Investors Lose N440bn as NGXASI Dips by 1.82%; Overnight Rate Declines by 0.08% to Close at 8.75%; BDC Appreciates to 800
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market closed in the red zone as the key market indicator declined by 807.83bps amid negative market breadth
The NGX All-Share Index declined by 1.82% to close at 43,461.60 basis points as against 0.07% gain recorded previously to close at 44,269.43 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N440.00bn loss.
YTD, the NGXASI Stands at +1.74%
The total volume traded advanced by 142.01% to close at 249.91m, valued at N2.50bn and traded in 3,283 deals. ACCESSCORP was the most traded stock by volume with 128.73m units traded while ACCESSCORP was also the most traded stock by value which is put at N1.03bn
Sectoral performance was broadly negative as one (1) NGX sector index closed northward, fourteen (14) closed southward while three (3) closed flat. The Oil and Gas index advanced by 0.56% to top the gainers chart while the NGX Industrial Goods index dipped by 3.93% to top the losers’ chart.
Dangote index declined by 7.90% to close at 115.81 basis points as the Elumelu index also declined by 0.10% to close at 105.52 basis points.
At the close of trading, market recorded 11 gainers to 18 losers and 72 unchanged. UNITYBNK topped the list of gainers while GUINNESS topped the list of losers.
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.09x.
Volume and Value Contribution
ACCESSCORP led the volume’s chart with 51.51% contribution and closely followed by FBNH and TRANSCORP
ACCESSCORP tops the value’s chart with 41.37% 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 dipped by 0.40% to close at 717.47 basis points as against flat position recorded previously to close at 720.36 basis points
The total volume traded advanced by 160.78% to close at 0.192m units valued at N14.47m 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 Chile IPSA Index leads the top five gainers with 1.89% gain while the Argentina MerVal Index tops the top three losers with 3.02% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Botswana DFSI Index tops the top three gainers with 1.43% gain while the Tanzania All Share Index tops the top five losers with 1.62% 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 declined by 0.08% to close at 8.75% 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 advanced by 2.01% to close at 202.33 basis points
3.2 AFEX Commodity Prices
Soybeans grew by 2.53% to top the gainers chart while Paddy Rice declined by 32.90% to top the losers chart.
3.3 Global Commodity Prices
Gold recorded 2.36% gain while Silver also appreciated by 3.64% as of 11:50 NY time
In the energy market, Brent declined by 2.07% while WTI also declined by 2.75% as of 11:52 AM Central Daylight Time (CDT)
- CURRENCY/ FX MARKET
The naira depreciated by 0.13% at the I&E FX Window to close at N446.10/USD while the NAFEX rate also depreciated by 0.06% at N443.64/USD
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