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Investors Gain N28.74bn as NGXASI Inches up by 0.11%; Overnight Rate Contracts by 1.17% to Close at 7.50%; BDC Rate Depreciates to N702
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market maintained positive posture as the key market indicator inches up further by 53.29bps while market breadth remained positive.
The NGX All-Share Index inched up by 0.11% to close at 49,889.80 basis points as against 0.39% gain recorded to close at 49,836.51 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N28.74bn gain.
YTD, the NGXASI Stands at +16.79%
The total volume traded declined by -37.63% to close at 229.12m, valued at N1.75bn and traded in 3,575 deals. STERLNBANK was the most traded stock by volume with 108.69m units traded while GTCO was the most traded stock by value which is put at N680.45m.
Sectoral performance was broadly negative as seven (7) NGX sector index closed northward, eight (8) closed southward while three (3) closed flat. The NGX Industrial Goods Index inched up by 0.99% to top the gainers chart while the NGX MERIGRW Index dipped by 0.91% to top the losers’ chart.
Dangote index closed flat at 128.39 basis points while Elumelu index inched up by 0.04% to close at 108.28 basis points.
At the close of trading, market recorded 13 gainers to 12 losers and 71 unchanged. PHARMDEKO topped the list of gainers while MBENEFIT topped the list of losers.
Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.01x.
Volume and Value Contribution
STERLNBANK led the volume’s chart with 47.44% contribution and closely followed by GTCO and FIDELITYBK
GTCO tops the value’s chart with 38.89% contribution and closely followed by MTNN and ZENITHBANK
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.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD market index dipped by 0.42% to close at 762.12 basis points as against 0.24% gain recorded to close at 765.31 basis points
The total volume traded declined by -98.70% to close at 0.122m units valued at N9.11m and traded in 6 deals.
At the close of trading, NASD OTC market recorded one (1) gainer(s) to two (2) 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.
1.3 Global Indices
On the global scene, the Russia MICEX Index leads the top five gainers with 2.40% gain while the Argentina MerVal Index tops the top five losers with -3.85% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Ghana GSE Index tops the top five gainers with 1.46% gain while the Namibia NSX Index tops the top five losers with -3.73% loss as of 4pm Nigerian Time
- BONDS AND FIXED INCOME MARKETS
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 1.17% to close at 7.50% while the Open Repo (OPR) rate also contracted by 1.00% to close at 7.00%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI and AFEX AEI both closed flat.
3.2 AFEX Commodity Prices
Soybeans advanced by 6.88% to top the gainers’ chart while Cocoa declined by 0.04% to top the losers’ chart.
3.3 Global Commodity Prices
Gold recorded 0.66% loss while Silver also declined by 0.50% as of 11:27 NY time
In the energy market, Brent declined by 2.58% while WTI also declined by 2.68% as of 10:28 AM Central Daylight Time (CDT)
- CURRENCY/ FX MARKET
The naira depreciated by 0.13% at the I&E FX Window to close at N430.00/USD while the NAFEX rate also depreciated by 0.09% to close at N428.91