Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 234.60bps amid positive market breadth

The NGX All-Share Index declined by 0.52% to close at 44,625.18 basis points as against 0.16% gain recorded previously to close at 44,859.78 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N127.78bn loss.

YTD, the NGXASI Stands at +4.47% 

The total volume traded advanced by 61.44% to close at 150.97m, valued at N1.55bn and traded in 2,998 deals. MBENEFIT was the most traded stock by volume with 47.85m units traded while AIRTELAFRI was also the most traded stock by value which is put at N573.53m 

Sectoral performance was broadly positive as eight (8) NGX sector index closed northward, five (5) closed southward while five (5) closed flat. The NGXMERIVAL index advanced by 1.15% to top the gainers chart while the NGC MAIN BOARD Index dipped by 1.09% to top the losers’ chart.

Gote index closed flat at 127.90 basis points and the Toni index declined by 0.02% to close at 106.30 basis points.

At the close of trading, market recorded 11 gainers to 9 losers and 78 unchanged. REGALINS topped the list of gainers while PHARMDEKO topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.03x.

Volume and Value Contribution

MBENEFIT led the volume’s chart with 31.69% contribution and closely followed by PHARMDEKO and TRANSCORP

AIRTELAFRI tops the value’s chart with 36.90% contribution and closely followed by MTNN 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 722.54 basis points as against 0.01% loss recorded previously to close at 722.54 basis points 

The total volume traded advanced by 71.07% to close at 0.2m units valued at N13.67m and traded in 6 deals. 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to zero (0) loser(s)

Gainers

Nil

Losers

Nil

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 1.82% gain while the USA Nasdaq Index tops the top five losers with 1.89% 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 4.92% gain while the Mauritius SEM 10 Index tops the top five losers with 0.69% 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 contracted by 1.18% to close at 15.33% while the Open Repo (OPR) rate also contracted by 1.51% to close at 14.83%

The AFEX ACI closed flat at 455.71 while the AFEX AEI closed flat at 200.3

Paddy Rice grew by 10.00% to top the 5 gainers chart while the rest remained flat.

3.3 Global Commodity Prices

Gold recorded 0.19% loss while Silver also declined by 0.05% as of 11:32 NY time

In the energy market, Brent advanced by 3.37% while WTI advanced by 1.83% as of 10:33 AM Central Daylight Time (CDT)

The naira depreciated by 0.64% at the I&E FX Window to close at N444.50/USD while the NAFEX rate depreciated by 0.08% to close at N441.66/USD