Investors Gain N503.52bn as NGXASI Inches up by +1.76%; Debt Market Size Grows by 0.07% to N27.40trn; IEFX Rate Depreciates to N419.50
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market further maintained positive posture to close in the green zone at the end of today’s trading session amid waning market breadth.
The NGX All-Share index inched up by +1.76% to close at 54,085.30 basis points as against the +1.06% gain recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N503.52bn gain
YTD, the NGXASI Stands at +26.61%
The total volume traded declined by -21.83% to close at 208.09m, valued at N5.52bn and traded in 4,898 deals. FLOURMILL was the most traded stock by volume with 21.48m units traded, while AIRTELAFRI was the most traded stock by value which is put at N2.34bn.
Sectoral performance was broadly positive as seven (7) NGX sector indices closed northward, eight (8) closed southward while three (3) closed flat. The NGX Main Board Index inched up by +3.39% while the NGX Consumer Goods Index dipped by -2.41% to top all sector indices otherwise.
Dangote index closed green with +0.03% gain recorded to close at 154.59 basis points while Elumelu index also closed green with +0.51% gain recorded to closed 117.12 basis points.
At the close of trading, market recorded 19 gainers to 17 losers and 66 unchanged. CUTIX topped the list of gainers as NB topped the list of losers. Thus, market breadth closed positive.
Volume and Value Contribution
FLOURMILL led the volume chart with 10.32% contribution and closely followed by GTCO and FBNH.
AIRTELAFRI led the value chart with 42.44% contribution and closely followed by FLOURMILL and GTCO.
NGX Earnings Summary
No Financial statement was released on the NGX today.
NGX Corporate News
Stanbic IBTC Holdings Plc, as parts of the resolutions passed at its 10th AGM held at the Jasmine Hall, EKO Hotel & Suites Plot 1415 Adetokunbo Ademola Street, Victoria Island, Lagos on Thursday, 26 May 2022 at 10.00 am approved that “Pursuant to Section 868 of the Companies and Allied Matters Act 2020, which defines ‘share capital’ to mean ‘issued share capital of a company at any given time’, that a total of 43,002,837 (forty three million, two thousand, eight hundred and thirty seven) Ordinary Shares of 50 kobo each, being the outstanding Unissued Shares of the Company be cancelled.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD market index closed flat at 794.83 basis points as against the -0.03% loss recorded previously.
The total volume traded declined by -99.96% to close at 50 units valued at N850 and traded in 1 deal.
At the close of trading, NASD OTC market recorded 0 gainer(s) to 0 loser(s).
Volume and Value Contribution
SDCSCSPLC led the volume chart with 100% contribution
SDCSCSPLC led the value chart with 100% contribution
NASD Earnings Summary
No Financial statement was released on the NASD OTC Exchange today.
NASD Corporate News
NASD Plc notified that the shares of CITITRUST HOLDINGS PLC is now Listed for trading today May 26, 2022, on the NASD OTC Securities Exchange.
CITITRUST Holdings Plc is a financial solutions provider that covers Commercial Banking, Investment Banking, Wealth Management, Pension Management, Insurance and Alternative Investment and Securities Trading.
The dematerialization can commence through Meristem Registrars & Probate Services Ltd.
Trading details of the company are stated below:
SYMBOL CODE: SDCITITRUST
SYMBOL NAME: CITITRUST HOLDINGS PLC
ISIN CODE: NGSDCITITRU9
1.3 Global Indices
On the global scene, the USA Nasdaq Index leads the top five gainers with 3.13% gain while the Israel TA-100 Index tops the top five losers with -1.34% 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 1.96% gain while Lusaka Index tops the top five losers with -2.15% loss as of 4pm Nigerian Time.
- BONDS AND FIXED INCOME MARKETS
2.1 Debt Market Size
The FMDQ Debt Market Size advanced by 0.07% to close at N27.40trn from N27.38trn.
2.2 Overnight and Open Repo (OPR)
The overnight lending rate declined by 0.08% to close at 14.00% while the Open Repo (OPR) rate remained flat to close at 13.67%
- COMMODITIES MARKET
3.1 AFEX Indices
The ACI moved down by -0.24% to close at 458.67 basis points as against previous figure of 459.77 while the AEI closed flat at 198.70 basis points
3.2 AFEX Commodity Prices
Maize grew by 0.08% to close at N245.24 while Paddy Rice dropped by -3.47% to close at N232.50
3.3 Global Commodity Prices
Gold recorded 0.10% gain while Silver also advanced by 0.23% as of 11:45 NY time
In the energy market, Brent advanced by 2.92% while WTI declined by 0.34% as of 10:38AM Central Daylight Time (CDT).
- CURRENCY/ FX MARKET
The naira depreciated at the I&E FX Window by 0.15% to close atN419.50/USD while the NAFEX rate also depreciated by 0.02% to close at N418.08.
Abbey Mortgage Bank Plc Declares N111.13m PAT in Q1 2022 Result,(SP:N1.8k)
Abbey Mortgage Bank Plc released its Q1 2022 Unaudited results for the period ended March 31st, 2022.
- Interest Revenue grew by 89.53% from N860m to N1.63bn.
- Profit before tax stood at N661.06m
- Profit after tax stood at N622.20m
- Share Price Currently Stands at N1.8k
The Federal Government of Nigeria is in talks with major gas producers in the country for the development of more Liquefied Natural Gas (LNG) trains to take advantage of the growing global demand for gas.
New factories built by BUA Cement and African Glass Limited as well as five new paper mills that recycles wastepaper into carton drove up manufacturing output in Nigeria in the second half of last year, industry data have shown.