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Investors Gain N81.01bn as NGXASI Inches up by 0.28%; Open Repo Rate Contracts by 0.17% to Close at 14.50%%; NAFEX Rate Appreciates to N426.17

Aug 05, 2022   •   by   •   Source: Proshare   •   eye-icon 132 views

Snapshot


 

1. EQUITIES MARKET 

 

Nigerian Equities Market erased previous day loss to close in the positive territory as sell pressure wanes

 

The NGX All-Share Index inched up by 0.28% to close at 50,722.33 basis points as against 0.03% loss recorded to close at 50,582.30 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N81.01bn gain.

 

YTD, the NGXASI Stands at +18.74% 

The total volume traded advanced by +14.08% to close at 148.81m, valued at N1.93bn and traded in 4,091 deals. HONYFLOUR was the most traded stock by volume with 16.88m units traded while GTCO was the most traded stock by value which is put at N445.68m. 

Sectoral performance was broadly positive as eleven (11) NGX sector index closed northward, five (5) closed southward while two (2) closed flat. The NGX Consumer Goods Index inched up by 1.52% to top the gainers while NGX Insurance Index dipped by -0.40% to the losers’ chart.

Gote index closed flat at 138.37 basis points while Toni index also closed flat at 109.23 basis points.

At the close of trading, market recorded 22 gainers to 9 losers and 64 unchanged. ETERNA topped the list of gainers while UNILEVER topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.20x.

 

Volume and Value Contribution

HONYFLOUR led the volume’s chart with 16.88% contribution and closely followed by GTCO and FBNH

 

GTCO tops the value’s chart with 27.47% contribution and closely followed by ZENITHBANK and MTNN

 

NGX Earnings Summary

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

 

NGX Corporate News

Tourist Company of Nigeria Plc has notified of the resolutions passed at the 57th Annual General Meeting of the Company held on Friday, July 29, 2022 at the Federal Palace Hotel & Casino, 6 - 8 Ahmadu Bello Way, Victoria Island, Lagos, by 11:00 am

 

1.2 NASD OTC Exchange - Unlisted Equities

The NASD market index dipped by 0.09% to close at 761.27 basis points as against 1.85% loss recorded previously to close at 761.92 basis points

The total volume traded declined by -61.20% to close at 0.463m units valued at N6.65m and traded in 8 deals. 

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

Volume and Value Contribution

SDFOODCPT led the volume chart with 75.17% contribution While SDNIPCOPLC led the value chart with 52.33% 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 Argentina MerVal Index leads the top five gainers with 2.40% gain while the Russia MICEX Index tops the top five losers with -2.92% loss as of 4pm Nigerian Time

 

1.4 African Indices

Similarly, on the African scene, the South Africa ASI tops the top five gainers with 1.17% gain while the Zimbabwe All Share Index tops the top five losers with -0.98% 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 closed flat at 15.00% while the Open Repo (OPR) rate contracted by 0.17% to close at 14.50%

 

 

 

3.1 AFEX Indices

The AFEX ACI declined by 0.90% to close at 454.00 points while the AEI also closed flat at 188.96 points

 

3.2 AFEX Commodity Prices

Paddy Rice advanced by +0.16% to top the gainers’ chart while other commodities closed flat.

 

3.3 Global Commodity Prices

Gold recorded 1.01% loss while Silver also declined by 1.63% as of 11:45 NY time

 

In the energy market, Brent advanced by 1.68% while WTI also advanced by 1.66% as of 10:50AM Central Daylight Time (CDT)

 

 

The naira closed flat at the I&E FX Window at N428.13/USD while the NAFEX rate appreciated by 0.43% to close at N426.17

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