Snapshot

Nigerian Equities Market dipped further to close the week on a negative note amid increased sell pressure.

The NGX All-Share Index dipped by 0.27% to close at 51,1979.92 basis points as against 0.12% loss recorded to close at 52,122.00 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N76.61bn loss.

YTD, the NGXASI Stands at +21.69% 

The total volume traded advanced by +34.96% to close at 205.05m, valued at N3.06bn and traded in 3,600 deals. UBA was the most traded stock by volume with 63.74m units traded while GTCO  was the most traded stock by value which is put at N755.36m. 

Sectoral performance was negative as four (4) NGX sector index closed northward, twelve (12) closed southward while two (2) closed flat. The NGX Insurance Index inched up by +1.31% while the NGX Banking Index dipped by -2.74% to top all sector indices otherwise.

Gote index closed flat at 138.19 basis points while Toni index declined by 0.48% to close at 110.84 basis points.

At the close of trading, market recorded 9 gainers to 18 losers and 71 unchanged. INTBREW topped the list of gainers while MAYBAKER topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.13x.

NGX Snapshot

Sectoral Indices

Gainers

Losers

Volume and Value Contribution

UBA led the volume’s chart with 31.09% contribution and closely followed by GTCO and FLOURMILL

Source: NGX, Proshare Research

GTCO tops the value’s chart with 24.70% contribution and closely followed by FLOURMILL and UBA

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 that at the Meeting of the Board of Directors of the Company (the Board) held as scheduled on Wednesday, 20th July 2022. The Board considered and approved the Unaudited Financial Statements of the Company for the half year ended 30 June 2022. The approved unaudited financial statements will be filed with the NGX on or before 30 of July 2022.

The NASD market index inched up by +0.24% to close at 766.92 basis points as against -0.06% loss recorded previously to close at 765.09 basis points

The total volume traded advanced by +813.32% to close at 33.05m units valued at N45.63bn and traded in 10 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

SDCSCSPLC led the volume chart with 98.45% contribution 

SDCSCSPLC led the value chart with 98.09% 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 3.54% gain while the South Africa KS11 Index tops the top five losers with -0.66% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly on the African scene, the Zimbabwe ASI tops the top five gainers with 2.30% gain while the BRVO-10 Index tops the top five losers with -0.38% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size grew by 0.65% to close at N29.20trn as against previous figure of N29.01trn.

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 15.0% while the Open Repo (OPR) rate also expanded by 0.08% to close at 14.83%

The AFEX ACI closed flat at 465.07 points while the AEI also closed flat at 194.84 points

Sorghum and Paddy Rice declined by 4.15% and 0.85% respectively top the losers’ chart while the remaining commodities closed flat.

3.3 Global Commodity Prices

Gold recorded 0.78% gain while Silver also advanced by 0.32% as of 11:07 NY time

In the energy market, Brent advanced by 5.43% while WTI also advanced by 0.71% as of 10:10AM Central Daylight Time (CDT)

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

The naira depreciated by 0.94% at the I&E FX Window to close at N430.00/USD while the NAFEX rate appreciated by 0.04% to close at N423.83. 

Source: FMDQ, BDC