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Equity Market Returned N107.03bn on Monday as NGXASI Gained 19 basis points; BDC Rate Depreciated to N1,658/USD

Oct 07, 2024   •   by   •   Source: Proshare   •   eye-icon 362 views

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1. EQUITIES MARKET 

 

1.1 NGX – Listed Equities

With continuous buying interests in FIDELITYBK (+10.00%), DANGSUGAR (+5.88%), UBA (+2.38%), OANDO (+1.99%), UCAP (+1.94%), FBNH (+1.60%),  UACN (+0.95%), MTNN (+0.42%), and 20 others, the Nigerian equities market began the trading week bullish, building on gains recorded last Friday.

 

As such, the All-Share Index (ASI) was up 19  basis points to close the session at 97,706.70 points from 97,520.54 points on Friday. Investors gained N107.03bn, with market capitalisation climbing to N56.15trn, while the year-to-date return surged to 30.67%.  

 

The Market Breadth Index (MBI) stood at 0.06x, with 28 gainers against 24 losers and 70 unchanged equities. FIDELITYBK topped the gainers' list, while SCOA topped the losers' list. 

 

The total volume traded advanced by 308.08% to close at 1.31bn, valued at N5.96bn and traded in 10,424 deals. UBA was the most traded stock by volume and value, with 38.12m units traded, worth N1.06bn.

 

The Gote and Toni indices were up 0.25% and 0.41% to close at 251.68 points and 1,147.94 points, respectively, while the Samad index closed flat at 337.71 points.

 

Volume and Value Contribution

UBA was the most traded in volume, contributing 2.91%, while ACCESSCORP and CAVERTON  followed closely with 1.78% and 1.65%, respectively. 

 

UBA contributed the most in value traded, with a 17.81% share, while GTCO and ACCESSCORP followed closely. 

 

NGX Earnings Summary

No Financial statement was released on the NGX website today. For an analysis of the NGX-listed equities, click here

 

NGX Corporate News

  • Airtel Africa Plc Notification Of Transaction In Own Shares - NGX
  • Access Holdings Plc Obtains Approval In Principle To Establish A Banking Subsidiary In Namibia - NGX
  • Guaranty Trust Holding Company Plc Rebuttal Of False News Reports  - NGX
  • Guinness Nig Plc Updated Notice Of Annual General Meeting - NGX
  • Nigerian Aviation Handling Company Plc Notice Of Board Meeting - NGX

 

For more Analysis of the Unlisted Equities, click here.

 

1.2 NASD OTC Exchange - Unlisted Equities

The NASD Securities Index (NSI) closed bullish on Monday, with the NSI rising by 7.40% to close at 3,135.28 points, building on Friday's gain of 7.57% at 2,919.36 points. 

 

The total volume traded advanced by 11024.97% to close at 403.54m units valued at N2.17bn, traded in 108 deal(s).  

 

At the close of trading, the NASD OTC market recorded five (5) gainers and two (2) losers.

 

1.3 Global Indices

The global indices performed positively today, with Brazil’s Bovespa at the top of the chart. For more updates on the Global scene, click here.

 

1.4 African Indices

The prices in the African market are relatively favourable today. For the latest data and updates, please kindly click here.

 

 

2. BONDS AND FIXED-INCOME MARKETS

 

2.1 Debt Market Size

The Debt Market Size was unavailable at the time of finalising this report.

 

2.2 Overnight and Open Repo (OPR)

The Overnight and Open Repos are currently unavailable when finalising this report.

 

 

3. COMMODITIES MARKET

 

3.1 AFEX Indices

The AFEX ACI and AEI were unavailable when finalising this report. Data on AFEX Indices can be accessed here.

 

3.2 AFEX Commodity Prices

On Monday at the AFEX Commodity market, Cocoa increased 1.31% to close at N11,499.09, while Soybeans and Maize fell 2.30% and 1.76% to close at N850.00 and N751.53, respectively. Click here to access more data on AFEX commodity prices. 

 

3.3 LCFE Commodity Price(s)

Eko Gold price at the Lagos Commodities and Futures Exchange (LCFE) closed flat today at N88,900.00 per gram.

 

3.4 Global Commodity Prices 

At 2:15 PM GMT, Gold and Silver traded down 0.38% and 1.06%. Based on escalating geopolitical tensions in the Middle East, Brent and WTI crude futures traded up 1.96% and 2.14%, respectively. Click here to access more data on Global commodity prices.

 

 

4. CURRENCY/ FX MARKET

The NAFEX rate appreciated 0.26% from N1,659.92/USD to N1,655.66/USD, while the BDC rate depreciated 0.12% from N1,656/USD to N1,658/USD. For updates on the Nigerian FX Market, kindly click here.

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