Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 789.04 bps amid positive market breadth

The NGX All-Share Index declined by -1.53% to close at 50868.52 basis points as against a 0.12% gain recorded previously to close at 51,657.56 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N429.77bn loss.

YTD, the NGXASI Stands at -0.75%

The total volume traded declined by 47.80% to close at 138.716m, valued at N1.83bn and traded in 3673 deals. STERLNBANK was the most traded stock by volume with 29.15m units traded while GTCO was also the most traded stock by value which is put at N447.77m 

Sectoral performance was broadly positive as nine (9) NGX sector index closed northward, five (5) closed southward and four (4) closed flat. The NGX Food and Beverages index advanced by 1.33% to top the gainer’s chart while the NGX MAIN BOARD index declined by 2.68% to top the losers’ chart.

The Gote index closed flat at 136.21 basis points while the Toni index advanced by 0.20% to close at 118.70 basis points.

At the close of trading, the market recorded 19 gainers to 15 losers and 69 unchanged. JOHNHOLT topped the list of gainers while PRESTIGE topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.06x.

Volume and Value Contribution

STERLNBANK led the volume’s chart with 21.01% contribution and closely followed by GTCO and ACCESSCORP

GTCO tops the value’s chart with 56.88% contribution and followed by AIRTELAFRI 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 

The NASD market index advanced by 0.60% to close at 7137.56 basis points as against the 0.41% gain recorded previously to close at 713.28 basis points 

The total volume traded declined by 90.63% to close at 50,750 units valued at N7.8m and traded in 32 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 Argentina MerVal Index leads the top five gainers with 2.54% gain while the Jakarta JKSE Index tops the top five losers with 2.34% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 100 Index tops the top five gainers with 6.89% gain while the Casablanca Index tops the top four losers with 3.82% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size was not available at the time this report was completed.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate closed flat at 9.83% while the Open Repo (OPR) rate closed flat at 9.50%

The AFEX ACI declined by 0.35% to close at 466.66 while the AFEX AEI declined by 0.20% to close at 240.36 basis points

Cashew advanced by 7.06% to top the gainers’ chart while Soybeans declined by 0.19% to top the losers’ chart.

3.3 Global Commodity Prices

Gold declined by -1.30% while Silver declined by -2.60% as of 11: 54 NY time

In the energy market, Brent advanced by 1.59% and WTI also advanced by 1.66% as of 10:57 AM Central Daylight Time (CDT)

The naira at the I&E FX Window advanced by 0.04% to close at N461.5/USD while the NAFEX rate declined by 0.03% to close at N461/USD