Snapshot

Nigerian Equities Market closed positive as the key market indicator inched up by 154.65 bps amid flat market breadth.

The NGX All-Share Index inched up by 0.29% to close at 54,367.74 basis points as against 0.40% gain recorded previously to close at 54,213.09 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N84.23bn gain.

YTD, the NGXASI Stands at +6.08%

The total volume traded declined by 28.50% to close at N191.64m, valued at N4.80bn and traded in 4.36 deals. GTCO  was the most traded stock by volume with 50.59m units traded while GTCO was the most traded stock by value which is put at N1.27bn

Sectoral performance was broadly positive as ten (10) NGX sector index closed northward, six (6) sector index closed southward and two (2) closed flat. The NGX PREMIUM index advanced by 0.63% to top the gainer’s chart while the NGX Banking index declined by 0.46% to top the losers’ chart.

The Gote index closed flat at 139.51 basis points while the Toni index advanced by 0.17% to close at 125.43 basis points.

At the close of trading, the market recorded 16 gainers to 16 losers and 81 unchanged. SOVRENINS topped the list of gainers while MCNICHOLS topped the list of losers. 

Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at 0.00x.

Volume and Value Contribution

GTCO  led the volume’s chart with 26.40% contribution and closely followed by ZENITHBANK  and CHAMS

GTCO tops the value’s chart with 26.48% contribution and followed by AIRTELAFRI and SEPLAT  

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. 

The NASD market index declined by 0.21% to close at 715.67 basis points as against the 0.19% gain recorded previously to close at 717.15 basis points. 

The total volume traded declined by 84.70% to close at 53,772 units valued at N2.44m and traded in 9 deal(s). 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to one (1) 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 India NIFTY Index leads the top five gainers with 1.38% gain while the Argentina Merval index leads top five losers with 3.64% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe All Share Index tops the top five gainers with 2.27% gain while Ghana GSE Composite Index tops the top five losers with 2.45% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size closed flat at N31.00trn.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate contracted by 0.02% to close at 10.81% while the Open Repo (OPR) rate also contracted by 0.03% closed flat at 10.50%

The AFEX ACI declined by 2.27% to close at 488.26 while the AFEX AEI declined by 4.75% to close at 233.03

Sorghum advanced by 5.60% to top the gainers chart while Paddy rice declined by 2.87% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.15% while Silver also declined by 0.40% as of 10: 36 NY time

In the energy market, Brent declined by 0.24% and WTI also declined by 0.59% as of 10: 38 AM Central Daylight Time (CDT)

The naira at the I&E FX Window declined by 0.04% to close at N462/.17USD while the NAFEX rate declined by 0.02% to close at N461.42/USD