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Importers dump salvage cars as customs tariff bites
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Investors Gain N35.14bn as NGXASI Advances by 0.15%; Overnight Rate Expands by 0.17% to Close at 16.50%; BDC Depreciates to 755
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market closed positive as the key market indicator advanced by 64.52bps amid flat market breadth
The NGX All-Share Index advanced by 0.15% to close at 44,396.73 basis points as against 0.03% gain recorded previously to close at 44,332.21 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N35.14bn gain.
YTD, the NGXASI Stands at +3.93%
The total volume traded declined by 20.16% to close at 95.18m, valued at N1.88bn and traded in 2,888 deals. FIDELITYBK was the most traded stock by volume with 26.59m units traded while AIRTELAFRI was also the most traded stock by value which is put at N978.83m
Sectoral performance was broadly flat as seven (7) NGX sector index closed northward, seven (7) closed southward while four (4) closed flat. The NGX-IND index advanced by 0.77% to top the gainers chart while the Insurance Index dipped by 3.48% to top the losers’ chart.
Dangote index advanced by 0.11% to close at 128.24 basis points and the Elumelu index also advanced by 0.20% to close at 106.63 basis points.
At the close of trading, market recorded 15 gainers to 15 losers and 72 unchanged. ACADEMY topped the list of gainers while NEM topped the list of losers.
Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at 0.00x.
Volume and Value Contribution
FIDELITYBK led the volume’s chart with 27.94% contribution and closely followed by ZENITHBANK and GTCO
AIRTELAFRI tops the value’s chart with 51.94% contribution and closely followed by ZENITHBANK and GTCO
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 declined by 0.11% to close negative at 729.92 basis points as against 0.01% loss recorded previously to close at 730.69 basis points
The total volume traded declined by 66.49% to close at 0.04m units valued at N7.22m and traded in 8 deals.
At the close of trading, NASD OTC market recorded zero (0) 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 Russia MICEX Index leads the top five gainers with 1.07% gain while the USA Nasdaq Index tops the top three losers with 2.05% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Zimbabwe All Share Index tops the top five gainers with 0.85% gain while the Ghana GSE Composite Index tops the top four losers with 3.84% 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 at the time of writing this report.
2.2 Overnight and Open Repo (OPR)
The overnight lending rate expanded by 0.17% to close at 16.50% while the Open Repo (OPR) rate expanded by 0.16% to close at 16.33%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI and the AFEX AEI closed flat
3.2 AFEX Commodity Prices
Maize grew by 2.07% to top the gainers chart while Soybeans declined by 3.14% to top the losers chart.
3.3 Global Commodity Prices
Gold recorded 1.20% gain while Silver also advanced by 1.88% as of 11:28 NY time
In the energy market, Brent advanced by 2.30% while WTI declined by 0.22% as of 10:27 AM Central Daylight Time (CDT)
- CURRENCY/ FX MARKET
The naira appreciated by 2.16% at the I&E FX Window to close at N431.6/USD while the NAFEX rate appreciated by 0.03% to close at N440.76/USD
FG Set to Open N30trn Govt Assets for Investment, Restructuring of MOFI
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GE Gas Power Compliance Summit Highlights the Importance of Integrity for Business Operations in Sub-Saharan Africa
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Africa’s Inflation Among Region’s Most Urgent Challenges
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NEC Sets up Committee to Review States’ Repayment of Budget Support Loan
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The Naira: How Much Devaluation Should We Expect?
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CBN Announces Completion of Sales of Shares in Polaris Bank to Strategic Capital Investment Ltd as New Core Investor
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Liz Truss Resigns as UK Prime Minister, After 45 days in Office
– Liz Truss, the third female Prime Minister in the history of the United Kingdom, has resigned from her position as Head of Government. After facing pressure from her conservative ruling party to step down as leader, she announced her resignation in an address to Britons this afternoon at the official Number 10 Downing Street residence. Source WebTV Read More
Corporate Governance, The Boardroom & Beyond
– In February 2021, Shareholders at aerospace company, Boeing, filed a lawsuit against the company’s Board of Directors, arguing that the Board had failed in its oversight duty by not holding Boeing accountable for safety before and after the crashes of two Boeing 737 MAX airplanes that killed 346 people in 2018 and 2019. Source FBNQuest Read More
We’ve Lost Our Most-Valued Crude Oil Customers – FG
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FG Seeks States’ Collaboration to Expand Internet Access
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Expect National ‘Dig Once’ Policy By December – Pantami
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ASR Africa Partners USAID with $500,000 Donation to Curb Tuberculosis and HIV in Nigeria
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FG Liquidates NICON, Delta Steel’s N7bn Pension Liabilities
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