Snapshot

Nigerian Equities Market closed positive as the key market indicator declined by 246.48 bps amid positive market breadth

The NGX All-Share Index declined by -0.48% to close at 51446.6basis points as against a 0.92% gain recorded previously to close at 51693.08 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N134.25bn loss.

YTD, the NGXASI Stands flat

The total volume traded advanced by 50.73% to close at 345.49m, valued at N8.3bn and traded in 4184 deals. FBNH was the most traded stock by volume with 151.38m units traded while BUACEMENT was also the most traded stock by value which is put at N2.92bn 

Sectoral performance was broadly negative as five (5) NGX sector index closed northward, nine (9) closed southward and four (4) closed flat. The NGX INDUSTRIAL index advanced by 1.54% to top the gainer’s chart while the NGX INSURANCE index declined by 1.75% to top the losers’ chart.

The Gote index closed advanced by 2.91% at 140.64 basis points while the Toni index declined by -0.63% to close at 119.81 basis points.

At the close of trading, the market recorded 18 gainers to 15 losers and 64 unchanged. THOMASWY  topped the list of gainers while NEM topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.05x.

Volume and Value Contribution

FBNH led the volume’s chart with 43.28% contribution and closely followed by BUACEMENT and ZENITHBANK

BUACEMENT tops the value’s chart with 35.22% contribution and followed by FBNH and NESTLE

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 0.18% to close at 706.94 basis points as against the 0.89% loss recorded previously to close at 708.22 basis points 

The total volume traded declined by -95.62% to close at 98,792 units valued at N10.43m and traded in 18 deal(s). 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to two (2) 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 East Israel TA-100 Index leads the top five gainers with 2.39% gain while the Singapore Straits Times(STI) Index tops the top five losers with 1.29% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa Resource 10 Index tops the top five gainers with 4.27% gain while the Egypt EGX 70 EWI Index tops the top four losers with 1.28% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size was not available as at the time of filing the report

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate contracted by 1.03% to close at 9.80% while the Open Repo (OPR) rate contracted by 0.67% to close at 9.50%

The AFEX ACI advanced by 0.49% to close at 476.33 while the AFEX AEI advanced 3.26% to close at 239.08 basis points

Cocoa advanced by 0.32% to top the gainers’ chart while Maize declined by 0.08% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.28% while Silver advanced by 0.04% as of 10:56 NY time

In the energy market, Brent declined by 0.41% and WTI also declined by 0.35% as of 10:53 AM Central Daylight Time (CDT)

The naira at the I&E FX Window declined by 0.04% to close at N461.5/USD while the NAFEX rate advanced by 0.13% at N461.5/USD