Snapshot

Nigerian Equities Market erased previous day loss to close in the green zone while the key market indicator retracted above 50,000 psychological lines.

The NGX All-Share Index inched up by 1.42% to close at 50,370.25 basis points as against 1.04% loss recorded to close at 49,667.14 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N379.16bn gain.

YTD, the NGXASI Stands at +17.92% 

The total volume traded advanced by +23.55% to close at 254.77m, valued at N2.81bn and traded in 4,905 deals. ZENITHBANK was the most traded stock by volume with 22.69m units traded while FLOURMILL was the most traded stock by value which is put at N575.08m. 

Sectoral performance was broadly positive as sixteen (16) NGX sector index closed northward, zero (0) closed southward while two (2) closed flat. The NGX Banking Index inched up by 6.60% to top the gainers.

Gote index closed flat at 138.20 basis points while Toni index advanced by +6.04% to close at 106.70 basis points.

At the close of trading, market recorded 23 gainers to 13 losers and 58 unchanged. UBN topped the list of gainers while PZ topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.17x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

ZENITHBANK led the volume’s chart with 8.91% contribution and closely followed by FLOURMILL and UBA

Source: NGX, Proshare Research

FLOURMILL tops the value’s chart with 20.45% contribution and closely followed by ZENITHBANK and MTNN

Source: NGX, Proshare Research

NGX Earnings Summary

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

NGX Corporate News

Global Spectrum Energy Services Plc has notified that further to the shareholders’ approval at the Annual General Meeting (AGM) of the Company held on Wednesday, 20th July 2022 to voluntarily delist Global Spectrum Energy Services Plc from the floor of Nigerian Exchange Limited (“NGX”), the Company has fixed the delisting offer price at N4.19.

The NASD market index inched up by 0.08% to close at 783.05 basis points as against 0.86% gain recorded previously to close at 782.44 basis points

The total volume traded advanced by +85.53% to close at 261,400 units valued at N5.35m and traded in 15 deals. 

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

Snapshot

Gainers

Losers

Volume and Value Contribution

SDNASDPLC led the volume chart with 55.55% contribution 

SDNASDPLC led the value chart with 48.75% 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 Austria ATX Index leads the top five gainers with 2.71% gain while the Hong Kong Hang Seng tops the top five losers with -2.26% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Ghana GSE Composite tops the top five gainers with 3.24% gain while the Mauritius SEM-10 Index tops the top five losers with -1.44% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size grew by 0.14% to close at N29.15trn as against previous figure of N29.11trn

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 15.00% while the Open Repo (OPR) rate contracted by 0.25% to close at 15.00%

The AFEX ACI inched up by 1.98% to close at 479.90 points while the AEI dipped by -3.02% to close at 188.96 points

Paddy Rice advanced by 0.05% to top the gainers’ chart while other commodities closed flat.

3.3 Global Commodity Prices

Gold recorded 0.59% gain while Silver also advanced by 5.69% as of 13:50 NY time

In the energy market, Brent advanced by 8.02% while WTI also advanced by 2.36% as of 12:52PM Central Daylight Time (CDT)

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

The naira depreciated by 0.66% at the I&E FX Window to close at N429.00/USD while the NAFEX rate also depreciated by 0.39% to close at N426.83 

Source: FMDQ, Aboki Forex