Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 35.72bps amid negative market breadth

The NGX All-Share Index declined by 0.08% to close at 44,011.22 basis points as against 0.54% gain recorded previously to close at 44,046.94 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N19.46bn loss.

YTD, the NGXASI Stands at +3.03% 

The total volume traded declined by 38.72% to close at 97.70m, valued at N847.88m and traded in 2,980 deals. TRANSCORP was the most traded stock by volume with 10.65m units traded while GTCO was also the most traded stock by value which is put at N134m 

Sectoral performance was broadly negative as two (2) NGX sector index closed northward, thirteen (13) closed southward while three (3) closed flat. The NGX Insurance index advanced by 0.17% to top the gainers chart while the NGXAFRDYI index dipped by 1.76% to top the losers’ chart.

Gote index declined by 0.12% to close at 124.85 basis points as the Toni index declined by 0.91% to close at 105.32 basis points.

At the close of trading, market recorded 13 gainers to 20 losers and 70 unchanged. UNILEVER topped the list of gainers while GUINNESS 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

TRANSCORP led the volume’s chart with 10.91% contribution and closely followed by ACCESSCORP and STERLNBANK

GTCO tops the value’s chart with 15.80% contribution and closely followed by ZENITHBANK and NGXGROUP

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 0.21% to close at 711.61 basis points as against flat position recorded previously to close at 713.10 basis points 

The total volume traded closed positive at 38,542,247 units valued at N58.46m and traded in 14 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 East Isreal TA-100 Index leads the top five gainers with 0.74% gain while the Brazil Bovespa Index tops the top five losers with 3.46% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Casablanca Index tops the top five gainers with 1.89% gain while the South Africa Resource 10 Index tops the top five losers with 2.87% 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 also closed flat at 16.25%

The AFEX ACI closed flat at 455.71 while the AFEX AEI closed flat at 210.37 basis points

Sorghum grew by 4.66% to top the gainers chart while Cocoa declined by 3.46% to top the losers chart.

3.3 Global Commodity Prices

Gold recorded 0.86% loss while Silver also depreciated by 2.80% as of 10: 54 NY time

In the energy market, Brent declined by 1.41% while WTI also declined by 1.66% as of 10: 53 AM Central Daylight Time (CDT)

The naira at the I&E FX Window appreciated by 0.21% to close at N445.75/USD while the NAFEX rate closed flat at N444.48/USD