Snapshot

Nigerian Equities Market closed negative as the key market indicator advanced by 49.16 bps amid positive market breadth.

The NGX All-Share Index declined by 0.09% to close at 54886.04 basis points as against 0.04% gain recorded previously to close at 54915.61 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N26.78bn loss.

YTD, the NGXASI Stands at +7.09%

The total volume traded advanced by 646.50% to close at N156.97m, valued at N2.88bn and traded in 2952 deals. NEIMETH was the most traded stock by volume with 1.07b units traded while NEIMETH was the most traded stock by value which is put at N1.58b.

Sectoral performance was broadly positive as nine (9) NGX sector index closed northward, four (4) sectors index closed southward and five (5) closed flat. The NGX AFRHDYI index advanced by 1.23% to top the gainer’s chart while the NGX Food and Beverages Index declined by 0.25% to top the losers’ chart.

The Gote index declined by 0.02% to close at 150.56 basis points while the Toni index advanced by 0.25% to close at 118.63 basis points.

At the close of trading, the market recorded 8 gainers to 25 losers and 75 unchanged. ACCESSCORP topped the list of gainers while IKEJAHOTEL topped the list of losers.

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.07x.

Volume and Value Contribution

NEIMETH led the volume’s chart with 91.19% contribution and closely followed by UBA and ACCESSCORP

NEIMETH tops the value’s chart with 54.98% contribution and followed by ZENITHBANK and DANGCEM

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 0.05% to close at 731.09 basis points as against flat position recorded previously to close at 731.44 basis points. 

The total volume traded advanced by 7753.87% to close at 58,099,402 units valued at N50,252,355.08 and traded in 12 deal(s). 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to three (3) 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 Russia MICEX index leads the top five gainers with 2.83% gain while the Hong Kong Hang Seng index leads top five losers with 2.65% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 70 EWI tops the top five gainers with 5.11% gain while Kenya 20 Share Index index tops the top five losers with 4.29% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size was not available as at the time of filing the report

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate declined by 0.08% to close at 12.70% and the Open Repo (OPR) advanced by 0.08% to close at 12.25.

The Afex ACI and AEI was not available as at the time of filing the report

Cashew advanced by 0.65% to close at 614.1 while Sorghum declined by 2.69% to close at 214.02.

3.3 Global Commodity Prices

Gold declined by 0.91% while Silver advanced by 0.80% as of 10: 51 NY time

In the energy market, Brent declined by 0.78% and WTI also declined by 1.58% as of 10: 50 AM Central Daylight Time (CDT)

The naira at the I&E FX Window declined by 0.07% to close at N461.5/USD while the NAFEX rate declined by 0.03% to close at N461.17/USD