Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 6.14 bps amid negative market breadth.

The NGX All-Share Index declined by 0.01% to close at 55,788.37 basis points as against 0.05% loss recorded previously to close at 55,794.51 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N3.34bn loss.

YTD, the NGXASI Stands at +8.85%

The total volume traded declined by 35.14% to close at N179.03m, valued at N2.55bn and traded in 4,296 deals. NGXGROUP was the most traded stock by volume with 38.15m units traded while NGXGROUP was the most traded stock by value which is put at N994.55m

Sectoral performance was negative as three (3) NGX sector index closed northward, ten (10) sector index closed southward and five (5) 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 declined by 0.03% to close at 150.77 basis points while the Toni index declined by 0.89% to close at 123.63 basis points.

At the close of trading, the market recorded 12 gainers to 21 losers and 75 unchanged. UPL topped the list of gainers while NGXGROUP topped the list of losers. 

Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at -0.12x.

Volume and Value Contribution

NGXGROUP led the volume’s chart with 21.31% contribution and closely followed by TRANCORP and STERLINGBANK

NGXGROUP tops the value’s chart with 39.05% contribution and followed by ZENITHBANK and UBCAP

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 0.32% to close at 729.75 basis points as against 1.05% gain recorded previously to close at 727.42 basis points. 

The total volume traded advanced by 2.87% to close at 10,618,664 units valued at N37.25 and traded in 15 deal(s). 

At the close of trading, NASD OTC market recorded two (2) 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 Hong Kong Hang Seng  leads the top five gainers with 1.95% gain while the Argentina Merval index leads top five losers with 5.25% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe All Share Index tops the top five gainers with 2.85% gain while Egypt EGX 70 EWI Index tops the top five losers with 10.17% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The Debt Market Size advanced by 0.22% to close at N31.99trn.

2.2 Overnight and Open Repo (OPR)

The Overnight lending rate close positive at 0.01% to close at 10.83% while the Open Repo (OPR) rate stays flat to close at 10.50%

Was not available as at the time of writing the report.

Maize advanced by 3.85% to top the gainers chart while Paddy rice declined by 0.53% to top the losers’ chart.

3.3 Global Commodity Prices

Gold advanced by 2.21% while Silver advanced by 6.04% as of 10: 51 NY time

In the energy market, Brent declined by 1.12% and WTI also declined by 1.28% as of 10: 50 AM Central Daylight Time (CDT)

The naira at the I&E FX Window advanced by 0.04% to close at N461.67/USD while the NAFEX rate declined by 0.04% to close at N461.29/USD