Investors Gain N253.46bn as NGXASI Inches up by 1.07%; Overnight Rate Closes Flat at 8.83%; BDC Appreciates to 740
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market maintained positive posture as the key market indicator inched up by 465.34bps amid negative market breadth
The NGX All-Share Index advanced by 1.07% to close at 43,942.82 basis points as against 0.04% gain recorded previously to close at 43,477.48 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N253.46bn gain.
YTD, the NGXASI Stands at +2.87%
The total volume traded advanced by 203.59% to close at 405.00m, valued at N3.09bn and traded in 3,188 deals. STERLNBANK was the most traded stock by volume with 171.15m units traded while AIRTELAFRI was the most traded stock by value which is put at N700.25mln
Sectoral performance was broadly positive as twelve (12) NGX sector index closed northward, three (3) closed southward while three (3) closed flat. The NGX Industrial index advanced by 3.51% to top the gainers chart while the NGX Insurance index dipped by 1.72% to top the losers’ chart.
Dangote index advanced by 7.34% to close at 125.00 basis points as the Elumelu index also advanced by 0.05% to close at 106.66 basis points.
At the close of trading, market recorded 15 gainers to 16 losers and 67 unchanged. MRS topped the list of gainers while JBERGER topped the list of losers.
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.01x.
Volume and Value Contribution
STERLNBANK led the volume’s chart with 42.26% contribution and closely followed by ACCESSCORP and TRANSCORP
AIRTELAFRI tops the value’s chart with 22.61% 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 dipped by 0.33% to close at 714.99 basis points as against 0.02% loss recorded previously to close at 717.34 basis points
The total volume traded advanced by 21208.38% to close at 234.89m units valued at N139.12m and traded in 11 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 USA Nasdaq Index leads the top five gainers with 4.15% gain while the Brazil Bovespa Index tops the top three losers with 4.53% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Egypt 30 Index tops the top three gainers with 2.73% gain while the Zimbabwe ASI tops the top five losers with 3.44% 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 closed flat at 8.83% while the Open Repo (OPR) rate also 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 flat at 202.33 basis points
3.2 AFEX Commodity Prices
Cashew grew by 13.04% to top the gainers chart while Sorghum declined by 17.02% to top the losers chart.
3.3 Global Commodity Prices
Gold recorded 0.86% gain while Silver also appreciated by 0.63% as of 11:04 NY time
In the energy market, Brent advanced by 2.22% while WTI also advanced by 1.78% as of 10:07 AM Central Daylight Time (CDT)
- CURRENCY/ FX MARKET
The naira depreciated by 0.10% at the I&E FX Window to close at N446.10/USD while the NAFEX rate also depreciated by 0.11% to close at N443.80/USD
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- Profit before tax stood at N2.21bn
- Profit after tax stood at N2.03bn
- Share Price Currently Stands at N0.44k
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