Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 95.08 bps amid positive market breadth.

The NGX All-Share Index declined by 0.18% to close at 52,657.88 basis points as against a 0.29% gain recorded previously to close at 52,752.96 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N51.79bn loss.

YTD, the NGXASI Stands at +2.74%

The total volume traded advanced by 22.50% to close at N171.1m, valued at N2.34bn and traded in 3,559 deals. FIDELITYBANK  was the most traded stock by volume with 26.64m units traded while MTNN was also the most traded stock by value which is put at N407.50m 

Sectoral performance was broadly negative as five (5) NGX sector index closed northward, ten (10) sector index closed southward and three (3) closed flat. The NGX INSURANCE index advanced by 0.36% to top the gainer’s chart while the NGX PREMIUM index declined by 0.76% to top the losers’ chart.

The Gote index stayed flat to close at 139.42 basis points while the Toni index declined by 0.35% to close at 121.58 basis points.

At the close of trading, the market recorded 24 gainers to 11 losers and 62 unchanged. CAP topped the list of gainers while CUTIX topped the list of losers. 

Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at 4.77x.

Volume and Value Contribution

FIDELITYBANK led the volume’s chart with 15.57% contribution and closely followed by CHAMS  and FBNH 

MTNN  tops the value’s chart with 17.39% contribution and followed by GEREGU and NGXGROUP 

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 0.03% to close at 703.23 basis points as against the 0.34% gain recorded previously to close at 703.01 basis points. 

The total volume traded advanced by 11036.19% to close at 2,112,2015 units valued at N31.67m and traded in 14 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 Italy S&P/MIB  Index leads the top five gainers with 1.28% gain while Brazil Bovespa index leads top five losers with 1.32% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa Industrial 25 Index tops the top five gainers with 1.97% gain while the BVRM BVRM-10 Index tops the top five losers with 0.46% loss as of 4pm Nigerian Time

2.1 Debt Market Size

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate stayed flat to close at 11.00% while the Open Repo (OPR) rate stays stayed flat to close at 10.50%

The AFEX ACI declined by 0.12% to close at 495.08 while the AFEX advanced by 0.13% to close at 245.66

Cashew advanced by 8.83% to top the gainers chart while Sorghum by 2.20% to top the losers’ chart.

3.3 Global Commodity Prices

Gold decline by 0.32% while Silver decline by 1.88% as of 10:53 NY time

In the energy market, Brent advanced by 0.57% and WTI also advanced by -0.30% as of 10.34 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed at N461.75/USD while the NAFEX rate closed at N461.4/USD