Snapshot

Nigerian Equities Market closed flat as the key market indicator inched up marginally by 2.01bps amid negative market breadth.

The NGX All-Share was flat to close at 49,627.72 basis points as against 0.14% loss recorded previously to close at 49,625.71 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N1.09bn gain.

YTD, the NGXASI Stands at +16.18% 

The total volume traded advanced by +85.05% to close at 160.24m, valued at N1.49bn and traded in 3,847 deals. ZENITHBANK was the most traded stock by volume with 26.74m units traded while ZENITHBANK was also the most traded stock by value which is put at N536.65m. 

Sectoral performance was broadly negative as five (5) NGX sector index closed northward, ten (10) closed southward while three (3) closed flat. The NGX Industrial Goods Index inched up by 0.14% to top the gainers chart while the NGX Insurance Index dipped by 0.57% to top the losers’ chart.

Gote index dipped by 0.03% to close at 128.42 basis points while Toni index also declined by 0.07% to close at 110.06 basis points.

At the close of trading, market recorded 12 gainers to 16 losers and 70 unchanged. MULTIVERSE topped the list of gainers while REDSTAREX topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.06x.

Volume and Value Contribution

ZENITHBANK led the volume’s chart with 16.68% contribution and closely followed by COURTVILLE and TRANSCORP

ZENITHBANK tops the value’s chart with 36.07% contribution and closely followed by MTNN and GTCO

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. 

The NASD market inched up by 0.01% to close at 746.43 basis points as against 1.32% loss recorded to close at 746.42 basis points 

The total volume traded declined by -80.71% to close at 0.264m units valued at N4.56m and traded in 11 deals. 

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 South Korea Index leads the top five gainers with 2.74% gain while USA NASDAQ Index tops the top five losers with -3.39% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Botswana DFSI Index tops the top five gainers with 0.51% gain while the Zimbabwe All Share Index tops the top five losers with -5.69% 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 contracted by 4.00% to close at 8.00% while the Open Repo (OPR) rate also contracted by 4.00% to close at 7.50%

The AFEX ACI and AFEX AEI both closed flat.

Cashew advanced by 2.64% to top the gainers’ chart while Soybeans declined by 0.54% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 1.25% loss while Silver also declined by 1.96% as of 12:23 NY time

In the energy market, Brent declined by 0.58% while WTI also declined by 1.47% as of 11:24 AM Central Daylight Time (CDT)

The naira appreciated by 0.11% to close at the I&E FX Window at N436.04/USD while the NAFEX rate also appreciated by 0.01% to close at N435.70