Snapshot

Nigerian Equities Market maintained negative posture to close the week in the red zone as the key market indicator dipped further by 35.45bps 

The NGX All-Share Index dipped by 0.13% to close at 49,475.42 basis points as against 0.07% loss recorded previously to close at 49,540.48 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N35.09bn loss.

YTD, the NGXASI Stands at +15.82% 

The total volume traded declined by -35.17% to close at 107.49m, valued at N1.15bn and traded in 3,303 deals. COURTVILLE was the most traded stock by volume with 38.81m units traded while ACCESSCORP was also the most traded stock by value which is put at N249.36m. 

Sectoral performance was broadly negative as two (2) NGX sector index closed northward, ten (10) closed southward while six (6) closed flat. The NGX Insurance Index inched up by 0.65% to top the gainers chart while the NGX Banking Index dipped by 1.39% to top the losers’ chart.

Gote index closed flat at 128.26 basis points while Toni index declined by 2.84% to close at 106.43 basis points.

At the close of trading, market recorded 8 gainers to 13 losers and 70 unchanged. NEM topped the list of gainers while REGALINS topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.07x.

Volume and Value Contribution

FBNH led the volume’s chart with 11.18% contribution and closely followed by ZENITHBANK and ACCESSCORP

ZENITHBANK tops the value’s chart with 20.51% contribution and closely followed by MTNN and GTCO

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

The NASD market close flat at 741.09 basis points as against 0.02% loss recorded to close at 741.08 basis points 

The total volume traded declined by -94.37% to close at 10.06m units valued at N1.59m and traded in 12 deals. 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to one (1) 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 Argentina MerVal Index leads the top five gainers with 0.37% gain while China SSE 180 Index tops the top five losers with -2.46% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the BRVM-C Index tops the top five gainers with 1.87% gain while the Kenya All Share Index tops the top five losers with 4.26% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size was not available as of the time of finalising this report

2.2 Overnight and Open Repo (OPR)

The overnight lending rate expanded by 2.92% to close at 10.17% while the Open Repo (OPR) rate also expanded by 2.67% to close at 9.67%

The AFEX ACI and AFEX AEI were not available as of the time of finalising this report

Cashew advanced by 9.94% to top the gainers’ chart while Soybeans declined by 1.54% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.90% gain while Silver also advanced by 2.37% as of 10:58 NY time

In the energy market, Brent advanced by 2.41% while WTI also advanced by 0.82% as of 09:58 AM Central Daylight Time (CDT)

The naira appreciated by 0.02% to close at the I&E FX Window at N436.25/USD while the NAFEX rate also appreciated by 0.04% to close at N435.64