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Investors Gain N364.39bn as NGXASI Inches up by 1.35%; Overnight Rates Expands by 4.50% to Close at 15%; BDC Rate Appreciates to N665

Aug 02, 2022   •   by   •   Source: Proshare   •   eye-icon 255 views

Snapshot


 

1. EQUITIES MARKET 

1.1 NGX  Listed Equities

Nigerian Equities Market erased previous day loss to close in the positive territory amid positive market breadth while the key market indicator retracted to close above 50,000 psychological lines.

 

The NGX All-Share Index inched up by 1.35% to close at 50,626.04 basis points as against 0.83% loss recorded to close at 49,950.32 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N364.39bn gain.

 

YTD, the NGXASI Stands at +18.52% 

The total volume traded declined by -26.63% to close at 129.16m, valued at N2.86bn and traded in 4,706 deals. FBNH was the most traded stock by volume with 21.37m units traded while ZENITHBANK was the most traded stock by value which is put at N196.24m. 

Sectoral performance was broadly positive as thirteen (13) NGX sector index closed northward, two (2) closed southward while three (3) closed flat. The NGX Premium Index inched up by 2.73% to top the gainers while NGX Growth Index dipped by -0.63% to the losers’ chart.

Gote index closed flat at 138.20 basis points while Toni index declined by -0.72% to close at 107.67 basis points.

At the close of trading, market recorded 17 gainers to 8 losers and 76 unchanged. HONYFLOUR topped the list of gainers while MCNICHOLS topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.12x.

NGX Snapshot

 

Sectoral Indices

 

Gainers

 

Losers

 

Volume and Value Contribution

FBNH led the volume’s chart with 12.30% contribution and closely followed by MULTIVERSE and GTCO

Source: NGX, Proshare Research

 

ZENITHBANK tops the value’s chart with 6.86% contribution and closely followed by GTCO and MTNN

Source: NGX, Proshare Research

 

NGX Earnings Summary

The following company(ies) released its result on the NGX Exchange today.

 

NGX Corporate News

Honeywell Flour Mills Plc has announced to Nigerian Exchange Limited that Flour Mills of Nigeria Pic (“Flour Mills”) has notified the Company of a Mandatory Takeover Offer (“MTO”) that will be made to shareholders of Honeywell by Ecowise Horizon Investment Limited and Greywise Investment Solution Limited.

 

The Mandatory Takeover Offer - for 79,301,976 Ordinary Shares of 50 kobo each in the Company -represents 1% of the total shareholding of Honeywell Flour Mills Pic. FMN has also received the Securities & Exchange Commission’s approval to launch the MTO.

 

1.2 NASD OTC Exchange - Unlisted Equities

The NASD market index dipped by 1.89% to close at 768.14 basis points as against flat position recorded previously to close at 783.05 basis points

The total volume traded advanced by +57.54% to close at 10,182 units valued at N1.23m and traded in 11 deals. 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to one (1) loser(s)

Snapshot

 

Gainers

Nil

 

Losers

 

Volume and Value Contribution

SDFCWAMCO led the volume chart with 58.85% contribution 

 

SDFCWAMCO led the value chart with 46.41% 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.

 

On the global scene, the East Isreal TA-100 Index leads the top five gainers with 2.09% gain while the Hong Kong Hang Seng tops the top five losers with -2.36% loss as of 4pm Nigerian Time

 

1.4 African Indices

Similarly, on the African scene, the Nigeria ASI tops the top five gainers with 1.35% gain while the Ghana Composite Index tops the top five losers with -3.74% loss as of 4pm Nigerian Time

 


 

 

2.1 Debt Market Size

The FMDQ Debt Market Size was not available as of the time of finalising this report.

 

2.2 Overnight and Open Repo (OPR)

The overnight lending rate expanded by 4.50% to close at 15.00% while the Open Repo (OPR) rate also expanded by 4.33% to close at 14.33%

 


 

 

3.1 AFEX Indices

The AFEX ACI dipped by 2.05% to close at 457.87 points while the AEI closed flat at 188.96 points

 


3.2 AFEX Commodity Prices

Sorghum advanced by 15.65% to top the gainers’ chart while Ginger declined by 14.16% to top the losers’ chart

 

3.3 Global Commodity Prices

Gold recorded 0.46% gain while Silver declined by 0.05% as of 11:47 NY time

 

In the energy market, Brent advanced by 0.77% while WTI also advanced by 0.64% as of 10:55AM Central Daylight Time (CDT)

Source: Proshare Research, Oilprice.com, Goldprice.org

 



The naira closed flat at the I&E FX Window at N428.88/USD while the NAFEX rate appreciated by 0.23% to close at N426.20

Source: FMDQ, Aboki Forex


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