Investors Lose N196.39bn as NGXASI Dips by -0.69%; Debt Market Size Grows by +0.04% to Close at N27.86trn; IEFX Rate Depreciates to N420.50
1. EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market dipped further to close in the red zone as sell pressure persists.
The NGX All-Share index dipped by -0.69% to close at 52,411.09 basis points as against -0.64% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N196.39bn loss
YTD, the NGXASI Stands at +22.70%
The total volume traded advanced by +12.51% to close at 211.61m, valued at N2.37bn and traded in 4,750 deals. STERLNBANK was the most traded stock by volume with 63.66m units traded while ZENITHBANK was the most traded stock by value which is put at N382.57m.
Sectoral performance was broadly negative as four (4) NGX sector index closed northward, ten (10) closed southward while four (4) closed flat. The NGX Pension Index inched up by +0.05% while the NGX Main Board Index dipped by -1.23% to top all sector indices otherwise.
Gote index closed flat at 144.30 basis points while Toni index closed red with -0.07% loss recorded to close 114.60 basis points.
At the close of trading, market recorded 10 gainers to 22 losers and 68 unchanged. LINKASSURE topped the list of gainers, CONOIL topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.18x.
Volume and Value Contribution
STERLNBANK led the volume chart with 30.08% contribution and closely followed by ZENITHBANK and UBA.
Source: NGX
ZENITHBANK led the value chart with 16.17% contribution and closely followed by AIRTELAFRI and MTNN.
Source: NGX
NGX Earnings Summary
No Financial statement was released on the NGX Exchange today
NGX Corporate News
Eterna Plc further to its earlier notification on its forthcoming AGM announced the links to the media platforms through which it 29th AGM will be streamed. The AGM holds today June 16, at 11:00am.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD market index inched up marginally by +0.01% to close at 764.51 basis points as against -0.22% loss recorded previously.
The total volume traded inched up by +307.94% to close at 3.18m units valued at N25.79m and traded in 5 deals.
At the close of trading, NASD OTC market recorded 1 gainer(s) to 1 loser(s)
Volume and Value Contribution
SDCITITRUST led the volume chart with 94.44% contribution
SDCITITRUST led the value chart with 72.71% contribution
NASD Earnings Summary
No Financial statement was released on the NASD OTC Exchange today.
NASD Corporate News
FRIESLANDCAMPINA WAMCO NIGERIA PLC announce today announced its 46th AGM and a dividend declaration of N6.81k
1.3 Global Indices
On the global scene, the Russia MICEX Index leads the top five gainers with 1.93% gain while the Austria ATX Index tops the top five losers with -4.50% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly on the African scene, the Namibia NSX Index tops the top five gainers with 2.89% gain while the Zimbabwe Index tops the top five losers with -2.07% loss as of 4pm Nigerian Time
2. BONDS AND FIXED INCOME MARKETS
2.1 Debt Market Size
The FMDQ Debt Market Size advanced by 0.04% to close at N27.86trn from previous figure of N27.86trn
2.2 Overnight and Open Repo (OPR)
The overnight lending rate closed flat at 14.00% while the Open Repo (OPR) rate also advanced by 0.08% to close at 13.83%
3. COMMODITIES MARKET
3.1 AFEX Indices
The ACI inched up by 1.40% to close at 472.17 basis points as against previous figure of 465.66 while the AEI dipped by -1.07% to close at 192.73 basis points as against previous figure of 194.82 basis points.
3.2 AFEX Commodity Prices
Maize advanced by 3.39% to top the gainers chart while Soybeans declined by 0.22% to the losers’ chart.
3.3 Global Commodity Prices
Gold recorded +0.57% gain while Silver also advanced by +0.14% as of 11:38 NY time
In the energy market, Brent declined by 0.60% while WTI also declined by 0.10% as of 10:36AM Central Daylight Time (CDT)
Source: Oilprice.com, Goldprice.org
4. CURRENCY/ FX MARKET
The naira depreciated at the I&E FX Window by 0.12% to close atN420.50/USD while the NAFEX rate also depreciated by 0.10% to close at N418.68.
Source: FMDQ, BDC
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