Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 14.06bps amid negative market breadth

The NGX All-Share Index advanced by 0.03% to close at 44,332.21 basis points as against 2.31% loss recorded previously to close at 44,318.15 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N7.66bn gain.

YTD, the NGXASI Stands at +3.78% 

The total volume traded declined by 27.90% to close at 119.22m, valued at N3.20bn and traded in 2,909 deals. FIDELITYBK was the most traded stock by volume with 48.09m units traded while AIRTELAFRI was also the most traded stock by value which is put at N1.15bn 

Sectoral performance was broadly negative as seven (7) NGX sector index closed northward, eight (8) closed southward while three (3) closed flat. The NGXAFRHDYI index advanced by 0.24% to top the gainers chart while the Banking Index dipped by 0.82% to top the losers’ chart.

Gote index advanced by 0.16% to close at 128.1 basis points and the Toni index declined by 0.20% to close at 106.42 basis points.

At the close of trading, market recorded 16 gainers to 17 losers and 68 unchanged. CWG topped the list of gainers while BETAGLAS 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

FIDELITYBK led the volume’s chart with 33.02% contribution and closely followed by GTCO and JAIZBANK

AIRTELAFRI tops the value’s chart with 54.95% contribution and closely followed by MTNN 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 declined by 0.01% to close negative at 730.69 basis points as against flat position recorded previously to close at 730.73 basis points 

The total volume traded declined by 70.30% to close at 0.12m units valued at N6.68m and traded in 11 deals. 

At the close of trading, NASD OTC market recorded zero (0) 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 Russia MICEX Index leads the top five gainers with 2.74% gain while the Phillipines PSEi Index tops the top three losers with 1.50% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa Financial 15 Index tops the top five gainers with 2.41% gain while the South Africa Industrial 25 Index tops the top four losers with 2.23% loss as of 4pm Nigerian Time

2.1 Debt Market Size

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

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 16.50% while the Open Repo (OPR) rate closed flat at 16.25%

The AFEX ACI and the AFEX AEI closed flat

Soybeans grew by 8.76% to top the gainers chart as four others closed positive while the remaining closed flat.

3.3 Global Commodity Prices

Gold recorded 0.89% gain while Silver also advanced by 2.66% as of 11:37 NY time

In the energy market, Brent advanced by 1.11% while WTI also advanced by 3.05% as of 10:39 AM Central Daylight Time (CDT)

The naira appreciated by 0.08% at the I&E FX Window to close at N441.13/USD while the NAFEX rate depreciated by 0.01% to close at N440.85/USD