Snapshot

Nigerian Equities Market dipped further to maintain negative as sell pressure persists while key market indicator closed below 50,000 psychological lines.

The NGX All-Share Index dipped by 2.26% to close at 49,350.71 basis points as against 0.46% loss recorded to close at 50,489.73 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N614.35bn loss.

YTD, the NGXASI Stands at +15.53% 

The total volume traded declined by -32.14% to close at 140.61m, valued at N1.60bn and traded in 3,895 deals. AIICO was the most traded stock by volume with 14.85m units traded while SEPLAT was the most traded stock by value which is put at N441.75m. 

Sectoral performance was broadly negative as two (2) NGX sector index closed northward, thirteen (13) closed southward while three (3) closed flat. The NGX Banking Index inched up by 0.60% to top the gainers while NGX Premium Index dipped by -5.09% to the losers’ chart.

Gote index dipped by 8.62% to close at 126.46 basis points while Toni index also dipped by 0.02% to close at 109.31 basis points.

At the close of trading, market recorded 12 gainers to 15 losers and 78 unchanged. NEM topped the list of gainers while CORNERST topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.04x.

Volume and Value Contribution

AIICO led the volume’s chart with 7.17% contribution and closely followed by STERLNBANK and SOVRENINS

SEPLAT tops the value’s chart with 27.61% contribution and closely followed by MTNN and GTCO

NGX Earnings Summary

The following company(ies) released its result on the NGX Exchange today.

NGX Corporate News

Livingtrust Mortgage Bank Plc has announced the dealing in shares by an insider. 831, 350 volumes of shares were sold at N1.40k on August 5, 2022, by Osun State Government.

The NASD market index dipped by 0.01% to close at 764.08 basis points as against 0.38% gain recorded previously to close at 764.28 basis points

The total volume traded advanced by +92.72% to close at 1.05m units valued at N2.89m and traded in 13 deals. 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to one (1) loser(s)

Volume and Value Contribution

SDFOODCPT led the volume chart with 94.98% contribution while SDNDEP led the value chart with 63.84% 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 Russia MICEX Index leads the top five gainers with 1.70 gain while the Nigeria All Share Index tops the top five losers with -2.26% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Namibia NSX Index tops the top five gainers with 2.64% gain while the Nigeria All Share Index tops the top five losers with -2.26% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size declined by 0.10% to close at N29.13trn as against previous figure of N29.16trn.

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 15.00% while the Open Repo (OPR) rate expanded by 0.08% to close at 14.83%

The AFEX ACI declined by 0.91% to close at 447.09 points while the AEI closed flat at 206.90 points

Maize declined by -7.84% to top the losers’ chart while other commodities closed flat.

3.3 Global Commodity Prices

Gold recorded 0.11% gain while Silver declined by 1.35% as of 11:07 NY time

In the energy market, Brent advanced by 1.15% while WTI also advanced by 2.88% as of 10:09AM Central Daylight Time (CDT)

The naira appreciated by 0.52% at the I&E FX Window to close at N428.75/USD while the NAFEX rate depreciated by 0.31% to close at N425.80