Snapshot

Nigerian Equities Market opened the week on a negative note as the key market indicator dipped by 54.42bps to close below 50,000 psychological line.

The NGX All-Share Index dipped by 0.11% to close at 49,991.41 basis points as against 0.31% gain recorded to close at 50,045.83 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N29.12bn loss.

YTD, the NGXASI Stands at +17.03% 

The total volume traded declined by -16.29% to close at 200.92m, valued at N1.45bn and traded in 3,976 deals. STERLNBANK was the most traded stock by volume with 90.89m units traded while MTNN was the most traded stock by value which is put at N252.47m. 

Sectoral performance was broadly negative as three (3) NGX sector index closed northward, twelve (12) closed southward while three (3) closed flat. The NGX Consumer Goods Index inched up by 0.55% to top the gainers chart while the NGX Banking Index dipped by 0.91% to top the losers’ chart.

Gote index closed flat at 128.39 basis points while Toni index dipped by 0.98% to close at 107.38 basis points.

At the close of trading, market recorded 12 gainers to 15 losers and 73 unchanged. CHAMS topped the list of gainers while ABCTRANS topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.04x.

Volume and Value Contribution

STERLNBANK led the volume’s chart with 45.24% contribution and closely followed by FIDELITYBK and UBA

MTNN tops the value’s chart with 17.46% contribution and closely followed by ZENITHBANK and GTCO

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 closed flat at 762.12 basis points as against flat position recorded to close at 762.12 basis points 

The total volume traded declined by -22.37% to close at 0.017m units valued at N2.05m and traded in 5 deals. 

At the close of trading, NASD OTC market recorded zero (0) 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 Germany DAX Index leads the top five gainers with 2.92% gain while the India NIFTY Index tops the top five losers with -1.22% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa All Share Index tops the top five gainers with 2.05% gain while the BRVM-10 Index tops the top five losers with -0.75% 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 13.17% while the Open Repo (OPR) rate also expanded by 0.67% to close at 12.67%

The AFEX ACI inched up by 3.46% to close at 454.35bps while AFEX AEI closed flat.

Maize advanced by 4.16% to top the gainers’ chart while Sorghum declined by 24.67% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.07% loss while Silver advanced by 0.67% as of 12:07 NY time

In the energy market, Brent advanced by 2.54% while WTI also advanced by 2.81% as of 11:08 AM Central Daylight Time (CDT)

The naira depreciated by 0.75% at the I&E FX Window to close at N434.75/USD while the NAFEX rate also depreciated by 0.31% to close at N430.22