Snapshot

Nigerian Equities Market closed maintained negative posture as the key market indicator dipped further by 35.45bps as sell pressure persists.

The NGX All-Share Index dipped by 0.07% to close at 49,540.48 basis points as against 0.10% loss recorded previously to close at 49,575.93 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N19.12bn loss.

YTD, the NGXASI Stands at +15.98% 

The total volume traded declined by -16.03% to close at 165.79m, valued at N1.23bn and traded in 3,385 deals. COURTVILLE was the most traded stock by volume with 38.81m units traded while ACCESSCORP was also the most traded stock by value which is put at N249.36m. 

Sectoral performance was broadly negative as one (1) NGX sector index closed northward, twelve (12) closed southward while five (5) closed flat. The NGX Industrial Goods Index inched up by 0.14% to top the gainers chart while the NGX Insurance Index dipped by 0.57% to top the losers’ chart.

Gote index dipped by 0.12% to close at 128.26 basis points while Toni index advanced by 0.23% to close at 109.54 basis points.

At the close of trading, market recorded 8 gainers to 15 losers and 68 unchanged. SOVRENINS topped the list of gainers while UACN topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.10x.

Volume and Value Contribution

COURTVILLE led the volume’s chart with 23.41% contribution and closely followed by ACCESSCORP and FIDELITYBK

ACCESSCORP tops the value’s chart with 19.99% contribution and closely followed by SEPLAT and ZENITHBANK

NGX Earnings Summary

The following company released its result on the NGX Exchange today.

NGX Corporate News

No Corporate News was released on the NGX Exchange today

The NASD market dipped by 0.02% to close at 741.08 basis points as against 0.69% loss recorded to close at 741.25 basis points 

The total volume traded advanced by +130162.26% to close at 0.178m units valued at N333.07m and traded in 10 deals. 

At the close of trading, NASD OTC market recorded two (2) gainer(s) to two (2) 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 Hong Kong Hang Seng Index leads the top five gainers with 0.44% gain while Chile IPSA Index tops the top five losers with -1.83% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Lusaka Index tops the top five gainers with 0.02% gain while the Zimbabwe All Share Index tops the top five losers with -1.74% 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 0.20% to close at 7.30% while the Open Repo (OPR) rate closed flat at 7.00%

The AFEX ACI dipped by 0.73% while AFEX AEI closed flat.

Paddy Rice advanced by 5.06% to top the gainers’ chart while Cashew declined by 9.89% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 1.74% loss while Silver also declined by 2.19% as of 11:34 NY time

In the energy market, Brent declined by 3.02% while WTI also declined by 4.14% as of 10:35 AM Central Daylight Time (CDT)

The naira appreciated by 0.04% to close at the I&E FX Window at N436.33/USD while the NAFEX rate depreciated by 0.07% to close at N435.80