Key Highlights
- The equities market recorded Negative performance – the listed equities market, NGXASI, recorded a loss of -0.91% WoW and the NASD OTC closed negative with a -2.36% loss.
- The IEFX rate closed positive and the NAFEX rate closed positive.
- The BDC rates closed positive.
- The Brent Crude Oil price and WTI Crude Oil price moved down at the end of the week.
- The FMDQ Debt Market Size closed negative
- AFEX ACI closed flat while the AEI index closed negative
1. Equity
NSE
- The NGXASI inched down by -0.91% W-o-W.
On top gainer and loser sector indices, NSE BANKING closed positive with +2.27% W-o-W while NSE OIL and GAS closed negative with -4.68% W-o-W.
- During the week, the Gote Index closed flat while the Toni Index closed positive by +2.97% W-o-W.
Chart 1: Market Performance
Market Performance | |||
Sectors | 16-Sep-22 | 23-Sep-22 | WoW Chg |
NGX ASI | 49,475.42 | 49,026.62 | -0.91% |
NSE-30 | 1,763.67 | 1,746.22 | -0.99% |
NSE Consumer Goods | 606.05 | 605.09 | -0.16% |
NSE Banking | 374.09 | 382.59 | 2.27% |
NSE Insurance | 177.96 | 174.26 | -2.08% |
NSE Oil and Gas | 532.15 | 507.25 | -4.68% |
NSE LII | 3,075.59 | 3,042.67 | -1.07% |
NSE-IND | 1,791.53 | 1,721.36 | -3.92% |
NSE-ASeM | 658.99 | 658.99 | 0.00% |
NSE Pension | 1,680.91 | 1,681.76 | 0.05% |
NSE Premium | 4,445.91 | 4,451.66 | 0.13% |
NSE Main Board | 2,282.17 | 2,246.03 | -1.58% |
NSECG | 1,203.29 | 1,198.26 | -0.42% |
NSEAFRBVI | 860.89 | 861.62 | 0.08% |
NSEAFRHDYI | 2,976.65 | 2,957.53 | -0.64% |
NSEMERIGRW | 2,178.86 | 2,147.44 | -1.44% |
NSEMERIVAL | 2,046.72 | 2,084.31 | 1.84% |
NSEGROWTH | 1,659.11 | 1,659.11 | 0.00% |
Dangote Index | 128.26 | 128.26 | 0.00% |
Elumelu Index | 106.43 | 109.59 | 2.97% |
Source: NSE, Proshare Research
NASD
The NASD USI closed negative with -2.36% loss W-o-W
Market CAP closed negative with +2.36% loss W-o-W
Parameter | 16-Sep-22 | 23-Sep-22 | WoW Chg |
USI | 741.08 | 723.56 | -2.36% |
MKT Capitalization (Bn) | 975.57 | 952.51 | -2.36% |
Volume Traded | 178,812,308.00 | 60,420.00 | -99.97% |
Value Traded (000) | 333,068,678.44 | 57,125.00 | -99.98% |
Deals Executed | 10.00 | 5.00 | -50.00% |
Source: NASD Plc
For more updates on the Unlisted OTC market, visit the NASD Page
2. Bonds
Debt Market Size
The FMDQ Debt Market Size moved up by -0.14% to close at N29.31trn
Debt Market Size as @ AUGUST 23, 2022 | |||
Index | 23-Sep-22 | 16-Sep-22 | % Chg |
Debt Market Size | 29.31 | 29.35 | -0.14% |
3. Commodities
Global Commodities
Brent crude oil prices moved down by -6.78% W-o-W to $85.93 per barrel
WTI moved down by -8.81% W-o-W to $78.54 per barrel as at the time of writing this report. (05:03 pm)
Commodity | 23-Sep-22 | 16-Sep-22 | 31-Dec-21 | Weekly Chg | YTD Chg |
Brent | 85.93 | 92.18 | 78.53 | -6.78% | 9.42% |
WTI | 78.54 | 86.13 | 75.89 | -8.81% | 3.49% |
Gold | 1655.5 | 1683.2 | 1827.5 | -1.65% | -9.41% |
Silver | 18.82 | 19.37 | 23.265 | -2.84% | -19.11% |
Platinum | 857.2 | 900.7 | 958 | -4.83% | -10.52% |
Palladium | 2083 | 2110.5 | 1883.5 | -1.30% | 10.59% |
CNBC, Proshare Research |
AFEX Indices
ACI remained flat W-o-W to close at 455.71 and the AEI moved down by -0.56% W-o-W to close at 188.67
Afex Indices | |||
Index | 23-Sep-22 | 16-Sep-22 | % Chg |
ACI | 455.71 | 455.71 | 0.00% |
AEI | 187.67 | 188.72 | -0.56% |
AFEX Commodities
Maize moved down by -3.40% to close at N199.91 and Paddy Rice moved down by -1.73% to close at N269.84
Afex Commodity Prices | |||
Commodities | 23-Sep-22 | 16-Sep-22 | % Chg |
Maize | 199.91 | 206.95 | -3.40% |
Sorghum | 208.33 | 217.49 | -4.21% |
Cashew | 619.61 | 615.65 | 0.64% |
Cocoa | 1192.29 | 1114.2 | 7.01% |
Ginger | 1020.64 | 1020.64 | 0.00% |
Sesame | 830 | 800 | 3.75% |
Soybeans | 345.33 | 357.62 | -3.44% |
Paddy rice | 269.84 | 274.58 | -1.73% |
Wheat | 280 | 380 | -26.32% |
Source: AFEX
4. Forex
The NAFEX closed positive and the IEFX rates closed positive.
BDC Rate closed positive
FX | 23-Sep-22 | 16-Sep-22 | % Chg | 31-Dec-21 | YTD Chg |
I & E | 436.33 | 436.25 | 0.02% | 435 | 0.31% |
BDC | 719 | 712 | 0.98% | 568 | 26.58% |
NAFEX | 435.69 | 435.64 | 0.01% | 414.45 | 5.12% |
Source: FMDQ, CBN, Everdon |
5. Mutual Funds.
For reports on Mutual Funds, Kindly click here for updates from the Fund Managers Association of Nigeria.