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Investors Gain N49.85bn as NGXASI Inches up by +0.18%; Debt Market Size Grows by 0.04% to N27.71trn; IEFX Rate Depreciates to N419.75

Jun 03, 2022   •   by Proshare Research   •   Source: Proshare   •   eye-icon 265 views

Snapshot

 

1. EQUITIES MARKET 

 

Nigerian Equities Market halted losing streak as market sentiment turned green at the close of trading today.

 

The NGX All-Share index inched up by +0.18% to close at 52,908.24 basis points as against -0.30% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N49.85bn gain

YTD, the NGXASI Stands at +23.86%

The total volume traded advanced by +3.11% to close at 282.97m, valued at N3.37bn and traded in 4,245 deals. UACN was the most traded stock by volume with 73.89m units traded, while UACN was also the most traded stock by value which is put at N812.89m.

Sectoral performance was broadly positive as thirteen (13) NGX sector indices closed northward, two (2) closed southward while three (3) closed flat. The NGX Insurance Index inched up by +1.41% while the NGX LII Index dipped by -0.09% to top all sector indices otherwise.

Gote index closed red with -0.30% loss recorded to close at 144.30 basis points while Toni index also closed red with -0.15% loss recorded to close 116.38 basis points.

At the close of trading, market recorded 21 gainers to 16 losers and 68 unchanged. NEM topped the list of gainers  WAPIC topped the list of losers. Thus, market breadth closed positive.

NGX Snapshot

 

Sectoral Indices

 

Gainers 

 

Losers

 

Volume and Value Contribution

UACN led the volume chart with 41.25% contribution and closely followed by FBNH and TRANSCORP

Source: NGX, Proshare Research

 

UACN led the value chart with 15.97% contribution and closely followed by FBNH and MTNN

Source: NGX, Proshare Research

 

NGX Earnings Summary

No Financial statement was released on the NGX today.

 

NGX Corporate News

Guaranty Trust Holding Company Plc has notified of the receipt of the final approval of the Central Bank of Nigeria (the CBN) for its wholly owned Payment Subsidiary, HabariPay Limited ("the Company”).

Commenting on the new subsidiary, Mr. Segun Agbaje, Group Chief Executive Officer of GTCO Pic, said: “Payments are central to the development of financial services globally and represent a key growth area for the Group. GTCO Pic has been at the forefront of delivering cutting-edge innovative solutions with its banking franchise and would leverage this capacity to transform the evolving payment space. With HabariPay, we have successfully created another pathway towards enhancing the service experience for our customers and creating more value for our stakeholders.”

He stated further that, “Our vision is an Africa where every payment is digital, and we hope to achieve this by increasingly leveraging technology to improve access to financial services for individuals and empower businesses across Africa with the right digital tools to thrive.”

The new subsidiary will serve to expand GTCO Pic's range of services to largely underserved markets in support of the CBN’s financial inclusion drive and contribute to the resilience of the global payment ecosystem.

 

1.2 NASD OTC Exchange – Unlisted Equities

The NASD market index dipped by -1.28% to close at 752.59 basis points as against -0.47% loss recorded previously. 

The total volume traded declined by -47.22% to close at 140,936, units valued at N12.19m and traded in 16 deals. 

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

Snapshot

 

Gainers 

Nil

 

Losers

 

Volume and Value Contribution

SDFCWAMCO led the volume chart with 56.84% contribution 

 

SDFCWAMCO led the value chart with 58.54% 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 Japanese Index leads the top five gainers with 1.27% gain while the Russian Index tops the top five losers with -1.63% loss as of 4pm Nigerian Time

Source: Proshare Research

 

1.4 African Indices

Similarly on the African scene, the Casablanca Index tops the top five gainers with 0.60% gain while the BRVM-C Index tops the top five losers with -0.62% loss as of 4pm Nigerian Time

 



 

 

2.1 Debt Market Size

The FMDQ Debt Market Size advanced by 0.04% to close at N27.72trn from previous figure of N27.71trn

 

2.2 Overnight and Open Repo (OPR)

The overnight lending rate advanced by 0.83% to close at 7.00% while the Open Repo (OPR) rate also advanced by 0.67% to close at 6.67%

 



 

 

3.1 AFEX Indices

The ACI grew by +3.56% to close at 475.78 basis points as against previous figure of 459.42 while the AEI closed flat at 197.95 basis points.


3.2 AFEX Commodity Prices

Sorghum and Paddy Rice both declined by 9.39% and 9.16% respectively while other commodities closed flat.

 

3.3 Global Commodity Prices

Gold recorded 1.07% loss while Silver also declined by 2.14% as of 12:16 NY time

 

In the energy market, Brent advanced by 1.46% while WTI also advanced by 1.40% as of 11:14AM Central Daylight Time (CDT)



 

The naira depreciated at the I&E FX Window by 0.06% to close atN419.75/USD while the NAFEX rate appreciated by 0.16% to close at N418.45.

Source: FMDQ, BDC



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