Snapshot

Nigerian Equities Market halted negative posture to close in the green zone as the key market indicator moved up marginally by 5.10bps amid negative market breadth.

The NGX All-Share Index inched up by 0.01% to close at 49,445.31 basis points as against 0.07% loss recorded previously to close at 49,440.21 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N3.22bn gain.

YTD, the NGXASI Stands at +15.75% 

The total volume traded advanced by +119.07% to close at 147.59m, valued at N2.39bn and traded in 3,323 deals. GTCO was the most traded stock by volume with 35.82m units traded while MTNN was also the most traded stock by value which is put at N860.43m. 

Sectoral performance was broadly positive as nine (9) NGX sector index closed northward, six (6) closed southward while three (3) closed flat. The NGX MERIGRW Index inched up by 0.92% to top the gainers chart while the NGX Oil and Gas Index dipped by 2.30% to top the losers’ chart.

Gote index closed flat at 128.26 basis points while Toni index declined by -0.47% to close at 107.15 basis points.

At the close of trading, market recorded 11 gainers to 12 losers and 67 unchanged. RTBRISCOE topped the list of gainers while TOTAL topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.01x.

Volume and Value Contribution

GTCO led the volume’s chart with 24.27% contribution and closely followed by CAPHOTEL and FBNH

MTNN tops the value’s chart with 35.94% contribution and closely followed by GTCO 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 dipped by 0.30% to close at 739.51 basis points as against 0.08% gain recorded to close at 741.70 basis points 

The total volume traded declined by 99.90% to close at 24.17m units valued at N4.62m and traded in 9 deals. 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to one (1) 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 Brazil Bovespa Index leads the top five gainers with 1.83% gain while Russia MICEX Index tops the top five losers with -8.62% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 30 Index tops the top five gainers with 1.59% gain while the Uganda All Share Index tops the top five losers with 1.82% 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 expanded by 0.42% to close at 11.25% while the Open Repo (OPR) rate also expanded by 0.67% to close at 11.00%

The AFEX ACI and AFEX AEI both closed flat

Paddy Rice advanced by 2.17% to top the gainers’ chart while Sorghum declined by 3.40% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.62% loss while Silver also declined by 1.64% as of 11:04 NY time

In the energy market, Brent declined by 1.10% while WTI also declined by 1.55% as of 10:06 AM Central Daylight Time (CDT)

The naira appreciated by 0.06% to close at the I&E FX Window at N436.25/USD while the NAFEX rate depreciated by 0.02% to close at N435.63