Snapshot

Nigerian Equities Market closed positive as the key market indicator inched up by 214.97 bps amid positive market breadth.

The NGX All-Share Index inched up by 0.40% to close at 54,213.09 basis points as against 0.93% gain recorded previously to close at 53,998.12 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N117.09bn gain.

YTD, the NGXASI Stands at +5.78%

The total volume traded declined by 90.66% to close at N268.02m, valued at N2.35bn and traded in 4,017 deals. UNIVINSURE  was the most traded stock by volume with 63.36m units traded while GTCO was the most traded stock by value which is put at N522.21m 

Sectoral performance was broadly positive as fourteen (14) NGX sector index closed northward, one (1) sector index closed southward and four (4) closed flat. The NGXMERIVAL index advanced by 1.31% to top the gainer’s chart while the NGX Food and Beverages index declined by 0.39% to top the losers’ chart.

The Gote index advanced by 0.02% to close at 139.51 basis points while the Toni index advanced by 2.24% to close at 125.22 basis points.

At the close of trading, the market recorded 35 gainers to 10 losers and 71 unchanged. FTNCOCOA topped the list of gainers while IKEJAHOTEL topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.35x.

Volume and Value Contribution

UNIVINSURE  led the volume’s chart with 23.64% contribution and closely followed by GTCO  and TRANSCORP

GTCO tops the value’s chart with 22.18% contribution and followed by NESTLE and ZENITHBANK  

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. 

The NASD market index advanced by 0.19% to close at 717.15 basis points as against the 0.94% gain recorded previously to close at 715.76 basis points. 

The total volume traded advanced by 34.44% to close at 351,489 units valued at N5.27m and traded in 10 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 East Isreal TA-100 Index leads the top five gainers with 2.18% gain while the Mexico IPC index leads top five losers with 2.23% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe All Share Index tops the top five gainers with 4.77% gain while Tunisia BVMT Index tops the top five losers with 0.63% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size advanced by 0.19% to close at N31.00trn.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate expanded by 0.02% to close at 11.06% while the Open Repo (OPR) rate expanded by 0.04% closed flat at 10.88%

The AFEX ACI advanced by 0.44% to close at 499.58 while the AFEX AEI closed flat at 244.66

Sorghum declined by 5.53% to top the losers chart.

3.3 Global Commodity Prices

Gold declined by 2.02% while Silver also declined by 3.71% as of 10: 04 NY time

In the energy market, Brent advanced by 1.11% and WTI also advanced by 1.31% as of 10: 42 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed flat at N462/USD while the NAFEX rate advanced by 0.02% to close at N461.33/USD