Snapshot

Nigerian Equities Market maintained negative posture as the bears continue to dominate market activities.

The NGX All-Share Index dipped by -0.06% to close at 51,556.54 basis points as against 0.40% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N16.15bn loss.

YTD, the NGXASI Stands at +20.69%

The total volume traded declined by -42.35% to close at 135.26m, valued at N1.44bn and traded in 3,745 deals. TRANSCORP was the most traded stock by volume with 15.55m units traded while GTCO was the most traded stock by value which is put at N267.09m.

Sectoral performance was mixed as seven (7) NGX sector index closed northward, seven (7) closed southward while three (3) closed flat. The NGX MERIVAL Index inched up by +0.17% while the NGX Insurance Index dipped by -1.36% to top all sector indices otherwise.

Gote index closed flat at 143.16 basis points while Toni index closed green with +0.20% gain recorded to close at 113.16 basis points.

At the close of trading, market recorded 15 gainers to 16 losers and 61 unchanged. ACADEMY topped the list of gainers while NEM topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.02x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

TRANSCORP led the volume’s chart with 11.50% contribution and closely followed by GTCO and UBA. 

Source: NGX, Proshare Research

GTCO led the value’s chart with 18.57% contribution and closely followed by AIRTELAFRI and ZENITHBANK

Source: NGX, Proshare Research

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

Oando Plc has announced that it will hold its 43^rd Annual General Meeting on Wednesday August 10^th, 2022 at 10am at The Wings Office Complex, 17a Ozumba Mbadiwe Avenue, Victoria Island, Lagos, Nigeria

The NASD market index dipped by 0.26% to close at 771.91 basis points as against +0.05% gain recorded previously. 

The total volume traded grew by +6304.92% to close at 34.29m units valued at N455.08m and traded in 33 deals. 

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

Snapshot

Gainers

Losers

Volume and Value Contribution

SDCITITRUST led the volume chart with 92.71% contribution 

SDCITITRUST led the value chart with 52.41% 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 USA NASDAQ Index leads the top five gainers with 2.69% gain while the Taiwan Weighted Index tops the top five losers with -2.53% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly on the African scene, the South Africa All Share Index tops the top five gainers with 1.37% gain while the Namibia Index tops the top five losers with -5.14% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size grew by 0.78% to close at N28.36trn as against previous figure of N28.14trn 

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 13.83%

The AFEX Indices were not available as at the time of finalising this report

3.2 AFEX Commodity Prices

Cocoa advanced by 25.68% to top the gainers chart while Maize declined by 16.53% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 1.72% loss while Silver also declined by 0.05% as of 12:27 NY time

In the energy market, Brent declined by 3.19% while WTI also declined by 3.44% as of 11:26AM Central Daylight Time (CDT)

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

The naira appreciated by 0.52% at the I&E FX Window to close at N427.75/USD while the NAFEX rate depreciated by 0.93% to close at N425.44.

Source: FMDQ, BDC