Snapshot
1. EQUITIES MARKET
Nigerian Equities Market erased previous day gain to open the week negative amid intense sell pressure.
The NGX All-Share index dipped by -0.16% to close at 53,113.64 basis points as against +0.06% gain recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N47.31bn loss
YTD, the NGXASI Stands at +24.34%
The total volume traded advanced by +9.79% to close at 299.99m, valued at N3.09bn and traded in 5,394 deals. FCMB was the most traded stock by volume with 52.08m units traded while GTCO was the most traded stock by value which is put at N446.15m.
Sectoral performance was broadly negative as one (1) NGX sector index closed northward, fourteen (14) closed southward while three (3) closed flat. The NGX Insurance Index inched up by +0.16% while the NGX Meri Growth Index dipped by -0.63% to top all sector indices otherwise.
Gote index dipped by -0.05% to close at 144.32 basis points while Toni index also closed red with -1.06% loss recorded to close 115.69 basis points.
At the close of trading, market recorded 7 gainers to 23 losers and 74 unchanged. LEARNAFRCA topped the list of gainers CAP topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.22x.
NGX Snapshot
Sectoral Indices
Gainers
Losers
Volume and Value Contribution
FCMB led the volume chart with 17.36% contribution and closely followed by UBA and TRANSCORP.
Source: NGX, Proshare Research
GTCO led the value chart with 14.39% contribution and closely followed by UBA and ACCESSCORP.
Source: NGX, Proshare Research
NGX Earnings Summary
Today, Bricklinks Africa Plc released its Q1 2022 financial Statements.
NGX Corporate News
ALEX Plc announced to Nigerian Exchange Limited (NGX), its shareholders and the General Public that the Company erroneously announced that its Board of Directors approved the sum of 50kobo per share as dividend for the Financial Year Ended December 31, 2021, when filing its Audited Financial Statements via the Issuers’ Portal on NGX on March 30, 2022. The Company is by this press release confirming that the actual dividend approved by the Board of Directors of the Company was the sum of 5kobo per share.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD market index dipped by -1.18% to close at 766.14 basis points as against -0.23% loss recorded previously.
The total volume traded inched up by +1629.34% to close at 246,172 units valued at N15.48m and traded in 12 deals.
At the close of trading, NASD OTC market recorded 2 gainer(s) to 1 loser(s)
Snapshot
Gainers
Losers
Volume and Value Contribution
SDFCWAMCO led the volume chart with 56.63% contribution
SDFCWAMCO led the value chart with 87.36% contribution
NASD Earnings Summary
No Financial statement was released on the NASD OTC Exchange today.
NASD Corporate News
NASD OTC Securities Exchange is pleased to announce that it will soon launch a new Digital Securities Platform (N-DSP) through its new Master Agreement with Blockstation and regional partner TK Tech Africa, following the recent publication of the Securities & Exchange Commission’s (SEC) Digital Asset Rulebook
1.3 Global Indices
On the global scene, the Russia MICEX Index leads the top five gainers with 0.29% gain while the USA NASDAQ Index tops the top five losers with -4.94% 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 0.45% gain while the NSX Namibia Index tops the top five losers with -5.02% loss as of 4pm Nigerian Time
2.1 Debt Market Size
The FMDQ Debt Market Size data was not available as of the time of finalizing this report.
2.2 Overnight and Open Repo (OPR)
The overnight lending rate closed flat at 14.00% while the Open Repo (OPR) rate also declined by 0.25% to close at 13.50%
3.1 AFEX Indices
The ACI closed closed flat at 465.66 basis points as against previous figure of 465.66 while the AEI also closed flat at 194.82 basis points as against previous figure of 194.82 basis points.
3.2 AFEX Commodity Prices
Maize advanced by 5.59% to top the gainers chart while Sorghum declined by 2.12% to the losers’ chart.
3.3 Global Commodity Prices
Gold recorded -0.47% loss while Silver also declined by -0.99% as of 12:26 NY time
In the energy market, Brent advanced by 1.47% while WTI also advanced by 1.19% as of 11:25AM Central Daylight Time (CDT)
Source: Proshare Research, Oilprice.com, Goldprice.org
The naira appreciated at the I&E FX Window by 0.12% to close atN420.75/USD while the NAFEX rate depreciated by 0.17% to close at N420.
Source: FMDQ, BDC