Investors Gain N8.65bn as NGXASI Inches up by 0.04%; Overnight Rate Expands by 0.08% to Close at 8.83%; BDC Depreciates to 830
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market closed in the green zone as the key market indicator inched up by 15.88bps amid positive market breadth
The NGX All-Share Index advanced by 0.04% to close at 43,477.48 basis points as against 1.82% loss recorded previously to close at 43,461.60 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N8.65bn gain.
YTD, the NGXASI Stands at +1.78%
The total volume traded declined by 46.62% to close at 133.41m, valued at N1.81bn and traded in 3,078 deals. FBNH was the most traded stock by volume with 30.38m units traded while DANGCEM was the most traded stock by value which is put at N318.11mln
Sectoral performance was broadly positive as eleven (11) NGX sector index closed northward, four (4) closed southward while three (3) closed flat. The NGX MERIVAL index advanced by 0.46% to top the gainers chart while the NGX Oil and Gas index dipped by 0.67% to top the losers’ chart.
Dangote index advanced by 0.56% to close at 116.45 basis points as the Elumelu index also advanced by 0.83% to close at 106.61 basis points.
At the close of trading, market recorded 12 gainers to 11 losers and 76 unchanged. UNITYBNK topped the list of gainers while HONYFLOUR topped the list of losers.
Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.01x.
Volume and Value Contribution
FBNH led the volume’s chart with 22.77% contribution and closely followed by OANDO and ZENITHBANK
DANGCEM tops the value’s chart with 17.57% contribution and closely followed by FBNH and AIRTELAFRI
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 dipped by 0.02% to close at 717.34 basis points as against 0.40% loss recorded previously to close at 717.47 basis points
The total volume traded advanced by 473.98% to close at 1.10m units valued at N1.36m 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 Taiwan Weighted Index leads the top five gainers with 2.18% gain while the Russia MICEX Index tops the top three losers with 1.53% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Tanzania Index tops the top three gainers with 1.65% gain while the Botswana DFSI tops the top five losers with 1.41% 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 advanced by 0.08% to close at 8.83% while the Open Repo (OPR) rate closed flat at 8.50%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI closed flat at 455.71 while the AFEX AEI also closed fat at 202.33 basis points
3.2 AFEX Commodity Prices
Sorghum grew by 29.51% to top the gainers chart while Ginger declined by 19.88% to top the losers chart.
3.3 Global Commodity Prices
Gold recorded 0.02% gain while Silver depreciated by 0.28% as of 11:02 NY time
In the energy market, Brent declined by 3.91% while WTI also declined by 4.40% as of 10:04 AM Central Daylight Time (CDT)
- CURRENCY/ FX MARKET
The naira appreciated by 0.10% at the I&E FX Window to close at N445.67/USD while the NAFEX rate also appreciated by 0.07% to close at N443.31/USD
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VITAFOAM Nigeria Plc 9M 2022 Result: Mounting Debt Spooks Rising Profitability
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CEO Remuneration 2022: CEOs in a Post COVID Era – What Matters Most
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CardinalStone Shines at BAFI, Wins Stockbroking Firm of the Year Award, Three Others
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COP27: Nigerians to Benefit from UK £95m Support
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NAICOM Sets Growth Plans for Insurance Industry
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Unity Bank Plc Declares N2.21bn PAT in Q3 2022 Results,(SP:N0.44k)
Unity Bank Plc, a financial institution in the financial services sector announced 16.8% revenue growth in Q3 22 Results.
- Gross Income grew by 16.8% from N36.18bn to N42.24bn.
- Profit before tax stood at N2.21bn
- Profit after tax stood at N2.03bn
- Share Price Currently Stands at N0.44k