Picture: (L - R) Oyewole Akinlemibola – Investor Relations, Wema Bank, Taiwo Akinnawo – Programs Manager WebTV, Proshare, Adanma Ugoeze – Relationship Manager, Wema Bank, Tunde Mabawonku – Chief Finance Officer, Wema Bank, Grace Adejare-Ajuwon – Managing Director, Proshare, Evelyn Ogunleye – Business Development Manager, Wema Bank, Saheed Kiaribe – Director of Research, Proshare, Oluwafemi Akinfolarin – Head, Corporate Strategy and Planning, Wema Bank, Lanre Peregrino – Investor Relations, Wema Bank, Teslim Shitta-Bey – Chief Economist/Managing Editor, Proshare.

Snapshot

Nigerian Equities Market erased previous day gain to open the week negative amid intense sell pressure.

The NGX All-Share index dipped by -0.64% to close at 52,775.40 basis points as against -0.16% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N182.36bn loss

YTD, the NGXASI Stands at +23.55%

The total volume traded declined by -37.30% to close at 188.09m, valued at N2.36bn and traded in 4,890 deals. UBA was the most traded stock by volume with 36.42m units traded while GTCO was the most traded stock by value which is put at N531.29m.

Sectoral performance was broadly negative as three (3) NGX sector index closed northward, thirteen (13) closed southward while three (2) closed flat. The NGX Oil and Gas Index inched up by +0.07% while the NGX CG Index dipped by -1.05% to top all sector indices otherwise.

Gote index dipped by -0.01% to close at 144.30 basis points while Toni index also closed red with -0.87% loss recorded to close 114.68 basis points.

At the close of trading, market recorded 11 gainers to 24 losers and 66 unchanged. TRIPPLEG topped the list of gainers  DNMEYER topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.20x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

UBA led the volume chart with 19.36% contribution and closely followed by GTCO and FBNH. 

Source: NGX, Proshare Research

GTCO led the value chart with 22.48% contribution and closely followed by MTNN and ZENITHBANK. 

Source: NGX, Proshare Research

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today

NGX Corporate News

Global Spectrum Energy Services Plc has notified that at its meeting held on Monday, 28th February 2022, and the subsequent written resolution of the board dated 24th March 2022, the Board of Directors of the Company recommended the voluntary delisting of the Company from the Exchange to the shareholders. The Company intends to file an application to voluntarily delist the Company from the Exchange, subject to the approval of shareholders at the Annual General Meeting (AGM) of the Company. The AGM is scheduled to hold on Wednesday, 20th July 2022. The shareholders shall consider the Board’s recommendation to voluntarily de-list the Company.

The NASD market index dipped by -0.22% to close at 764.46 basis points as against -1.18% loss recorded previously. 

The total volume traded inched up by +216.31% to close at 778,677 units valued at N21.02m and traded in 31 deals. 

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

Snapshot

Gainers

Losers

Volume and Value Contribution

SDCSCSPLC led the volume chart with 84.58% contribution 

SDCSCSPLC led the value chart with 45.25% contribution 

NASD Earnings Summary

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

NASD Corporate News

NASD OTC Securities Exchange is pleased to announce the postponement of its “NASD PLC Digital Enlightenment Series” webinar. A new date will be communicated as soon as possible.

On the global scene, the Italy MICEX Index leads the top five gainers with 3.24% gain while the Philippines Index tops the top five losers with -2.40% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly on the African scene, the South African Index tops the top five gainers with 2.77% gain while the Zimbabwe Index tops the top five losers with -1.43% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size declined by 0.04% to close at N27.85trn from previous figure of N27.86trn

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 14.00% while the Open Repo (OPR) rate also advanced by 0.25% to close at 13.75%

3.1 AFEX Indices

The ACI closed flat at 465.66 basis points as against previous figure of 465.66 while the AEI also closed flat at 194.82 basis points as against previous figure of 194.82 basis points.

3.2 AFEX Commodity Prices

Cashew advanced by 28.94% to top the gainers chart while Maize declined by 12.79% to the losers’ chart.

3.3 Global Commodity Prices

Gold recorded +0.52% gain while Silver also advanced by +1.80% as of 10:56 NY time

In the energy market, Brent declined by 0.70% while WTI also declined by 0.86% as of 09:52AM Central Daylight Time (CDT)

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

The naira appreciated at the I&E FX Window by 0.18% to close atN420.00/USD while the NAFEX rate appreciated by 0.42% to close at N418.25.

Source: FMDQ, BDC