Snapshot

Nigerian Equities Market maintained negative posture as the key market indicator dipped further by 45.19bps amid positive market breadth.

The NGX All-Share Index dipped by 0.09% to close at 49,599.73 basis points as against 0.69% loss recorded to close at 49,644.92 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N24.38bn loss.

YTD, the NGXASI Stands at +16.11% 

The total volume traded declined by -7.23% to close at 128.94m, valued at N1.69bn and traded in 3,426 deals. STERLNBANK was the most traded stock by volume with 26.85m units traded while MTNN was the most traded stock by value which is put at N495.49m. 

Sectoral performance was broadly negative as four (4) NGX sector index closed northward, ten (10) closed southward while four (4) closed flat. The NGX MERIGRW Index inched up by 0.26% to top the gainers chart while the NGX MERIVAL Index dipped by 0.93% to top the losers’ chart.

Gote index inched up by 0.02% to close at 128.44 basis points while Toni index also inched up by 0.31% to close at 107.61 basis points.

At the close of trading, market recorded 15 gainers to 13 losers and 66 unchanged. PZ topped the list of gainers while CHAMS 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

STERLNBANK led the volume’s chart with 20.82% contribution and closely followed by ZENITHBANK and GTCO

MTNN tops the value’s chart with 29.70% contribution and closely followed by ZENITHBANK and GTCO

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

Fidelity Bank Plc hereby notifies that an Extra-Ordinary General Meetings will hold at 10a.m. on Thursday, September 29, 2022 at Jupiter Hall, Four Points by Sheraton, Plot 9/10, Block 2, Oniru, Victoria Island, Lagos

The NASD market inched up by 0.69% to close at 757.67 basis points as against 1.26% loss recorded to close at 752.48 basis points 

The total volume traded advanced by +6.86% to close at 0.011m units valued at N1.07m and traded in 2 deals. 

At the close of trading, NASD OTC market recorded one (1) 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 Austria ATX Index leads the top five gainers with 2.18% gain while the Chile IPSA Index tops the top five losers with -3.02% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Kenya All Share Index tops the top five gainers with 4.38% gain while the Zimbabwe All Share Index tops the top five losers with -3.04% 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 expanded by 0.67% to close at 13.50% while the Open Repo (OPR) rate also expanded by 0.67% to close at 13.00%

The AFEX ACI and AFEX AEI both closed flat.

Cocoa advanced by 6.75% to top the gainers’ chart while Soybeans declined by 3.44% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.52% gain while Silver also advanced by 1.78% as of 11:59 NY time

In the energy market, Brent declined by -3.26% while WTI also declined by 3.61% as of 11:02 AM Central Daylight Time (CDT)

The naira depreciated by 0.11% at the I&E FX Window to close at N436.50/USD while the NAFEX rate also depreciated by 0.28% to close at N435.60