Investors Gain N292.65bn as NGXASI advances by 1.23%; Overnight Rate Contracts by 0.83% to Close at 9.00%; BDC Depreciates to 855
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market closed positive as the key market indicator advanced by 537.29bps amid negative market breadth
The NGX All-Share Index advanced by 1.23% to close at 44,283.02 basis points as against 0.21% loss recorded previously to close at 43,745.73 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N292.65bn gain.
YTD, the NGXASI Stands at +3.67%
The total volume traded declined by 10.10% to close at 155.41m, valued at N1.53bn and traded in 3,796 deals. STERLNBANK was the most traded stock by volume with 24.28m units traded while MTNN was also the most traded stock by value which is put at N238.86m
Sectoral performance was broadly positive as nine (9) NGX sector index closed northward, six (6) closed southward while three (3) closed flat. The NGX-IND index advanced by 3.98% to top the gainers chart while the NGXMERIVAL dipped by 1.52% to top the losers’ chart.
Dangote index advanced by 8.35% to close at 125.75 basis points and the Elumelu index declined by 3.24% to close at 102.16 basis points.
At the close of trading, market recorded 9 gainers to 22 losers and 68 unchanged. DANGCEM topped the list of gainers while MRS topped the list of losers.
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.19x.
Volume and Value Contribution
STERLNBANK led the volume’s chart with 15.63% contribution and closely followed by ACCESSCORP and FBNH
MTNN tops the value’s chart with 15.65% contribution and closely followed by ACCESSCORP 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 0.01% to close at 720.83 basis points as against the 0.21% loss recorded previously to close at 720.91 basis points
The total volume traded advanced by 292.43% to close at 0.76m units valued at N5.19m and traded in 9 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 Hong Kong Hang Seng Index leads the top five gainers with 2.41% gain while the Belgium BEL-20 Index tops the top five losers with 1.64% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the South Africa Industrial 25 Index tops the top five gainers with 2.35% gain while the Egypt EGX 30 Index tops the top five losers with 1.67% 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 contracted by 0.83% to close at 9.00% while the Open Repo (OPR) rate also contracted by 0.66% to close at 8.67%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI closed flat at 455.71 while the AFEX AEI also closed flat at 202.48
3.2 AFEX Commodity Prices
Paddy Rice grew by 8.85% to top the gainers chart while Soybeans declined by 16.29% to top the losers chart.
3.3 Global Commodity Prices
Gold recorded 0.05% loss while Silver also declined by 0.20% as of 11:43 NY time
In the energy market, Brent advanced by 1.39% while WTI also advanced by 1.61% as of 10:46 AM Central Daylight Time (CDT)
- CURRENCY/ FX MARKET
The naira closed flat at the I&E FX Window to close at N446/USD while the NAFEX rate appreciated by 0.11% to close at N442.50/USD
BUA Foods Plc Declares N68.76bn PAT in Q3’22 Results, (SP: N55.5K)
BUA Foods Plc released its Q3 2022 Unaudited results for the period ended September 30th, 2022.
Key Highlights
- Revenue grew by 20.2% from N241.08bn to N289.82bn.
- Profit before tax stood at N74.27bn
- Profit after tax stood at N68.76bn
- Share Price Currently Stands at N55.5k
Access Holdings Plc Reports N137.01bn PAT in Q3 2022 Unaudited Results, (SP: N7.9k)
Access Holdings Plc released its Q3 2022 Unaudited results for the period ended September 30th, 2022.
Key Highlights
- Interest Income grew by 25.9% from N395.14bn to N497.47bn.
- Profit before tax stood at N147.30bn
- Profit after tax stood at N137.01bn
- Share Price Currently Stands at N7.9k
MTN Nigeria Communications Plc Reports N269.04bn PAT in Q3 2022 Results; (SP: N196.9k)
MTN Nigeria Communications Plc released its Q3 2022 Unaudited results for the period ended September 30th, 2022.
Key Highlights
- Revenue grew by 20.71% from N1.21trn to N1.46trn.
- Profit before tax stood at N400.67bn
- Profit after tax stood at N269.04bn
- Share Price Currently Stands at N196.9k
NPF Microfinance Bank Plc Reports N639.17m PAT in Q3’22 Result, (SP: N1.59k)
NPF Microfinance Bank Plc released its Q3 2022 Unaudited results for the period ended September 30th, 2022.
Key Highlights
- Gross Earnings grew by 8.9% from N4.33bn to N4.72bn.
- Profit before tax stood at N852m
- Profit after tax stood at N639.17m
- Share Price Currently Stands at N1.59k
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The Markets in Review: Global Markets and Nigeria in Q4 2022 – Coronation Research
– At times of worldwide economic stress, global markets exert a strong influence on Nigerian markets. The rise in US interest rates this year is associated with rising Federal Government of Nigeria (FGN) Eurobond yields and the FGN’s consequent reliance on Naira-denominated financing this year, causing Naira bond yields to rise. Source Coronation Research Read More
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– The presidential flagbearer of the All Progressives Congress (APC), Bola Ahmed Tinubu on Tuesday presented his action plan to captains of industry and other key players in the private sector. Source Channels TV Read More
Nigeria’s Domestic Gas Supply Grew By 14% In 12 months, Says NUPRC
– The federal government says the estimated performance of Nigeria’s domestic gas supply obligation rose by 14.14 percent in 2022. Source TheCable Read More
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Dollar Scarcity Worsens as Banks Ration Withdrawals, BDCs Stretched
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Telecoms Sector Employs 500,000, Records $70bn Investment – NCC
– The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has stated that the telecommunication sector sustains 500,000 job. Source Punch Read More
NBCC and EDUFIRST NG Task Stakeholders In the Education Sector: Reawakening the Quest for Transformative Education
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FBNQuest Highlights Value of Ethical Investing in Financial Planning
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