (7) closed southward while three (3) closed flat. The NGX Premium Index topped with +2.32% gain as against NGX Insurance Index which dipped by -1.33%

Gote index closed flat at 156.08 basis points while Toni index closed green with +0.46% gain recorded to close at 117.91 basis points.

At the close of trading, market recorded 20 gainers to 28 losers and 60 unchanged. TRANSCOHOT topped the list of gainers as CONOIL topped the list of losers.

Volume and Value Contribution

TRANSCORP led the volume chart with 17.62% contribution and closely followed by MTNN and CONOIL

 

MTNN led the value chart with 65.05% contribution and closely followed by SEPLAT and CONOIL

NGX Earnings Summary

No Financial statement was released on the NGX today.

 

NGX Corporate News

Airtel Africa Plc has announced that its subsidiary SmartCash Payment Service Bank Limited (‘SmartCash PSB'), has commenced operations in Nigeria. Services will initially be available at selected retail touchpoints, and operations will be expanded gradually across the country over the next few months. 

NASD OTC Exchange

The NASD market index inched up by +0.21% to close at 808.79 basis points as against the -0.02% loss recorded previously. 

The total volume traded advanced by +17,545.68% to close at 20.03m units valued at N24.43mln and traded in 5 deals. 

At the close of trading, NASD OTC market recorded 2 gainer (s) to 0 loser(s)

Volume and Value Contribution

SDFOODCPT led the volume chart with 99.86% contribution 

 

SDFOODCPT led the value chart with 76.14% contribution 

 

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.

 

Global Indices

On the global scene, the Isreal Index leads the top five gainers with 1.55% gain while the Hong Kong Index tops the top five losers with -2.54% loss as of 4pm Nigerian Time

 

African Indices

Similarly on the African scene, the Nigerian ASI tops the top five gainers with 1.05% gain while the Mauritius SEMTRI Index tops the top five losers with -7.06% loss as of 4pm Nigerian Time

 

Bonds and Fixed Income Markets

Debt Market Size

The FMDQ Debt Market Size advanced by 0.07% to close at N27.29trn from N27.27trn.

Overnight and Open Repo (OPR)

The overnight lending rate advanced by 0.12% to 12.50% while the Open Repo (OPR) rate also moved up by 0.50% to close at 12.50%

 

Commodities Market

AFEX Index

Trading data on the AFEX Commodities Exchange indices were not available as of the time of finalising this report. 

 

The ACI moved down by -0.16% to close at 472.56 basis points as against previous figure of 473.32 while the AEI closed flat at 204.07 basis points

 

AFEX Commodity Prices

Sorghum and Paddy Rice both dropped by -9.98% and -3.05% to close at N222.51 and N233.46 respectively

 

Global Commodity Prices

Gold recorded 1.71% gain while Silver also advanced by 2.62% as of 11:21 NY time

 

The two energy commodities, Brent and WTI both advanced by 0.82% and 2.58% respectively as of 10:23AM Central Daylight Time (CDT)

 

Currency/ FX Market

The naira depreciated at the I&E FX Window by 0.26% to close atN420.33/USD while the NAFEX rate also depreciated by 0.10% to close at N417.28.

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