Snapshot

Nigerian Equities Market closed positive as the key market indicator inched up by 261.01 bps amid flat market breadth.

The NGX All-Share Index inched up by 0.49% to close at 53,499.68 basis points as against 0.15% gain recorded previously to close at 53,238.67 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N142.17bn gain.

YTD, the NGXASI Stands at +4.39%

The total volume traded declined by 19.91% to close at N200.37m, valued at N5.52bn and traded in 3,716 deals. UNIVINSURE  was the most traded stock by volume with 57.79m units traded while GEREGU was the most traded stock by value which is put at N1.64bn 

Sectoral performance was broadly positive as twelve (12) NGX sector index closed northward, four (4) sector index closed southward and two (2) closed flat. The NGX Oil and Gas index advanced by 1.22% to top the gainer’s chart while the NGX Insurance index declined by 1.34% to top the losers’ chart.

The Gote index declined by 0.09% to close at 139.45 basis points while the Toni index advanced by 0.14% to close at 122.55 basis points.

At the close of trading, the market recorded 20 gainers to 20 losers and 77 unchanged. IMG topped the list of gainers while GUINNESS 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

UNIVINSURE  led the volume’s chart with 28.84% contribution and closely followed by GTCO  and UBA

GEREGU tops the value’s chart with 29.61% contribution and followed by AIRTELAFRI 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. 

The NASD market index declined by 0.05% to close at 709.06 basis points as against the 0.05% gain recorded previously to close at 709.39 basis points. 

The total volume traded declined by 98.66% to close at 273,038 units valued at N11.29m and traded in 5 deal(s). 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to two (2) 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 Phiippines PSEi Index leads the top five gainers with 3.57% gain while the Brazil Bovespa index leads top three losers with 0.70% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Uganda All Share Index tops the top five gainers with 3.48% gain while South Africa Resource 10 Index tops the top five losers with 2.70% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size advanced by 2.18% to close at N30.94trn.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate contracted by 0.01% to close at 10.88% while the Open Repo (OPR) rate closed flat at 10.50%

The AFEX ACI advanced by 1.12% to close at 502.97 while the AFEX AEI declined by 0.05% to close at 244.95

Sorghum declined by 0.30% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.22% while Silver also declined by 0.17% as of 11: 01 NY time.

In the energy market, Brent declined by 0.92% and WTI also declined by 0.65% as of 11: 04 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed flat at N461.50/USD while the NAFEX rate closed flat at N461.3/USD