Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 31.55 bps amid negative market breadth.

The NGX All-Share Index declined by 0.47% to close at 53498.27 basis points as against 2.08% loss recorded previously to close at 53750.77 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N137.55bn loss.

YTD, the NGXASI Stands at +4.38%

The total volume traded advanced by 101.08% to close at N202.85m, valued at N2.05bn and traded in 3071 deals. TRANSCORP was the most traded stock by volume with 61.49m units traded while GTCO was the most traded stock by value which is put at N291.14b.

Sectoral performance was broadly negative as seven (7) NGX sector index closed northward, fifteen (8) sectors index closed southward and three (5) closed flat. Food and Beverages index advanced by 1.50% to top the gainer’s chart while the NGX-IND Index declined by 2.18% to top the losers’ chart.

The Gote index declined by 0.355% to close at 150 basis points while the Toni index stayed flat to close at 118.46 basis points.

At the close of trading, the market recorded 16 gainers to 9 losers and 77 unchanged. PZ topped the list of gainers while CHAMS topped the list of losers.

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.09x.

Volume and Value Contribution

TRANSCORP led the volume’s chart with 30.31% contribution and closely followed by FIDELITYBK and CUSTODIAN

GTCO tops the value’s chart with 14.18% contribution and followed by ZENITHBANK and  MTNN

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 advanced by 1.02% to close at 743.15 basis points as against the gain of 0.07% recorded previously to close at 735.63 basis points.

The total volume traded advanced by 4734.74% to close at 20,080,128 units valued at N44.5m and traded in 36 deal(s).

At the close of trading, NASD OTC market recorded two (2) gainer(s) to zero (0) 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 Argentina Merval leads the top five gainers with 8.02% gain while the USA Nasdaq tops the losers with 1.36% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Nigeria All Share Index tops the top five gainers with 2.18% gain while Zimbabwe All Share Index tops the top five losers with 1.16% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The 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 declined by 0.09% to close at 17.13 and the Open Repo (OPR) declined by 0.03% to close at 17.63.

The Afex ACI and Afex AEI were not available as at the time of filing the report

Maize advanced by 0.21% while Sorghum declined by 3.55% to close at 239.

3.3 Global Commodity Prices

Gold advanced by 0.14% while Silver declined by 0.26% as of 10: 51 NY time.

In the energy market, Brent advanced by 0.73% and WTI also advanced by 0.15% as of 10: 50 AM Central Daylight Time (CDT)

The naira at the I&E FX Window advanced by 0.04% at N461.50/USD while the NAFEX rate advanced by 0.22% to close at N461.02/USD