Snapshot

Nigerian Equities Market dipped further as sell pressure persist

The NGX All-Share Index dipped by -0.40% to close at 51,586.50 basis points as against 0.07% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N110.49bn loss.

YTD, the NGXASI Stands at +20.76%

The total volume traded advanced by 20.85% to close at 234.61m, valued at N2.57bn and traded in 4,646 deals. CAP was the most traded stock by volume with 29.32m units traded while GTCO was the most traded stock by value which is put at N592.44m.

Sectoral performance was broadly negative as one (1) NGX sector index closed northward, fourteen (14) closed southward while three (3) closed flat. The NGX Industrial Index both inched up by +0.01% while the NGX Pension Index dipped by -0.63% to top all sector indices otherwise.

Gote index dipped by -0.04% to close at 143.16 basis points while Toni index closed green with +0.16% gain recorded to close at 112.93 basis points.

At the close of trading, market recorded 22 gainers to 15 losers and 64 unchanged. REDSTAREX topped the list of gainers while INTBREW topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.11x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

CAP led the volume’s chart with 12.50% contribution and closely followed by GTCO and UBA. 

Source: NGX, Proshare Research

GTCO led the value’s chart with 23.05% contribution and closely followed by CAP and ZENITHBANK

Source: NGX, Proshare Research

NGX Earnings Summary

The following company released its results on the NGX Exchange today.

NGX Corporate News

Flour Mills of Nigeria Plc has announced that it will hold its board meeting on Friday, 22nd July 2022 to consider among other things, the Company’s Unaudited Financial Statements (UFS) for the first quarter ended 30th June 2022 (2022 Q1 UFS).

The NASD market index inched up by 0.05% to close at 773.89 basis points as against -0.07% loss recorded previously. 

The total volume traded grew by +4909.81% to close at 535,515 units valued at N33.35m and traded in 27 deals. 

At the close of trading, NASD OTC market recorded 2 gainer(s) to 3 loser(s)

Snapshot

Gainers

Losers

Volume and Value Contribution

SDCSCSPLC led the volume chart with 39.84% contribution 

SDNDEP led the value chart with 65.06% 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 2.38% gain while the Austria ATX Index tops the top five losers with -2.68% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly on the African scene, the Kenya All Share Index tops the top five gainers with 5.80% gain while the South Africa All Share Index tops the top five losers with -3.03% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size grew by 0.14% to close at N28.14trn as against previous figure of N20.10 trn 

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 14.00% while the Open Repo (OPR) rate contracted by 0.17% to close at 14.00%

3.1 AFEX Indices

The ACI dipped by 0.12% to close at 465.33 basis points as against previous figure of 465.90 while the AEI closed flat at 189.67 basis points as against previous figure of 189.67 basis points.

3.2 AFEX Commodity Prices

Paddy Rice advanced by 1.56% to top the gainers chart while Sorghum declined by 6.76% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 2.37% loss while Silver declined by 4.05% as of 14:23 NY time

In the energy market, Brent declined by 10.31% while WTI also declined by 9.19% as of 13:23PM Central Daylight Time (CDT)

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

The naira depreciated by 1.00% at the I&E FX Window to close at N430/USD while the NAFEX rate appreciated by 0.15% to close at N421.50.

Source: FMDQ, BDC