Market | Market Updates

Investors Gain N62.95bn as NGXASI Advances by 0.24%; Overnight Rate Contracts to 12.75%; BDC Depreciates to 740

Dec 05, 2022   •   by   •   Source: Proshare   •   eye-icon 162 views





Nigerian Equities Market closed positive as the key market indicator advanced by 115.58 bps amid positive market breadth


The NGX All-Share Index advanced by 0.24% to close at 48,270.23 basis points as against a 1.04% gain recorded previously to close at 48,154.65 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N62.95bn gain.


YTD, the NGXASI Stands at +13.00% 

The total volume traded advanced by 303.56% to close at 645.03m, valued at N4.19bn and traded in 3,486 deals. UPDCREIT was the most traded stock by volume with 460.71m units traded while UPDCREIT was also the most traded stock by value which is put at N1.61bn 

Sectoral performance was broadly positive as eight (8) NGX sector index closed northward, seven (7) closed southward and three (3) closed flat. The NGX-IND index advanced by 1.66% to top the gainer’s chart while NGX Banking index declined by 1.29% to top the losers’ chart.

The Gote index closed flat at 136.84 basis points while the Toni index declined by 0.27% to close at 110.99 basis points.

At the close of trading, the market recorded 17 gainers to 16 losers and 65 unchanged. GUINNESS topped the list of gainers while GEREGU topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.02x.


Volume and Value Contribution

UPDCREIT led the volume’s chart with 71.42% contribution and closely followed by FBNH and ZENITHBANK


UPDCREIT tops the value’s chart with 38.47% contribution and followed by FBNH 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


1.2 NASD OTC Exchange - Unlisted Equities

The NASD market index advanced by 1.23% to close at 719.31 basis points as against the 1.11% gain recorded previously to close at 710.58 basis points 

The total volume traded declined by 98.24% to close at 38,620 units valued at N2.6m and traded in 12 deal(s). 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to zero (0) 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 Hong Kong Hang Seng Index leads the top five gainers with 4.51% gain while the Germany DAX Index tops the top five losers with 0.81% loss as of 4pm Nigerian Time


1.4 African Indices

Similarly, on the African scene, the Egypt EGX 30 Index tops the top five gainers with 5.04% gain while the South Africa Resource 10 Index tops the top five losers with 2.59% loss as of 4pm Nigerian Time




2.1 Debt Market Size

The FMDQ Debt Market Size was not available as at the time this report was completed.


2.2 Overnight and Open Repo (OPR)

The Overnight lending rate contracted by 0.25% to close at 12.75% while the Open Repo (OPR) rate also expanded by 0.50% to close at 11.88%




3.1 AFEX Indices

The AFEX ACI appreciated by 1.42% to closed at 462.19 while the AFEX AEI appreciated by 5.33% to close at 225.87 basis points


3.2 AFEX Commodity Prices

Paddy rice advanced by 1.87% to top the gainers’ chart while Maize declined by 3.67% to top the losers’ chart.


3.3 Global Commodity Prices

Gold recorded 0.49% loss while Silver declined by 2.07% as of 09: 46 NY time


In the energy market, Brent advanced by 2.82% and WTI also advanced by 3.08% as of 09: 47 AM Central Daylight Time (CDT)



The naira at the I&E FX Window closed flat at N445.33/USD while the NAFEX rate depreciated by 0.09% to close at N444.50/USD


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