Snapshot

Nigerian Equities Market maintained negative posture to open the week on a negative note amid intense sell pressure.

The NGX All-Share Index dipped by 1.11% to close at 51,400.53 basis points as against 0.27% loss recorded to close at 51,1979.92 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N312.44bn loss.

YTD, the NGXASI Stands at +20.33% 

The total volume traded declined by -51.79% to close at 98.85m, valued at N2.51bn and traded in 4,314 deals. UBA was the most traded stock by volume with 15.85m units traded while AIRTELAFRI  was the most traded stock by value which is put at N1.15bn. 

Sectoral performance was negative as six (6) NGX sector index closed northward, nine (9) closed southward while three (3) closed flat. The NGX Banking Index inched up by +1.03% while the NGX CG Index dipped by -1.42% to top all sector indices otherwise.

Gote index closed flat at 138.19 basis points while Toni index declined by -2.93% to close at 107.59 basis points.

At the close of trading, market recorded 13 gainers to 17 losers and 68 unchanged. FTNCOCOA topped the list of gainers while MTNN topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.06x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

UBA led the volume’s chart with 16.03% contribution and closely followed by ZENITHBANK and TRANSCORP

Source: NGX, Proshare Research

AIRTELAFRI  tops the value’s chart with 45.55% contribution and closely followed by ZENITHBANK and MTNN

Source: NGX, Proshare Research

NGX Earnings Summary

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

NGX Corporate News

BUA Cement Plc has notified the Nigerian Exchange Limited (NGX), its esteemed Shareholders and the investing public that the Company has gone into discussion with the International Finance Corporation (IFC), serving as lead arranger in conjunction with a number of other lenders in a syndication pool, to obtain a loan for the expansion of BUA Cement’s integrated cement plant in Kalambaina, Sokoto State, Nigeria which shall include increasing its capacity from 2.0 million tons per annum (MTPA) to 8.0 MTPA and the development of other ancillary utilities (the Expansion Project)

The NASD market index closed flat at 766.92 basis points as against +0.24% gain recorded previously to close at 766.92 basis points

The total volume traded declined by -89.93% to close at 306,929 units valued at N5.25m and traded in 7 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

SDCSCSPLC led the volume chart with 97.74% contribution 

SDCSCSPLC led the value chart with 85.22% 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 5.22% gain while the USA Nasdaq Index tops the top five losers with -1.72% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe ASI tops the top five gainers with 2.74% gain while the Nigeria All Share Index tops the top five losers with -1.11% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size dropped by 0.14% to close at N29.16trn as against previous figure of N29.20trn.

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 15.0% while the Open Repo (OPR) rate also closed flat at 14.83%

The AFEX ACI moved up by 1.49% to close at 472.01 points while the AEI also closed flat at 194.84 points

Maize advanced by 10.96% to top the gainers chart while Paddy Rice declined by 8.43% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.45% loss while Silver also declined by 0.70% as of 13:41 NY time

In the energy market, Brent advanced by 6.12% while WTI also advanced by 1.65% as of 12:43PM Central Daylight Time (CDT)

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

The naira appreciated by 0.66% at the I&E FX Window to close at N427.17/USD while the NAFEX rate also appreciated by 0.20% to close at N423.00. 

Source: FMDQ, BDC