Market Round -Up for the week ended – First Ideas Limited

Market Round -Up for the week ended

Market Round-up for the Week Ended 041122

Key Highlights

  • The equities market recorded mixed performance – the listed equities market, NGXASI, recorded a gain of +0.81%WoW and the NASD OTC closed negative with a -0.25%
  • The IEFX rate closed positive and the NAFEX rate closed positive.
  • The BDC rates closed positive.
  • The Brent Crude Oil price moved up while WTI Crude Oil price moved up at the end of the week.
  • The FMDQ Debt Market Size closed positive
  • AFEX ACI closed flat while the AEI index closed positive

 

  1. Equity

NSE                                                                                                  

  • The NGXASI inched up by +0.81% W-o-W.
  • On top gainer and loser sector indices, NSE INDUSTRIAL sector closed positive with +5.35% W-o-W while NSE OIL and GAS closed negative with -5.37% W-o-W.
  • During the week, the Dangote Index closed positive by +8.35% while the Elumelu Index closed negative by -1.59% W-o-W.

 

Chart 1: Market Performance

Market Performance 
Sectors 28-Oct-22 04-Nov-22 WoW Chg
NGX ASI 43,912.64 44,269.18 0.81%
NSE-30 1,582.29 1,600.44 1.15%
NSE Consumer Goods 569.98 556.73 -2.32%
NSE Banking 378.05 370.98 -1.87%
NSE Insurance 159.32 157.17 -1.35%
NSE Oil and Gas 484.03 458.04 -5.37%
NSE LII 2,750.36 2,805.86 2.02%
NSE-IND 1,888.51 1,989.55 5.35%
NSE-ASeM 658.99 658.99 0.00%
NSE Pension 1,617.19 1,610.04 -0.44%
NSE Premium 4,210.04 4,313.67 2.46%
NSE Main Board 1,934.61 1,926.04 -0.44%
NSECG 1,146.89 1,143.84 -0.27%
NSEAFRBVI 839.21 832.62 -0.79%
NSEAFRHDYI 2,887.24 2,905.20 0.62%
NSEMERIGRW 2,033.95 2,056.39 1.10%
NSEMERIVAL 2,112.31 2,091.58 -0.98%
NSEGROWTH 1,659.11 1,659.11 0.00%
Dangote Index 116.06 125.75 8.35%
Elumelu Index 106.22 104.53 -1.59%

Source: NSE

 

NASD                                   

  • The NASD USI closed negative with -0.25% loss W-o-W
  • Market CAP closed negative with -0.25% loss W-o-W

 

Parameter 28-Oct-22 04-Nov-22 WoW Chg
USI                                   722.16                                  720.36 -0.25%
MKT Capitalization (Bn)                                  950.66                                 948.30 -0.25%
Volume Traded                              9,856.00                           131,236.00 1231.53%
Value Traded (000)                         317,428.00                     1,047,580.00 230.02%
Deals Executed                                      4.00                                       5.00 25.00%

 Source: NASD Plc

 

  1. Bonds

 

Debt Market Size

The FMDQ Debt Market Size moved up by +0.82% to close at N29.66trn

Debt Market Size as @ November 03, 2022
Index 03-Nov-22 28-Oct-22 % Chg
Debt Market Size 29.66 29.42 0.82%

 

  1. Commodities

 

Global Commodities

Brent crude oil prices moved up by +2.19% W-o-W to $95.26 per barrel

WTI moved up by +2.90% W-o-W to $87.52 per barrel as at the time of writing this report. (06:12 pm)

 

Commodity 04-Nov-22 28-Oct-22 31-Dec-21 Weekly Chg YTD Chg
Brent 97.59 95.26 78.53 2.45% 24.27%
WTI 91.41 87.52 75.89 4.44% 20.45%
Gold 1674 1646.4 1827.5 1.68% -8.40%
Silver 20.62 19.14 23.265 7.73% -11.37%
Platinum 952.9 949.5 958 0.36% -0.53%
Palladium 1850 1902 1883.5 -2.73% -1.78%
CNBC

 

AFEX Indices

ACI remained flat W-o-W to close at 455.71 and the AEI moved up by +1.09% W-o-W to close at 202.48

 

Afex Indices
Index 04-Nov-22 28-Oct-22 % Chg
ACI 455.71 455.71 0.00%
AEI 202.48 200.3 1.09%

 

AFEX Commodities

Maize moved down by -2.50% to close at N206.6 and Paddy Rice also moved up by +9.23% to close at N397.94

 

Afex Commodity Prices
Commodities 04-Nov-22 28-Oct-22 % Chg
Maize 206.6 211.9 -2.50%
Sorghum 216.81 234.28 -7.46%
Cashew 619.26 620.04 -0.13%
Cocoa 1346.52 1313.58 2.51%
Ginger 1020.46 1020.46 0.00%
Sesame 830 830 0.00%
Soybeans 328.78 357.49 -8.03%
Paddy rice 397.94 364.3 9.23%
Wheat 380 380 0.00%

Source: AFEX

 

  1. Forex

The NAFEX closed positive and the IEFX rates closed positive.

BDC Rate closed positive

 

FX 04-Nov-22 28-Oct-22 % Chg 31-Dec-21 YTD Chg
I & E 445.75 444.75 0.22% 435 2.47%
BDC 895 785 14.01% 568 57.57%
NAFEX 443.75 441.75 0.45% 414.45 7.07%
Source: FMDQ, CBN, Everdon

 

 

About the Author

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First Ideas Limited is an investment and financial advisory company established in 1994 to provide advisory services to high net worth individuals, trust funds, financial institutions and medium sized companies in growth sectors.

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