Snapshot

Nigerian Equities Market erased previous day gain to close in the negative territory as the key market indicator dipped by 69.41bps amid positive market breadth.

The NGX All-Share dipped by 0.14% to close at 49,625.71 basis points as against 0.09% gain recorded previously to close at 49,695.12 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N37.44bn loss.

YTD, the NGXASI Stands at +16.17% 

The total volume traded declined by -72.86% to close at 86.59m, valued at N1.17bn and traded in 3,377 deals. GTCO was the most traded stock by volume with 19.47m units traded while GTCO was also the most traded stock by value which is put at N385.59m. 

Sectoral performance was broadly negative as one (1) NGX sector index closed northward, thirteen (13) closed southward while four (4) closed flat. The NGX Consumer Goods Index inched up by 0.02% to top the gainers chart while the NGX MERIVAL Index dipped by 1.50% to top the losers’ chart.

Gote index inched up by 0.02% to close at 128.46 basis points while Toni index declined by 0.09% to close at 110.37 basis points.

At the close of trading, market recorded 13 gainers to 12 losers and 72 unchanged. MULTIVERSE topped the list of gainers while BETAGLAS topped the list of losers. 

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.01x.

Volume and Value Contribution

GTCO led the volume’s chart with 22.49% contribution and closely followed by STERLNBANK and ZENITHBANK

GTCO tops the value’s chart with 32.95% contribution and closely followed by MTNN and ZENITHBANK

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

Sterling Bank Plc has announced of the resignation of Mr. Paritosh Tripathi from the Board of the Bank. Mr. Tripathi served on the Board of the Bank as a Non-Executive Director.

1.2 NASD OTC Exchange - Unlisted Equities

The NASD market dipped by 1.32% to close at 746.42 basis points as against 0.13% gain recorded to close at 756.43 basis points 

The total volume traded advanced by +1062.84% to close at 1.37m units valued at N271.97m and traded in 15 deals. 

At the close of trading, NASD OTC market recorded zero (0) 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 Italy Index leads the top five gainers with 2.37% gain while the Nigeria All Share Index tops the top five losers with -0.14% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Namibia All Share Index tops the top five gainers with 3.36% gain while the Zimbabwe All Share Index tops the top five losers with -2.33% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size closed flat at N29.38trn as against N29.38trn recorded previously.

2.2 Overnight and Open Repo (OPR)

The overnight lending rate expanded by 3.00% to close at 12.00% while the Open Repo (OPR) rate also contracted by 3.00% to close at 11.50%

The AFEX ACI and AFEX AEI were not available as of the time of finalising this report.

Soybeans advanced by 9.62% to top the gainers’ chart while Cocoa declined by 4.01% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.79% gain while Silver also advanced by 4.99% as of 11:27 NY time

In the energy market, Brent advanced by 1.29% while WTI also advanced by 1.21% as of 10:27 AM Central Daylight Time (CDT)

The naira depreciated by 0.04% to close at the I&E FX Window at N436.50/USD while the NAFEX rate also depreciated by 0.03% to close at N435.76