Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 117.89bps amid flat market breadth

The NGX All-Share Index declined by 0.25% to close at 47,436.45 basis points as against 2.04% gain recorded previously to close at 47,554.34 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N64.21bn loss.

YTD, the NGXASI Stands at +11.05% 

The total volume traded advanced by 182.15% to close at 279.28m, valued at N1.56bn and traded in 3,781 deals. REGALINS was the most traded stock by volume with 97.63m units traded while BUACEMENT was also the most traded stock by value which is put at N268.67m 

Sectoral performance was broadly negative as five (5) NGX sector index closed northward, eleven (11) closed southward and two (2) closed flat. The NGX Insurance index advanced by 1.49% to top the gainer’s chart while NGX-IND index declined by 1.31% to top the losers’ chart.

The Gote index advanced by 0.04% to close at 136.91 basis points while the Toni index declined by 0.80% to close at 119.47 basis points.

At the close of trading, the market recorded 15 gainers to 15 losers and 77 unchanged. PRESTIGE topped the list of gainers while BETAGLAS topped the list of losers. 

Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at 0.00x.

Volume and Value Contribution

REGALINS led the volume’s chart with 34.96% contribution and closely followed by JAIZBANK and UBA

BUACEMENT tops the value’s chart with 17.19% contribution and followed by UBA and NESTLE

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

Unlisted Equities

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 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 Phillipines PSEi Index leads the top five gainers with 1.13% gain while the Austria ATX Index tops the top five losers with 1.63% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 100 EWI Index tops the top five gainers with 1.35% gain while the Kenya 20 Share Index tops the top five losers with 0.54% 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 1.50% to close at 14.13% while the Open Repo (OPR) rate also expanded by 1.50% to close at 13.75%

The AFEX ACI closed flat at 455.71 while the AFEX AEI closed flat at 204.19 basis points

Sorghum grew by 1.48% to top the gainers chart while Paddy rice declined by 26.02% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.39% loss while Silver declined by 0.75% as of 10: 37 NY time

In the energy market, Brent declined by 1.23% and WTI also declined by 0.66% as of 10: 38 AM Central Daylight Time (CDT)

The naira at the I&E FX Window appreciated by 0.37% to close at N444.70/USD while the NAFEX rate depreciated by 0.04% to close at N444.67/USD