Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 76.36 bps amid negative market breadth.

The NGX All-Share Index advanced by 0.14% to close at 55,605.57 basis points as against a 0.25% gain recorded previously to close at 55,529.21 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N41.60bn gain.

YTD, the NGXASI Stands at +8.50%

The total volume traded declined by 83.54% to close at N123.55m, valued at N2.48bn and traded in 4,076 deals. TRANSCORP was the most traded stock by volume with 11.8m units traded while GEREGU was the most traded stock by value which is put at N604.27m

Sectoral performance was broadly negative as six (6) NGX sector index closed northward, eight (8) sector index closed southward and four (4) closed flat. The NGX PREMIUM index advanced by 0.38% to top the gainer’s chart while the NGX AFRBVI Index declined by 0.49% to top the losers’ chart.

The Gote index advanced by 0.03% to close at 145.90 basis points while the Toni index declined by 0.54% to close at 126.17 basis points.

At the close of trading, the market recorded 16 gainers to 20 losers and 71 unchanged. JBERGER topped the list of gainers while CWG topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.06x.

Volume and Value Contribution

TRANSCORP led the volume’s chart with 9.55% contribution and closely followed by GTCO and UBA

GEREGU tops the value’s chart with 24.33% contribution and followed by GTCO 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 0.02% to close at 724.81 basis points as against the flat position recorded previously to close at 724.99 basis points. 

The total volume traded declined by 63.64% to close at 198,450units valued at N1.13m and traded in 4 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 India NIFTY Index leads the top five gainers with 1.57% gain while the Brazil Bovespa index leads top five losers with 0.74% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa Resource 10 tops the top five gainers with 2.48% gain while Casablanca Casablanca Index tops the top five losers with 0.64% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size closed flat at N31.98trn.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate declined by 0.06% to close at 11.69% while the Open Repo (OPR) rate declined by 0.08% to close at 11.13%

The AFEX ACI closed flat at 478.42 while the AFEX AEI closed flat at 224.26

Ginger advanced by 13.40% to top the gainers chart while Cashew declined by 0.95% to top the losers’ chart.

3.3 Global Commodity Prices

Gold declined by 0.29% while Silver declined by 0.61% as of 10: 51 NY time

In the energy market, Brent declined by 0.07% and WTI also advanced by 0.24% as of 10: 50 AM Central Daylight Time (CDT)

The naira at the I&E FX Window declined by 0.09% to close at N461.33/USD while the NAFEX rate stayed flat at N461.33/USD