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
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.
1.3 Global Indices
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