Snapshot

Nigerian Equities Market closed in the negative territory as the key market indicator dipped by 51.79bps amid negative market breadth.

The NGX All-Share Index dipped by 0.10% to close at 49,575.93 basis points as against flat position recorded previously to close at 49,627.72 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N27.93bn loss.

YTD, the NGXASI Stands at +16.06% 

The total volume traded advanced by +23.22% to close at 197.46m, valued at N2.94bn and traded in 3,462 deals. COURTVILLE was the most traded stock by volume with 87.14m units traded while NESTLE   was also the most traded stock by value which is put at N1.63bn. 

Sectoral performance was broadly negative as zero (0) NGX sector index closed northward, thirteen (13) closed southward while five (5) closed flat. The NGX Banking Index dipped by 1.32% to top the losers’ chart.

Gote index closed flat at 128.42 basis points while Toni index declined by 0.70% to close at 109.29 basis points.

At the close of trading, market recorded 13 gainers to 17 losers and 68 unchanged. REGALINS topped the list of gainers while FTNCOCOA topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.06x.

Volume and Value Contribution

COURTVILLE led the volume’s chart with 44.13% contribution and closely followed by ZENITHBANK and GTCO

NESTLE tops the value’s chart with 55.33% contribution and closely followed by ZENITHBANK and GTCO

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 0.69% to close at 741.25 basis points as against 0.01% gain recorded to close at 746.43 basis points 

The total volume traded declined by -48.05% to close at 0.137m units valued at N12.34m and traded in 5 deals. 

At the close of trading, NASD OTC market recorded one (1) 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 Argentina MerVal Index leads the top five gainers with 0.86% gain while Japan Nikkei 225 Index tops the top five losers with -2.78% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the BRVM-10 Index tops the top five gainers with 0.73% gain while the Zimbabwe All Share Index tops the top five losers with -6.53% 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 0.50% to close at 7.50% while the Open Repo (OPR) rate also contracted by 0.50% to close at 7.00%

The AFEX ACI and AFEX AEI both closed flat.

Soybeans advanced by 0.80% to top the gainers’ chart while Paddy Rice declined by 1.69% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.03% gain while Silver also advanced by 1.39% as of 11:45 NY time

In the energy market, Brent advanced by 2.45% while WTI also advanced by 1.72% as of 10:46 AM Central Daylight Time (CDT)

The naira depreciated by 0.11% to close at the I&E FX Window at N436.50/USD while the NAFEX rate appreciated by 0.05% to close at N435.50