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Macro Data Dominates Oil Markets – OIR 200922
– We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news events taking place in the global energy complex over the past few days. We hope you enjoy. Source Oilprices Read More
Nigeria’s Total Public Debt Stock Stood at N42.84trn as of June 30, 2022
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The Markets in Review: Nigerian Banks H1 2022 Scorecard – Coronation Research
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Prudential Zenith Life Insurance Records 75% Growth in Profit After Tax in Full Year 2021 Results
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Stakeholders Back Bills to Enhance Capital Markets, Investor Protection, Others
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FG Commences Processes for Baro Port Concession
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Operators of FTZs to Pay Duties on Foreign Raw Materials Says Customs
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Steady Rise in Active Mobile Subscribers; Increased by 12% MoM to 209m in July 2022
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African Youth Entrepreneurship Agreement Signed Between the Tony Elumelu Foundation and UNCDF
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Investors Lose N12.62bn as NGXASI Dips by 0.05%; Overnight Rate Expands by 1.92% to Close at 13.17%; BDC Rate Appreciates to N712
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market erased previous day gain to close in the red zone as the key market indicator dipped by 23.40bps amid negative market breadth.
The NGX All-Share Index declined by 0.05% to close at 49,421.91 basis points as against 0.01% gain recorded previously to close at 49,445.31 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N12.62bn loss.
YTD, the NGXASI Stands at +15.70%
The total volume traded declined by -64.85% to close at 51.88m, valued at N590.01m and traded in 2,981 deals. ZENITHBANK was the most traded stock by volume with 6.30m units traded while ZENITHBANK was also the most traded stock by value which is put at N125.54m.
Sectoral performance was broadly negative as three (3) NGX sector index closed northward, twelve (12) closed southward while three (3) closed flat. The NGX MERIVAL Index inched up by 1.12% to top the gainers chart while the NGX Insurance Index dipped by 1.21% to top the losers’ chart.
Dangote index closed flat at 128.26 basis points while Elumelu index advanced by -0.70% to close at 107.90 basis points.
At the close of trading, market recorded 10 gainers to 12 losers and 77 unchanged. UNITYBNK topped the list of gainers while ACADEMY topped the list of losers.
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.03x.
Volume and Value Contribution
ZENITHBANK led the volume’s chart with 12.15% contribution and closely followed by GTCO and STERLNBANK
ZENITHBANK tops the value’s chart with 21.28% contribution and closely followed by GTCO and GUINNESS
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 0.54% to close at 735.48 basis points as against 0.30% loss recorded to close at 739.51 basis points
The total volume traded advanced by 568.93% to close at 0.161m units valued at N3.01m and traded in 14 deals.
At the close of trading, NASD OTC market recorded zero (0) gainer(s) to three (3) 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 Netherlands Index leads the top five gainers with 1.20% gain while Russia MICEX Index tops the top five losers with -3.50% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Zimbabwe Index tops the top five gainers with 3.00% gain while the BRVM-10 Index tops the top five losers with 0.94% 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 1.92% to close at 13.17% while the Open Repo (OPR) rate also expanded by 1.67% to close at 12.67%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI and AFEX AEI both closed flat
3.2 AFEX Commodity Prices
Paddy Rice advanced by 1.65% to top the gainers’ chart while Sorghum declined by 2.41% to top the losers’ chart.
3.3 Global Commodity Prices
Gold recorded 0.09% gain while Silver also advanced by 0.78% as of 11:16 NY time
In the energy market, Brent declined by 0.75% while WTI also declined by 1.04% as of 10:18 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 also appreciated by 0.02% to close at N435.55