Snapshot

Nigerian Equities Market opened the week on a negative note as the key market indicator retracted to close below 50,000 psychological lines.

The NGX All-Share Index dipped by 0.83% to close at 49,950.32 basis points as against 1.42% gain recorded to close at 50,370.25 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N226.45bn loss.

YTD, the NGXASI Stands at +16.93% 

The total volume traded declined by -30.90% to close at 176.03m, valued at N2.27bn and traded in 4,965 deals. GTCO was the most traded stock by volume with 21.37m units traded while ZENITHBANK was the most traded stock by value which is put at N429.28m. 

Sectoral performance was broadly positive as ten (10) NGX sector index closed northward, five (5) closed southward while three (3) closed flat. The NGX Growth Index inched up by 4.97% to top the gainers while NGX Industrial Index dipped by -4.18% to the losers’ chart.

Gote index closed flat at 138.20 basis points while Toni index advanced by +1.64% to close at 108.45 basis points.

At the close of trading, market recorded 18 gainers to 13 losers and 70 unchanged. CAVERTON topped the list of gainers while BUACEMENT topped the list of losers. Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.07x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

GTCO led the volume’s chart with 12.14% contribution and closely followed by ZENITHBANK and ACCESSCORP

Source: NGX, Proshare Research

ZENITHBANK tops the value’s chart with 18.90% contribution and closely followed by GTCO and MTNN

Source: NGX, Proshare Research

NGX Earnings Summary

The following company(ies) released its result on the NGX Exchange today.

NGX Corporate News

Seplat Energy Plc has announced that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline. The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids from Seplat Energy’s major assets OML 4, 38 and 41, connecting them with the Chevron-operated Escravos Terminal. It has a capacity of 160,000 bbl/day, of which the Seplat Energy / NPDC joint venture is entitled to inject 35,000 bbl/day. Dewatering was completed on Friday 29 July and the Site Acceptance Test is now underway with commercial volumes.

The NASD market index closed flat at 783.05 basis points as against 0.08% gain recorded previously to close at 783.05 basis points

The total volume traded declined by -97.53% to close at 6,463 units valued at N0.673m and traded in 5 deals. 

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

Snapshot

Gainers

Nil

Losers

Nil

Volume and Value Contribution

SDNDEP led the volume chart with 61.90% contribution 

SDFCWAMCO led the value chart with 80.71% 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 India NIFTY Index leads the top five gainers with 1.35% gain while the Argentina MerVal tops the top five losers with -5.86% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Uganda ASI tops the top five gainers with 2.93% gain while the Kenya All Share Index tops the top five losers with -1.55% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size declined by 0.03% to close at N29.14trn as against previous figure of N29.15trn

2.2 Overnight and Open Repo (OPR)

The overnight lending rate contracted by 4.50% to close at 10.50% while the Open Repo (OPR) rate also contracted by 4.75% to close at 10.00%

The AFEX ACI dipped by 2.59% to close at 467.46 points while the AEI closed flat at 188.96 points

Paddy Rice advanced by 0.42% to top the gainers’ chart while other commodities closed flat.

3.3 Global Commodity Prices

Gold recorded 0.06% gain while Silver declined by 0.20% as of 11:34 NY time

In the energy market, Brent declined by 3.88% while WTI also declined by 4.94% as of 10:37AM Central Daylight Time (CDT)

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

The naira appreciated by 0.03% at the I&E FX Window to close at N428.88/USD while the NAFEX rate depreciated by 0.08% to close at N427.17 

Source: FMDQ, Aboki Forex