Snapshot

Nigerian Equities Market maintained positive posture as market sentiment remained green at the close of trading today.

The NGX All-Share index inched up by +0.34% to close at 53,086.46 basis points as against +0.18% gain recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N96.08bn gain

YTD, the NGXASI Stands at +24.28%

The total volume traded advanced by +167.03% to close at 755.62m, valued at N8.90bn and traded in 4,297 deals. FBNH was the most traded stock by volume with 610.41m units traded, while FBNH was also the most traded stock by value which is put at N6.78m.

Sectoral performance was broadly positive as ten (10) NGX sector indices closed northward, six (6) closed southward while two (2) closed flat. The NGX Premium Index inched up by +0.83% while the NGX Insurance Index dipped by -0.44% to top all sector indices otherwise.

Gote index closed flat at 144.30 basis points while Toni index closed green with +0.28% gain recorded to close 116.71 basis points.

At the close of trading, market recorded 19 gainers to 12 losers and 75 unchanged. CONOIL topped the list of gainers  ABCTRANS topped the list of losers. Thus, market breadth closed positive.

NGX Snapshot

Sectoral Indices

Gainers 

Losers

Volume and Value Contribution

FBNH led the volume chart with 80.78% contribution and closely followed by FLOURMILL and WAPIC. 

Source: NGX, Proshare Research

FBNH led the value chart with 76.11% contribution and closely followed by FLOURMILL and ZENITHBANK. 

Source: NGX, Proshare Research

NGX Earnings Summary

No Financial statement was released on the NGX today.

NGX Corporate News

Airtel Africa Plc has announced the purchase of 58 MHz of additional spectrum spread across 900, 1800, 2100 and 2600 MHz bands, for a gross consideration of $42m. This additional spectrum will support its 4G expansion in the market for both mobile data and fixed wireless home broadband capability, providing significant capacity to accommodate its continued strong data growth in the country. 

The NASD market index inched up by +1.15% to close at 761.24 basis points as against -1.28% loss recorded previously. 

The total volume traded advanced by +8.63% to close at 153,075, units valued at N11.64m and traded in 9 deals. 

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

Snapshot

Gainers 

Losers

Volume and Value Contribution

SDFCWAMCO led the volume chart with 46.55% contribution 

SDFCWAMCO led the value chart with 58.15% 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 Hong Kong Index leads the top five gainers with 2.71% gain while the Jakarta Index tops the top five losers with -1.20% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly on the African scene, the Zimbabwe Index tops the top five gainers with 1.23% gain while the Egypt EGX-30Index tops the top five losers with -0.43% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size advanced by 0.18% to close at N27.77trn from previous figure of N27.72trn

2.2 Overnight and Open Repo (OPR)

The overnight lending rate advanced by 0.08% to close at 7.08% while the Open Repo (OPR) rate also declined by 0.33% to close at 6.33%

3.1 AFEX Indices

The ACI grew by +0.21% to close at 476.78 basis points as against previous figure of 475.78 while the AEI declined by 0.77% to close at 196.43 basis points as against previous figure of 197.95 basis points.

3.2 AFEX Commodity Prices

Maize, Paddy Rice and Sorghum all advanced by 22.63%, 10.08% and 5.76% respectively while other commodities closed flat.

3.3 Global Commodity Prices

Gold recorded 0.38% loss while Silver advanced by 0.68% as of 11:36 NY time

In the energy market, Brent declined by 0.70% while WTI also declined by 0.87% as of 10:37AM Central Daylight Time (CDT)

Source: Proshare Research, Oilprice.com, Goldprice.org

The naira depreciated at the I&E FX Window by 0.12% to close atN420.25/USD while the NAFEX rate also depreciated by 0.22% to close at N419.35.

Source: FMDQ, BDC