Snapshot

Nigerian Equities Market further closed southwards as market sentiment remained negative at the close of trading today.

The NGX All-Share index dipped by -0.04% to close at 53,170.73 basis points as against -0.14% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N12.53bn loss

YTD, the NGXASI Stands at +24.47%

The total volume traded grew by +27.90% to close at 318.42m, valued at N3.34bn and traded in 4,345 deals. TRANSCORP was the most traded stock by volume with 165.21m units traded while NESTLE was the most traded stock by value which is put at N678.54m.

Sectoral performance was broadly negative as six (6) NGX sector indices closed northward, ten (10) closed southward while two (2) closed flat. The NGX Insurance Index inched up by +1.47% while the NGX Banking Index dipped by -1.20% to top all sector indices otherwise.

Gote index closed flat at 144.39 basis points while Toni index closed red with -0.70% loss recorded to close 116.84 basis points.

At the close of trading, market recorded 15 gainers to 17 losers and 77 unchanged. UPL topped the list of gainers  CILEASING topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.03x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

TRANSCORP led the volume chart with 51.88% contribution and closely followed by GTCO and UBA. 

Source: NGX, Proshare Research

NESTLE led the value chart with 20.32% contribution and closely followed by GTCO and MTNN. 

Source: NGX, Proshare Research

NGX Earnings Summary

No Financial statement was released on the NGX today.

NGX Corporate News

No Corporate News was released on the NGX today.

The NASD market index inched up by -0.08% to close at 777.11 basis points as against +2.08% gain recorded previously. 

The total volume traded advanced by +184.71% to close at 216,194 units valued at N20.04m and traded in 19 deals. 

At the close of trading, NASD OTC market recorded 1 gainer(s) to 2 loser(s)

Snapshot

Gainers 

Losers

Volume and Value Contribution

SDCSCSPLC led the volume chart with 50.88% contribution 

SD11PLC led the value chart with 51.70% contribution 

NASD Earnings Summary

No Financial statement was released on the NASD OTC Exchange today.

NASD Corporate News

Access Bank Plc ('Access Bank'), a wholly owned subsidiary of Access Holdings Plc ('Access Corporation') is pleased to announce that it has entered into a share purchase agreement with Centum Investment Company Plc ('Centum') for the purchase of 83.4% of the share capital of Sidian Bank Limited ('Sidian'), The purchase consideration is approximately up to NGN 15 billion (USD 37 million), representing a price to book multiple of 1. Ix based on the audited 31 March 2022 shareholders' equity of Sidian. Sidian will be merged with Access Bank's subsidiary in Kenya, Access Bank Kenya, to create a stronger banking institution better positioned to serve the Kenyan market.

On the global scene, the Mexico Index leads the top five gainers with 0.15% gain while the Argentina MerVal Index tops the top five losers with -1.80% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly on the African scene, the Mauritius Index tops the top five gainers with 0.46% gain while the Uganda All Share Index tops the top five losers with -1.62% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size advanced by 0.18% to close at N27.42trn from previous figure of N27.37trn

2.2 Overnight and Open Repo (OPR)

The overnight lending rate declined by 0.83% to close at 7.50% while the Open Repo (OPR) rate also declined by 0.25% to close at 7.25%

3.1 AFEX Indices

The ACI closed moved down by 3.46% to close at 463.13 basis points as against previous figure of 479.72 while the AEI also declined by -1.38% to close at 193.72 basis points as against previous figure of 196.43 basis points.

3.2 AFEX Commodity Prices

Cashew advanced by 28.94% to top the gainers chart while Maize declined by 16.40% to the losers chart.

3.3 Global Commodity Prices

Gold recorded 0.23% loss while Silver also declined by 1.27% as of 12:58 NY time

In the energy market, Brent declined by 0.23% while WTI also declined by 0.42% as of 12:00PM Central Daylight Time (CDT)

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

The naira depreciated at the I&E FX Window by 0.54% to close atN422.50/USD while the NAFEX rate appreciated by 0.18% to close at N419.17.

Source: FMDQ, BDC