Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 232.70 bps amid negative market breadth.

The NGX All-Share Index declined by 0.42% to close at 55490.20 basis points as against 0.12% loss recorded previously to close at 55,722.90 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N126.76bn loss.

YTD, the NGXASI Stands at +8.27%

The total volume traded declined by 9.07% to close at N181.20m, valued at N3.4bn and traded in 4,296 deals. GTCO was the most traded stock by volume with 33.85m units traded while GTCO was the most traded stock by value which is put at N842m

Sectoral performance was negative as two (2) NGX sector index closed northward, twelve (12) sector index closed southward and four (4) closed flat. The NGX Food and Beverages index advanced by 1.82% to top the gainer’s chart while the NGX AFRBVI Index declined by 1.82% to top the losers’ chart.

The Gote index closed flat at 150.77 basis points while the Toni index declined by 2.57% to close at 117.76 basis points.

At the close of trading, the market recorded 11 gainers to 19 losers and 78 unchanged. PRESTIGE topped the list of gainers while UBCAP topped the list of losers.

Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at -0.10x.

Volume and Value Contribution

GTCO led the volume’s chart with 18.68% contribution and closely followed by TRANSCORP and ZENITHBANK

GTCO tops the value’s chart with 24.72% contribution and followed by FLOURMILL and ZENITHBANK

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 advanced by 0.14% to close at 728.79 basis points as against 0.01% gain recorded previously to close at 729.79 basis points. 

The total volume traded advanced by 99.36% to close at 195,512 units valued at N51.91m and traded in 9 deal(s). 

At the close of trading, NASD OTC market recorded one (1) gainer(s) to one (1) 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 Hong Kong Hang Seng leads the top five gainers with 1.52% gain while the Argentina MerVal index leads top five losers with 9.51% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Ghana GSE Composite Index tops the top five gainers with 5.10% gain while Egypt EGX 70 EWI Index tops the top five losers with 8.22% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size was not available as the time of compiling the report.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate closed flat at 11.00% and the Open Repo (OPR) rate was not available as the time of compiling the report.

Afex ACI declined by 2.10% to close at 469.42 while Afex AEI advanced by 0.24% to close at 220.62.

No gainer and loser

3.3 Global Commodity Prices

Gold advanced by 0.99% while Silver advanced by 0.92% as of 10: 51 NY time

In the energy market, Brent declined by 3.34% and WTI also declined by 3.90% as of 10: 50 AM Central Daylight Time (CDT)

The naira at the I&E FX Window declined by 0.07% to close at N461.09/USD while the NAFEX rate declined by 0.02% to close at N461.11/USD