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Investors Lose N24.59bn as NGXASI Depreciates by 0.09%; Overnight Rate Contracts to Close at 10.17%; BDC Rate Appreciates to N750

Jan 24, 2023   •   by   •   Source: Proshare   •   eye-icon 140 views

Snapshot


 

1. EQUITIES MARKET 

 

Nigerian Equities Market closed negative as the key market indicator declined by 63.01 bps amid positive market breadth.

 

The NGX All-Share Index declined by 0.09% to close at 52612.55 basis points as against a 0.12% gain recorded previously to close at 52657.69 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N24.59bn loss.

 

YTD, the NGXASI Stands at +2.66%

 

The total volume traded advanced by 26.90% to close at N182.4m, valued at N1.68bn and traded in 3,100 deals. GEREGU was the most traded stock by volume with 23.84m units traded while GEREGU was also the most traded stock by value which is put at N3.2b 

 

Sectoral performance was mixed as eight (8) NGX sector index closed northward, eight (8) sector index closed southward and two (2) closed flat. The NGX MERIVAL index advanced by 0.50% to top the gainer’s chart while the NGX SOVBND index declined by 2.30% to top the losers’ chart.

 

The Gote index advanced by 0.68% to close at 138.51 basis points while the Toni index advanced by 1.44% to close at 122.95 basis points.

 

At the close of trading, the market recorded 20 gainers to 14 losers and 63 unchanged. MBENEFIT topped the list of gainers while NB topped the list of losers. 

 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.10x.

 

Volume and Value Contribution

GEREGU led the volume’s chart with 13.07% contribution and closely followed by ACCESSBANK and TRANSCORP 

 

GEREGU tops the value’s chart with 66.27% contribution and followed by GTCO  and ZENITHBANK

 

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 

 

1.2 NASD OTC Exchange - Unlisted Equities

The NASD market index advanced by 0.01% to close at 710.85 basis points as against the 0.54% loss recorded previously to close at 710.79 basis points. 

 

The total volume traded advanced by 57.37% to close at 25,167,301 units valued at N20.39m and traded in 7 deal(s). 

 

At the close of trading, NASD OTC market recorded one (1) 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 USA Nasdaq Index leads the top five gainers with 1.78% gain while Argentina Merval index leads top five losers with 0.85% loss as of 4pm Nigerian Time

 

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 30 Index tops the top three gainers with 1.59% gain while the Kenya 20 Share Index tops the top five losers with 1.03% loss as of 4pm Nigerian Time

 

 

 

2.1 Debt Market Size

Was not ready as at the filing of the report

 

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate declined to close at 10.17% while the Open Repo (OPR) rate stays flat to close at 9.83%

 

 

 

3.1 AFEX Indices

The AFEX ACI advanced by 0.25% to close at 493.51 while the AFEX declined by 0.51% to close at 244.18

 

3.2 AFEX Commodity Prices

Paddy rice advanced by 1.30% to top the gainers chart while Sorghum by 3.71% to top the losers’ chart.

 

3.3 Global Commodity Prices

Gold decline by 0.03% while Silver advanced by 0.77% as of 11:53 NY time

 

In the energy market, Brent declined by -0.91% and WTI also advanced by -0.86% as of 11:53 AM Central Daylight Time (CDT)

 

 

 

The naira at the I&E FX Window closed at N462/USD while the NAFEX rate closed at N461.29/USD

 

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