Snapshot

Nigerian Equities Market closed positive as the key market indicator declined by 63.01 bps amid positive market breadth.

The NGX All-Share Index advanced by 0.12% to close at 52657.69 basis points as against a -0.06% loss recorded previously to close at 52,594.68 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N34.32bn gain.

YTD, the NGXASI Stands at +2.74%

The total volume traded declined by -67.61% to close at N143.73m, valued at N1.68bn and traded in 3,100 deals. FBNH was the most traded stock by volume with 19.65m units traded while MTNN was also the most traded stock by value which is put at N326.85m 

Sectoral performance was broadly negative as twelve (12) NGX sector index closed northward, one (1) sector index closed southward and five (5) closed flat. The NGX MERIGRW index advanced by 0.46% to top the gainer’s chart while the NGX MERIVAL index declined by 0.05% to top the losers’ chart.

The Gote index stayed flat at 138.51 basis points while the Toni index declined by 0.04% to close at 121.43 basis points.

At the close of trading, the market recorded 25 gainers to 16 losers and 56 unchanged. JOHNHOLT topped the list of gainers while CORNERST topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.08x.

Volume and Value Contribution

FBNH led the volume’s chart with 13.68% contribution and closely followed by CHARMS and GTCO 

MTNN tops the value’s chart with 18.41% contribution and followed by GTCO  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 advanced by 0.54% to close at 710.79 basis points as against the 0.53% loss recorded previously to close at 706.97 basis points. 

The total volume traded declined by -25.06% to close at 15,992,343 units valued at N27.10m and traded in 11 deal(s). 

At the close of trading, NASD OTC market recorded two (2) 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 Argentina MerVal Index leads the top five gainers with 5.1% gain while INDIA NIFTY index leads top three losers with 0.44% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Kenya All Share Index tops the top three gainers with 1.13% gain while the Egypt GGX 70 EWI Index tops the top five losers with 0.47% loss as of 4pm Nigerian Time

2.1 Debt Market Size

Was not ready as at the filing of the report

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate declined to close at 11.17% while the Open Repo (OPR) rate stays flat to close at 11.00%

The AFEX ACI advanced by 0.99% to close at 492.28 while the AFEX declined by 0.87% to close at 245.43

Cashew advanced by 7.20% to top the gainers chart while Paddy rice declined by 2.95% to top the losers’ chart.

3.3 Global Commodity Prices

Gold declined by 0.23% while Silver declined by 4.14% as of 11:53 NY time

In the energy market, Brent advanced by 0.82% and WTI also advanced by 0.33% as of 11:53 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed at N461.63/USD while the NAFEX rate closed at N461.21/USD