1. EQUITIES MARKET
Nigerian Equities Market closed positive as the key market indicator advanced by 59.80 bps amid negative market breadth
The NGX All-Share Index advanced by 0.12% to close at 48,426.49 basis points as against a 0.20% gain recorded previously to close at 48,366.69 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N32.57bn gain.
YTD, the NGXASI Stands at +13.37%
The total volume traded declined by 20.82% to close at 146.21m, valued at N3.36bn and traded in 2,810 deals. FBNH was the most traded stock by volume with 59.27m units traded while GEREGU was also the most traded stock by value which is put at N1.53bn
Sectoral performance was broadly flat as seven (7) NGX sector index closed northward, seven (7) closed southward and four (4) closed flat. The NGX Food and Beverages index advanced by 0.90% to top the gainer’s chart while NGXInsurance index declined by 0.55% to top the losers’ chart.
The Gote index closed flat at 136.89 basis points while the Toni index also declined by 0.58% to close at 111.58 basis points.
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.09x.
Volume and Value Contribution
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
1.2 NASD OTC Exchange – Unlisted Equities
The NASD market index closed flat at 712.16 basis points as against the 0.99% loss recorded previously to close at 712.16 basis points
The total volume traded declined by 94.50% to close at 56,370 units valued at N1.3m and traded in 13 deal(s).
At the close of trading, NASD OTC market recorded zero (0) 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.
1.3 Global Indices
On the global scene, the Argentina MerVal Index leads the top three gainers with 1.39% gain while the Hong Kong Hang Seng Index tops the top five losers with 3.22% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Egypt EGX 30 Index tops the top five gainers with 1.99% gain while the South Africa Resource 10 Index tops the top five losers with 1.07% 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 contracted by 0.50% to close at 10.38% while the Open Repo (OPR) rate also contracted by 0.63% to close at 10.00%
3.1 AFEX Indices
The AFEX ACI depreciated by 1.49% to close at 456.93 while the AFEX AEI depreciated by 0.61% to close at 224.44 basis points
3.2 AFEX Commodity Prices
Soybeans advanced by 7.71% to top the gainers’ chart while Cocoa declined by 3.99% to top the losers’ chart.
3.3 Global Commodity Prices
Gold recorded 0.59% gain while Silver advanced by 2.03% as of 10: 27 NY time
In the energy market, Brent advanced by 0.59% and WTI also advanced by 0.43% as of 10: 30 AM Central Daylight Time (CDT)
The naira at the I&E FX Window depreciated by 0.02% to close at N445.87/USD while the NAFEX rate also appreciated by 0.11% to close at N444.20/USD