Snapshot

Nigerian Equities Market erased previous day loss to close in the green zone as the key market indicator inched up by 52.52bps.

The NGX All-Share Index inched up by 0.11% to close at 49,652.25 basis points as against 0.09% loss recorded previously to close at 49,599.73 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N28.33bn gain.

YTD, the NGXASI Stands at +16.24% 

The total volume traded advanced by +25.55% to close at 161.88m, valued at N1.63bn and traded in 3,541 deals. TRANSCORP was the most traded stock by volume with 30.97m units traded while MTNN was the most traded stock by value which is put at N692.20m. 

Sectoral performance was broadly positive as thirteen (13) NGX sector index closed northward, two (2) closed southward while three (3) closed flat. The NGX MERIVAL Index inched up by 1.24% to top the gainers chart while the NGX Consumer Goods Index dipped by 0.15% to top the losers’ chart.

Gote index closed flat at 128.44 basis points while Toni index also inched up by 0.91% to close at 108.59 basis points.

At the close of trading, market recorded 20 gainers to 9 losers and 63 unchanged. ETRANZACT topped the list of gainers while VITAFOAM topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.17x.

Volume and Value Contribution

TRANSCORP led the volume’s chart with 24.02% contribution and closely followed by FIDELITYBK and STERLNBANK

MTNN tops the value’s chart with 41.50% contribution and closely followed by ZENITHBANK and FIDELITYBK

NGX Earnings Summary

The following company released its results on the NGX Exchange today.

NGX Corporate News

UBA Plc has proposed an interim dividend of N0.20k per share for Audited Half Year 2022 for period ended June 30, 2022

The NASD market dipped by 0.29% to close at 755.46 basis points as against 0.69% gain recorded to close at 757.67 basis points 

The total volume traded advanced by +305.56% to close at 0.045m units valued at N6.70m and traded in 17 deals. 

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 Japan Nikkei 225 Index leads the top five gainers with 2.31% gain while the Hong Kong Hang Seng Index tops the top five losers with -1.00% 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 1.28% gain while the Namibia NSX Index tops the top five losers with -1.75% loss as of 4pm Nigerian Time

2.1 Debt Market Size

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

2.2 Overnight and Open Repo (OPR)

The overnight lending rate contracted by 3.33% to close at 10.17% while the Open Repo (OPR) rate also contracted by 3.33% to close at 9.67%

The AFEX ACI and AFEX AEI both closed flat.

Maize advanced by 396.71% to top the gainers’ chart while Giner declined by 75.51% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.55% loss while Silver also advanced by 0.05% as of 11:42 NY time

In the energy market, Brent advanced by 1.18% while WTI also advanced by 1.89% as of 10:44 AM Central Daylight Time (CDT)

The naira appreciated by 0.04% at the I&E FX Window to close at N436.33/USD while the NAFEX rate depreciated by 0.05% to close at N435.83