Snapshot

Nigerian Equities Market maintained positive posture as the key market indicator inched up further by 156.03bps to close above 50,000 psychological line.

The NGX All-Share Index inched up by 0.31% to close at 50,045.83 basis points as against 0.11% gain recorded to close at 49,889.80 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N84.65bn gain.

YTD, the NGXASI Stands at +17.16% 

The total volume traded advanced by +4.76% to close at 240.02m, valued at N2.68bn and traded in 3,435 deals. STERLNBANK was the most traded stock by volume with 93.73m units traded while MTNN was the most traded stock by value which is put at N1.21bn. 

Sectoral performance was broadly positive as thirteen (13) NGX sector index closed northward, two (2) closed southward while three (3) closed flat. The NGX AFRBVI Index inched up by 1.20% to top the gainers chart while the NGX Growth Index dipped by 0.51% to top the losers’ chart.

Gote index closed flat at 128.39 basis points while Toni index inched up by 0.15% to close at 108.44 basis points.

At the close of trading, market recorded 23 gainers to 8 losers and 62 unchanged. FCMB topped the list of gainers while RTBRISCOE topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.24x.

Volume and Value Contribution

STERLNBANK led the volume’s chart with 39.05% contribution and closely followed by FIDELITYBK and FIDSON

MTNN tops the value’s chart with 45.16% contribution and closely followed by ZENITHBANK 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 closed flat at 762.12 basis points as against 0.42% loss recorded to close at 765.31 basis points 

The total volume traded declined by -81.99% to close at 0.022m units valued at N0.754m and traded in 8 deals. 

At the close of trading, NASD OTC market recorded zero (0) 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 Germany DAX Index leads the top five gainers with 2.92% gain while the India NIFTY Index tops the top five losers with -1.22% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa All Share Index tops the top five gainers with 2.05% gain while the BRVM-10 Index tops the top five losers with -0.75% 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 5.00% to close at 12.50% while the Open Repo (OPR) rate also contracted by 5.00% to close at 12.00%

The AFEX ACI and AFEX AEI both closed flat.

Sorghum advanced by 38.87% to top the gainers’ chart while Maize declined by 5.74% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 1.16% gain while Silver also advanced by 2.30% as of 11:03 NY time

In the energy market, Brent advanced by 2.34% while WTI also advanced by 2.36% as of 10:05 AM Central Daylight Time (CDT)

The naira depreciated by 0.35% at the I&E FX Window to close at N431.50/USD while the NAFEX rate also appreciated by 0.00% to close at N428.90