Snapshot

Nigerian Equities Market closed on a negative note as the bears continue to dominate trading activities amid intense sell pressure.

The NGX All-Share Index dipped by 1.86% to close at 50,442.37 basis points as against 1.11% loss recorded to close at 51,400.53 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N516.69bn loss.

YTD, the NGXASI Stands at +18.09% 

The total volume traded advanced by +57.98% to close at 98.85m, valued at N2.51bn and traded in 4,314 deals. FLOURMILL was the most traded stock by volume with 19.32m units traded while FLOURMILL was also the most traded stock by value which is put at N618.05m. 

Sectoral performance was negative as zero (0) NGX sector index closed northward, fourteen (14) closed southward while four (4) closed flat. The NGX Premium Index dipped by -3.76% to top all sector indices otherwise.

Gote index closed flat at 138.19 basis points while Toni index declined by -3.13% to close at 104.22 basis points.

At the close of trading, market recorded 3 gainers to 35 losers and 59 unchanged. LIVESTOCK topped the list of gainers while TRANSEXPR topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.54x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

FLOURMILL led the volume’s chart with 12.37% contribution and closely followed by TRANSCORP and GTCO

Source: NGX, Proshare Research

FLOURMILL tops the value’s chart with 21.05% contribution and closely followed by MTNN and AIRTELAFRI  

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 inched up by +1.16% to close at 775.80 basis points as against flat position recorded previously to close at 766.92 basis points

The total volume traded declined by -48.17% to close at 159,705 units valued at N15.81m and traded in 13 deals. 

At the close of trading, NASD OTC market recorded two (2) gainer(s) to zero (0) loser(s)

Snapshot

Gainers

Losers

Nil

Volume and Value Contribution

SDNASDPLC led the volume chart with 53.81% contribution 

SDNDEP led the value chart with 81.87% 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 3.62% gain while the Nigeria All Share Index tops the top five losers with -1.86% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 30 tops the top five gainers with 1.22% gain while the Nigeria All Share Index tops the top five losers with -1.86% 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 closed flat at 15.0% while the Open Repo (OPR) rate expanded by 0.17% to close at 15.00%

The AFEX ACI declined by 0.61% to close at 469.15 points while the AEI also closed flat at 194.84 points

Sorghum declined by 14.41% to top the losers’ chart while other commodities closed flat.

3.3 Global Commodity Prices

Gold recorded 0.08% loss while Silver also advanced by 1.03% as of 11:48 NY time

In the energy market, Brent advanced by 4.80% while WTI declined by 0.85% as of 10:53PM Central Daylight Time (CDT)

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

The naira depreciated by 0.90% at the I&E FX Window to close at N431.00/USD while the NAFEX rate also depreciated by 0.16% to close at N423.67 

Source: FMDQ, BDC