Snapshot

Nigerian Equities Market closed negative as the key market indicator declined by 65.47 bps amid negative market breadth.

The NGX All-Share Index declined by 0.12% to close at 55,722.90 basis points as against 0.01% loss recorded previously to close at 55,788.37 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N35.67bn 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. STERLINGBANK was the most traded stock by volume with 31.09m units traded while AIRTELAFRI was the most traded stock by value which is put at N678m

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 closed flat at 150.77 basis points while the Toni index declined by 1.08% to close at 123.63 basis points.

At the close of trading, the market recorded 9 gainers to 17 losers and 82 unchanged. ENAMELWA topped the list of gainers while CHAMS 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

STERLINGBANK led the volume’s chart with 21.31% contribution and closely followed by NEIMETH and ZENITHBANK

AIRTELAFRI tops the value’s chart with 39.05% contribution and followed by ZENITHBANK and MTNN

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 0.01% to close at 729.79 basis points as against 0.32% gain recorded previously to close at 729.75 basis points. 

The total volume traded advanced by 187.51% to close at 30,530,075 units valued at N144.53m and traded in 9 deal(s). 

At the close of trading, NASD OTC market recorded one (1) 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 USA Nasdaq leads the top five gainers with 2.33% gain while the East Isreal TA-100 index leads top five losers with 3.91% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the South Africa Resource 10 Index tops the top five gainers with 1.82% gain while South Africa Financial 15Index tops the top five losers with 3.10% 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 expands by 0.02% to close at 11.00% and the Open Repo (OPR) rate was not available as the time of compiling the report.

Afex ACI advanced by 2.35% to close at 479.48 while Afex AEI advanced by 0.15% to close at 220.1.

No gainer and loser

3.3 Global Commodity Prices

Gold declined by 0.23% while Silver advanced by 0.28% as of 10: 51 NY time

In the energy market, Brent declined by 1.99% and WTI also declined by 2.09% as of 10: 50 AM Central Daylight Time (CDT)

The naira at the I&E FX Window declined by 0.05% to close at N461.42/USD while the NAFEX rate declined by 0.02% to close at N461.2/USD