Investors Gain N3.22bn as NGXASI Inches up Marginally by 0.01%; Overnight Rate Expands by 0.42% to Close at 11.25%; BDC Rate Depreciates to N713
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market halted negative posture to close in the green zone as the key market indicator moved up marginally by 5.10bps amid negative market breadth.
The NGX All-Share Index inched up by 0.01% to close at 49,445.31 basis points as against 0.07% loss recorded previously to close at 49,440.21 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N3.22bn gain.
YTD, the NGXASI Stands at +15.75%
The total volume traded advanced by +119.07% to close at 147.59m, valued at N2.39bn and traded in 3,323 deals. GTCO was the most traded stock by volume with 35.82m units traded while MTNN was also the most traded stock by value which is put at N860.43m.
Sectoral performance was broadly positive as nine (9) NGX sector index closed northward, six (6) closed southward while three (3) closed flat. The NGX MERIGRW Index inched up by 0.92% to top the gainers chart while the NGX Oil and Gas Index dipped by 2.30% to top the losers’ chart.
Dangote index closed flat at 128.26 basis points while Elumelu index declined by -0.47% to close at 107.15 basis points.
At the close of trading, market recorded 11 gainers to 12 losers and 67 unchanged. RTBRISCOE topped the list of gainers while TOTAL topped the list of losers.
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.01x.
Volume and Value Contribution
GTCO led the volume’s chart with 24.27% contribution and closely followed by CAPHOTEL and FBNH
MTNN tops the value’s chart with 35.94% contribution and closely followed by GTCO 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 dipped by 0.30% to close at 739.51 basis points as against 0.08% gain recorded to close at 741.70 basis points
The total volume traded declined by 99.90% to close at 24.17m units valued at N4.62m and traded in 9 deals.
At the close of trading, NASD OTC market recorded one (1) gainer(s) to one (1) 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 Brazil Bovespa Index leads the top five gainers with 1.83% gain while Russia MICEX Index tops the top five losers with -8.62% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Egypt EGX 30 Index tops the top five gainers with 1.59% gain while the Uganda All Share Index tops the top five losers with 1.82% 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 expanded by 0.42% to close at 11.25% while the Open Repo (OPR) rate also expanded by 0.67% to close at 11.00%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI and AFEX AEI both closed flat
3.2 AFEX Commodity Prices
Paddy Rice advanced by 2.17% to top the gainers’ chart while Sorghum declined by 3.40% to top the losers’ chart.
3.3 Global Commodity Prices
Gold recorded 0.62% loss while Silver also declined by 1.64% as of 11:04 NY time
In the energy market, Brent declined by 1.10% while WTI also declined by 1.55% as of 10:06 AM Central Daylight Time (CDT)
- CURRENCY/ FX MARKET
The naira appreciated by 0.06% to close at the I&E FX Window at N436.25/USD while the NAFEX rate depreciated by 0.02% to close at N435.63
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