Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 344.60 bps amid positive market breadth

The NGX All-Share Index advanced by 0.67% to close at 51,595.66 basis points as against a 1.89% gain recorded previously to close at 51,251.06 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N187.7bn gain.

YTD, the NGXASI Stands at +20.79% 

The total volume traded declined by 63.88% to close at 321.67m, valued at N4.35bn and traded in 4,122 deals. FBNH was the most traded stock by volume with 207.62m units traded while FBNH was also the most traded stock by value which is put at N2.47bn 

Sectoral performance was broadly positive as thirteen (13) NGX sector index closed northward, two (2) closed southward and three (3) closed flat. The NGX Food and Beverages index advanced by 3.60% to top the gainer’s chart while the NGX GROWTH index declined by 1.51% to top the losers’ chart.

The Gote index closed flat at 136.23 basis points while the Toni index advanced by 5.31% to close at 115.01 basis points.

At the close of trading, the market recorded 22 gainers to 9 losers and 74 unchanged. BUAFOODS topped the list of gainers while CWG topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.18x.

Volume and Value Contribution

FBNH led the volume’s chart with 64.54% contribution and closely followed by GTCO and AIICO

FBNH tops the value’s chart with 56.88% contribution and followed by NESTLE and GTCO

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 0.10% to close at 710.39 basis points as against the 0.57% gain recorded previously to close at 709.66 basis points 

The total volume traded declined by 82.25% to close at 193,093 units valued at N16.89m and traded in 17 deal(s). 

At the close of trading, NASD OTC market recorded three (3) 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 Netherlands AEX General Index leads the top five gainers with 2.86% gain while the Brazil Bovespa Index tops the top five losers with 3.59% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 70 EWI Index tops the top five gainers with 4.61% gain while the Casablanca Index tops the top five losers with 2.08% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size was not available as at the time of completing this report.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate contracted by 1.50% to close at 9.83% while the Open Repo (OPR) rate expanded by 2.25% to close at 9.50%

The AFEX ACI advanced by 2.87% to close at 469.1 while the AFEX AEI advanced by 241.36% to close at 241.36 basis points

Cocoa advanced by 5.71% to top the gainers’ chart while Maize declined by 0.26% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.07% while Silver declined by 0.17% as of 11: 12 NY time

In the energy market, Brent declined by 1.28% and WTI also declined by 1.27% as of 11: 14 AM Central Daylight Time (CDT)

The naira at the I&E FX Window advanced by 0.11% to close at N461/USD while the NAFEX rate declined by 0.02% to close at N461.10/USD