Market Round-up for the week ended 29.07.22 – First Ideas Limited

Market Round-up for the week ended 29.07.22

Market Round-up for the Week Ended 290722
Key Highlights
• The equities market recorded Mixed performance – the listed equities market, NGXASI, recorded a -3.10% loss WoW and the NASD OTC closed positive with a +2.10% gain.
• The IEFX rate closed negative and the NAFEX rate closed positive.
• The BDC rates closed positive.
• The Brent Crude Oil price and WTI Crude Oil price moved up at the end of the week.
• The FMDQ Debt Market Size closed negative
• AFEX ACI closed positive while the AEI index closed negative

1. Equity
NSE
• The NGXASI dipped by -3.10% W-o-W.
• On top gainer and loser sector indices, no sector closed positive, while NSE Premium closed negative with -5.11% W-o-W.
• During the week, the Gote Index closed positive with +0.08% while the Toni Index closed negative by -3.74% W-o-W.
Market Performance
Sectors 22-Jul-22 29-Jul-22 WoW Chg
NGX ASI 51,979.92 50,370.25 -3.10%
NSE-30 1,885.02 1,820.25 -3.44%
NSE Consumer Goods 601.18 573.27 -4.64%
NSE Banking 379.85 378.21 -0.43%
NSE Insurance 175.75 167.04 -4.96%
NSE Oil and Gas 561.63 556.28 -0.95%
NSE LII 3,246.71 3,142.86 -3.20%
NSE-IND 2,066.84 2,062.30 -0.22%
NSE-ASeM 658.99 658.99 0.00%
NSE Pension 1,786.64 1,722.50 -3.59%
NSE Premium 4,841.38 4,593.86 -5.11%
NSE Main Board 2,317.29 2,280.63 -1.58%
NSECG 1,296.23 1,233.62 -4.83%
NSEAFRBVI 903.72 881.41 -2.47%
NSEAFRHDYI 3,122.97 3,034.86 -2.82%
NSEMERIGRW 2,347.37 2,306.23 -1.75%
NSEMERIVAL 2,082.35 2,047.35 -1.68%
NSEGROWTH 1,498.14 1,498.14 0.00%
Dangote Index 138.19 138.30 0.08%
Elumelu Index 110.84 106.70 -3.74%
Source: NSE

NASD
The NASD USI closed positive with +2.10% gain W-o-W
Market CAP closed positive with +2.10% gain W-o-W
Parameter 22-Jul-22 29-Jul-22 WoW Chg
USI 766.92 783.05 2.10%
MKT Capitalization (Bn) 1,009.58 1,030.82 2.10%
Volume Traded 333,659.00 261,400.00 -21.66%
Value Traded (000) 19,687,123.91 5,346,515.10 -72.84%
Deals Executed 14.00 15.00 7.14%
Source: NASD Plc

2. Bonds
Debt Market Size
The FMDQ Debt Market Size moved up by -0.17% to close at N29.15trn
Debt Market Size as @ July 29, 2022
Index 29-Jul-22 22-Jul-22 % Chg
Debt Market Size 29.15 29.2 -0.17%

3. Commodities
Global Commodities
Brent crude oil prices moved up by +4.90% W-o-W to $110.12 per barrel
WTI moved up by +3.12% W-o-W to $100.02 per barrel as at the time of writing this report. (05:27pm)

Commodity 29-Jul-22 22-Jul-22 31-Dec-21 Weekly Chg YTD Chg
Brent 110.12 104.98 78.53 4.90% 40.23%
WTI 100.02 96.99 75.89 3.12% 31.80%
Gold 1762.7 1727.8 1827.5 2.02% -3.55%
Silver 20.225 18.655 23.265 8.42% -13.07%
Platinum 891.2 867.7 958 2.71% -6.97%
Palladium 2132 2024.5 1883.5 5.31% 13.19%
CNBC

AFEX Indices
ACI moved up by +3.19% W-o-W to close at 479.9 and the AEI moved down by -3.02% W-o-W to close at 188.96
Afex Indices
Index 29-Jul-22 22-Jul-22 % Chg
ACI 479.9 465.07 3.19%
AEI 188.96 194.84 -3.02%

AFEX Commodities
Maize moved up by +10.96% to close at N250 and Paddy Rice moved down by -1.82% to close at N241.23
Afex Commodity Prices
Commodities 29-Jul-22 22-Jul-22 % Chg
Maize 250 225.31 10.96%
Sorghum 265 265 0.00%
Cashew 689.88 689.88 0.00%
Cocoa 1198.33 1198.33 0.00%
Ginger 1189 1189 0.00%
Sesame 766.83 766.83 0.00%
Soybeans 413.31 413.31 0.00%
Paddy rice 241.23 245.71 -1.82%
Source: AFEX

4. Forex
The NAFEX closed positive and the IEFX rates closed negative.
BDC Rate closed positive
FX 29-Jul-22 22-Jul-22 % Chg 31-Dec-21 YTD Chg
I & E 429 430 -0.23% 435 -1.38%
BDC 710 620 14.52% 568 25.00%
NAFEX 426.83 423.83 0.71% 414.45 2.99%
Source: FMDQ, CBN, Everdon

Corporate Earnings Results for the Week Ended 290722
During the week ending Friday, July 29th, 2022, sixteen (16) out of the Twenty (20) firms declared revenue growth. JOHNHOLT records 231.70% growth in earnings to emerge as the firm with the highest growth in earnings while TANTALIZER recorded 51.83% negative growth in earnings to emerge as the firm with the least growth rate.

MTNN tops with the highest PAT figure while FO declared the least with a loss.

About the Author

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First Ideas Limited is an investment and financial advisory company established in 1994 to provide advisory services to high net worth individuals, trust funds, financial institutions and medium sized companies in growth sectors.

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