Snapshot

Nigerian Equities Market erased previous day gain to open the week on a negative note.

The NGX All-Share Index dipped by -0.07% to close at 51,791.45 basis points as against +0.02% marginal gain recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N20.61bn loss.

YTD, the NGXASI Stands at +21.24%

The total volume traded advanced by 52.82% to close at 194.12m, valued at N2.82bn and traded in 4,899 deals. TRANSCORP was the most traded stock by volume with 25.07m units traded while MTNN was the most traded stock by value which is put at N799.89m.

Sectoral performance was broadly negative as four (4) NGX sector index closed northward, eleven (11) closed southward while three (3) closed flat. The NGX Banking and NGXAFRBVI Index both inched up by +0.17% while the NGX Consumer Goods dipped by -0.94% to top all sector indices otherwise.

Gote index closed flat at 143.22 basis points while Toni index closed green with +0.32% gain recorded to close at 112.75 basis points.

At the close of trading, market recorded 16 gainers to 17 losers and 61 unchanged. FIDSON topped the list of gainers while CONOIL 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 12.92% contribution and closely followed by GTCO and UBA. 

Source: NGX, Proshare Research

MTNN led the value’s chart with 28.34% contribution and closely followed by GTCO and AIRTELAFRI

Source: NGX, Proshare Research

NGX Earnings Summary

No financial statement was released on the NGX Exchange today.

NGX Corporate News

Ardova Plc has announced that it wishes to allay concerns over the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 Audited Financial Statements. 

The delay in submission was primarily due to the accounting reconciliations that followed the acquisition of Enyo Retail and Supply Limited (ERSL), a transaction which was concluded in November 2021. Enyo’s accounting has now been harmonized with the IFRS accounting standard already in place at Ardova Plc, following which the group’s Consolidated Financial Statements were completed and duly audited. These audited financial statements were approved by Ardova’s Board of Directors following its meeting on 29 June, 2022, and will be filed with the NGX on or before 8 July, 2022. In accordance with NGX rules, Ardova expects that the suspension of trading will be lifted upon submission.

The NASD market index dipped by -0.07% to close at 773.47 basis points as against 1.41% gain recorded previously. 

The total volume traded declined by -91.57% to close at 10,700 units valued at N0.548m and traded in 3 deals. 

At the close of trading, NASD OTC market recorded 0 gainer(s) to 1 loser(s)

Snapshot

Gainers

Nil

Losers

Volume and Value Contribution

SDNASDPLC led the volume chart with 60.75% contribution 

SDFCWAMCO led the value chart with 74.33% 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 Argentina MerVal Index leads the top five gainers with 1.53% gain while the Jakarta Index tops the top five losers with -2.28% 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 2.08% gain while the Egypt EGC 30 Index tops the top five losers with -5.85% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size grew by 0.04% to close at N28.10trn as against previous figure of N20.09 trn 

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%

3.1 AFEX Indices

The ACI inched up by 1.54% to close at 465.90 basis points as against previous figure of 458.82 while the AEI closed flat at 189.67 basis points as against previous figure of 189.86 basis points.

3.2 AFEX Commodity Prices

Maize advanced by 21.95% to top the gainers chart while Cashew declined by 2.92% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.28% loss while Silver advanced by 0.10% as of 12:00 NY time

In the energy market, Brent advanced by 1.85% while WTI also advanced by 1.82% as of 10:52AM Central Daylight Time (CDT)

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

The naira depreciated by 0.18% at the I&E FX Window to close at N425.75/USD while the NAFEX rate also depreciated by 0.20% to close at N422.13.

Source: FMDQ, BDC