Snapshot

Nigerian Equities Market closed positive as the key market indicator advanced by 297.65 bps amid negative market breadth.

The NGX All-Share Index advanced by 0.29% to close at 55,670.24 basis points as against a 0.53% loss recorded previously to close at 55,508.61 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N88.05bn gain.

YTD, the NGXASI Stands at +8.62%

The total volume traded declined by 63.57% to close at N206.11m, valued at N3.26bn and traded in 4,385 deals. TRANSCORP was the most traded stock by volume with 29.75m units traded while AIRTELAFRI was the most traded stock by value which is put at N959.11m

Sectoral performance was broadly negative as five (5) NGX sector index closed northward, ten (10) sector index closed southward and three (3) closed flat. The NGX MAIN BOARD index advanced by 0.63% to top the gainer’s chart while the NGXAFRBVI Index declined by 1.33% to top the losers’ chart.

The Gote index advanced by 0.20% to close at 145.52 basis points while the Toni index declined by 1.62% to close at 127.84 basis points.

At the close of trading, the market recorded 17 gainers to 25 losers and 68 unchanged. SUNUASSUR topped the list of gainers while SOVRENINS topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.12x.

Volume and Value Contribution

TRANSCORP led the volume’s chart with 14.43% contribution and closely followed by ACCESSCORP and UACN

AIRTELAFRI tops the value’s chart with 29.42% contribution and 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 index closed flat at 715.4 basis points as against the 0.02% gain recorded previously to close at 715.4 basis points. 

The total volume traded advanced by 6907.48% to close at 31,537,186 units valued at N26.82m and traded in 5 deal(s). 

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 India NIFTY Index leads the top five gainers with 0.85% gain while the Russia MICEX index leads top five losers with 1.22% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Namibia NSX Index tops the top five gainers with 1.55% gain while Egypt EGX 30 Index tops the top four losers with 1.61% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size was not available at the time of compiling this report.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate closed flat at 10.83% while the Open Repo (OPR) rate closed flat at 10.50%

The AFEX ACI advanced by 0.49% to close at 478.42 while the AFEX AEI declined by 0.29% to close at 224.26

Sorghum advanced by 2.94% to top the gainers chart while Maize declined by 2.13% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 0.04% while Silver declined by 0.48% as of 10: 34 NY time

In the energy market, Brent advanced by 0.38% and WTI also advanced by 0.59% as of 10: 34 AM Central Daylight Time (CDT)

The naira at the I&E FX Window closed flat at N461.35/USD while the NAFEX rate declined by 0.05% to close at N461.3/USD