Snapshot

Nigerian Equities Market erased previous day gain to close in the red zone as the key market indicator dipped by 23.40bps amid negative market breadth.

The NGX All-Share Index declined by 0.05% to close at 49,421.91 basis points as against 0.01% gain recorded previously to close at 49,445.31 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N12.62bn loss.

YTD, the NGXASI Stands at +15.70% 

The total volume traded declined by -64.85% to close at 51.88m, valued at N590.01m and traded in 2,981 deals. ZENITHBANK was the most traded stock by volume with 6.30m units traded while ZENITHBANK was also the most traded stock by value which is put at N125.54m. 

Sectoral performance was broadly negative as three (3) NGX sector index closed northward, twelve (12) closed southward while three (3) closed flat. The NGX MERIVAL Index inched up by 1.12% to top the gainers chart while the NGX Insurance Index dipped by 1.21% to top the losers’ chart.

Gote index closed flat at 128.26 basis points while Toni index advanced by -0.70% to close at 107.90 basis points.

At the close of trading, market recorded 10 gainers to 12 losers and 77 unchanged. UNITYBNK topped the list of gainers while ACADEMY topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.03x.

Volume and Value Contribution

ZENITHBANK led the volume’s chart with 12.15% contribution and closely followed by GTCO and STERLNBANK

ZENITHBANK tops the value’s chart with 21.28% contribution and closely followed by GTCO and GUINNESS

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 dipped by 0.54% to close at 735.48 basis points as against 0.30% loss recorded to close at 739.51 basis points 

The total volume traded advanced by 568.93% to close at 0.161m units valued at N3.01m and traded in 14 deals. 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to three (3) 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 Netherlands Index leads the top five gainers with 1.20% gain while Russia MICEX Index tops the top five losers with -3.50% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe Index tops the top five gainers with 3.00% gain while the BRVM-10 Index tops the top five losers with 0.94% 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 expanded by 1.92% to close at 13.17% while the Open Repo (OPR) rate also expanded by 1.67% to close at 12.67%

The AFEX ACI and AFEX AEI both closed flat

Paddy Rice advanced by 1.65% to top the gainers’ chart while Sorghum declined by 2.41% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.09% gain while Silver also advanced by 0.78% as of 11:16 NY time

In the energy market, Brent declined by 0.75% while WTI also declined by 1.04% as of 10:18 AM Central Daylight Time (CDT)

The naira appreciated by 0.06% to close at the I&E FX Window at N436.25/USD while the NAFEX rate also appreciated by 0.02% to close at N435.55