Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 113.48bps amid negative market breadth

The NGX All-Share Index declined by 0.24% to close at 47,322.97 basis points as against 0.25% gain recorded previously to close at 47,436.45 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N61.81bn loss.

YTD, the NGXASI Stands at +10.78%

The total volume traded declined by 56.69% to close at 120.95m, valued at N1.65bn and traded in 3,022 deals. TRANSCORP was the most traded stock by volume with 34.59m units traded while MTNN was also the most traded stock by value which is put at N354.28m

Sectoral performance was broadly negative as four (4) NGX sector index closed northward, ten (10) closed southward and four (4) closed flat. The NGXMERIGRW index advanced by 0.37% to top the gainer’s chart while NGX Banking index declined by 2.14% to top the losers’ chart.

The Gote index closed flat at 136.91 basis points while the Toni index declined by 0.0.39% to close at 119.04 basis points.

At the close of trading, the market recorded 13 gainers to 14 losers and 76 unchanged. CHAMS topped the list of gainers while NEIMETH topped the list of losers.

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.01x.

Volume and Value Contribution

TRANSCORP led the volume’s chart with 28.60% contribution and closely followed by ACCESSCORP and ZENITHBANK

MTNN tops the value’s chart with 21.50% contribution and followed by ZENITHBANK 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 index advanced by 0.02% to close at 711.79 basis points as against flat position recorded previously to close at 711.66 basis points

The total volume traded advanced by 53.08% to close at 30,616 units valued at N737.54m and traded in 4 deal(s).

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to three (3) 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 Hong Kong Hang Seng Index leads the top five gainers with 5.24% gain while the USA Nasdaq Index tops the top five losers with 1.19% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 30 Index tops the top five gainers with 2.07% gain while the BRVM BRVM-10 Share Index tops the top five losers with 1.05% loss as of 4pm Nigerian Time

2.1 Debt Market Size

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

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate expanded by 1.62% to close at 15.75% while the Open Repo (OPR) rate also expanded by 1.00% to close at 14.75%

The AFEX ACI closed flat at 455.71 while the AFEX AEI closed flat at 205.35 basis points

Maize grew by 3.07% to top the gainers chart while Paddy rice declined by 7.25% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.80% gain while Silver advanced by 2.10% as of 11: 04 NY time

In the energy market, Brent advanced by 1.00% and WTI also advanced by 1.98% as of 11: 05 AM Central Daylight Time (CDT)

The naira at the I&E FX Window depreciated by 0.07% to close at N445/USD while the NAFEX rate appreciated by 0.04% to close at N444.5/USD