1. EQUITIES MARKET
Nigerian Equities Market retracted by 724.76 basis points to close in the green zone while key market indicator closed above 50,000 psychological lines amid improved market breadth.
The NGX All-Share Index inched up by 1.47% to close at 50,075.47 basis points as against 2.26% loss recorded to close at 49,350.71 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N390.91bn gain.
YTD, the NGXASI Stands at +17.23%
The total volume traded advanced by +98.58% to close at 279.22m, valued at N2.08bn and traded in 3,576 deals. JAIZBANK was the most traded stock by volume with 115.13m units traded while FBNH was the most traded stock by value which is put at N441.75m.
Sectoral performance was broadly positive as fifteen (15) NGX sector index closed northward, zero (0) closed southward while three (3) closed flat. The NGX Industrial Goods Index inched up by 4.35% to top the gainers chart.
Gote index inched up by 9.48% to close at 138.44 basis points while Toni index dipped by 0.33% to close at 108.95 basis points.
Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.14x.
Volume and Value Contribution
NGX Earnings Summary
No Financial statement was released on the NGX Exchange today.
NGX Corporate News
Nigerian Breweries Plc has announced the dealing in shares by an insider. 19, 302 volumes of shares were sold at an average price N45.63k on August 8, 2022, by an Executive Director.
1.2 NASD OTC Exchange - Unlisted Equities
The NASD market index inched up by 0.10% to close at 764.87 basis points as against 0.01% loss recorded previously to close at 764.08 basis points
The total volume traded declined by -94.31% to close at 0.059m units valued at N4.59m and traded in 16 deals.
At the close of trading, NASD OTC market recorded two (2) gainer(s) to one (1) loser(s)
Volume and Value Contribution
SDFCWAMCO led the volume chart with 34.57% contribution while SDNDEP led the value chart with 50.03% 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.
1.3 Global Indices
On the global scene, the USA Nasdaq Index leads the top five gainers with 2.47 gain while the Hong Kong Hang Seng Index tops the top five losers with -1.96% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Nigeria All Share Index tops the top five gainers with 1.47% gain while the South Africa All Share Index tops the top five losers with -0.74% 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 contracted by 0.17% to close at 14.83% while the Open Repo (OPR) rate also contracted by 0.16% to close at 14.67%
3.1 AFEX Indices
The AFEX ACI and AEI indices were not available as of the time of finalising this report.
3.2 AFEX Commodity Prices
Paddy Rice advanced by +9.18% to top the gainers’ chart while other commodities closed flat.
3.3 Global Commodity Prices
Gold recorded 0.20% gain while Silver also advanced by 1.12% as of 11:51 NY time
In the energy market, Brent declined by 0.55% while WTI also declined by 0.43% as of 10:53 AM Central Daylight Time (CDT)
The naira depreciated by 0.06% at the I&E FX Window to close at N429.00/USD while the NAFEX rate also depreciated by 0.20% to close at N426.67