Market Round-up for the Week Ended 111122
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% loss.
- The IEFX rate closed positive and the NAFEX rate closed positive.
- The BDC rates closed negative.
- The Brent Crude Oil price moved down while WTI Crude Oil price moved down at the end of the week.
- The FMDQ Debt Market Size closed flat
- AFEX ACI closed positive while the AEI index closed negative
- Equity
NSE
- The NGXASI inched down by -0.68% W-o-W.
On top gainer and loser sector indices, NSE AFRBVI sector closed positive with +0.38% W-o-W while NSE INSURANCE closed negative with -2.25% W-o-W.
- During the week, the Dangote Index closed negative by -0.60% whilethe Elumelu Index closed positive by +3.07% W-o-W.
Chart 1: Market Performance
| Market Performance | |||
| Sectors | 04-Nov-22 | 11-Nov-22 | WoW Chg |
| NGX ASI | 44,269.18 | 43,968.75 | -0.68% |
| NSE-30 | 1,600.44 | 1,587.30 | -0.82% |
| NSE Consumer Goods | 556.73 | 545.90 | -1.95% |
| NSE Banking | 370.98 | 371.61 | 0.17% |
| NSE Insurance | 157.17 | 153.64 | -2.25% |
| NSE Oil and Gas | 458.04 | 454.66 | -0.74% |
| NSE LII | 2,805.86 | 2,786.92 | -0.68% |
| NSE-IND | 1,989.55 | 1,983.76 | -0.29% |
| NSE-ASeM | 658.99 | 658.99 | 0.00% |
| NSE Pension | 1,610.04 | 1,601.58 | -0.53% |
| NSE Premium | 4,313.67 | 4,280.71 | -0.76% |
| NSE Main Board | 1,926.04 | 1,914.25 | -0.61% |
| NSECG | 1,143.84 | 1,136.63 | -0.63% |
| NSEAFRBVI | 832.62 | 835.77 | 0.38% |
| NSEAFRHDYI | 2,905.20 | 2,937.22 | 1.10% |
| NSEMERIGRW | 2,056.39 | 2,050.06 | -0.31% |
| NSEMERIVAL | 2,091.58 | 2,095.86 | 0.20% |
| NSEGROWTH | 1,659.11 | 1,659.11 | 0.00% |
| Dangote Index | 125.75 | 125.00 | -0.60% |
| Elumelu Index | 104.53 | 107.74 | 3.07% |
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
- Bonds
Debt Market Size
The FMDQ Debt Market Size closed flat to close at N29.63trn
| Debt Market Size as @ November 10, 2022 | |||
| Index | 10-Nov-22 | 04-Nov-22 | % Chg |
| Debt Market Size | 29.63 | 29.63 | 0.00% |
- Commodities
Global Commodities
Brent crude oil prices moved down by -1.30% W-o-W to $96.32 per barrel
WTI moved down by -3.22% W-o-W to $88.47 per barrel as at the time of writing this report. (06:12 pm)
| Commodity | 11-Nov-22 | 04-Nov-22 | 31-Dec-21 | Weekly Chg | YTD Chg |
| Brent | 96.32 | 97.59 | 78.53 | -1.30% | 22.65% |
| WTI | 88.47 | 91.41 | 75.89 | -3.22% | 16.58% |
| Gold | 1761.83 | 1702.1 | 1827.5 | 3.51% | -3.59% |
| Silver | 21.43 | 20.62 | 23.265 | 3.93% | -7.89% |
| Platinum | 1030 | 952.9 | 958 | 8.09% | 7.52% |
| Palladium | 2024.5 | 1850 | 1883.5 | 9.43% | 7.49% |
| CNBC | |||||
AFEX Indices
ACI moved up by +1.62% W-o-W to close at 455.71 and the AEI moved down by +0.07% W-o-W to close at 202.33
| Afex Indices | |||
| Index | 11-Nov-22 | 04-Nov-22 | % Chg |
| ACI | 455.71 | 448.43 | 1.62% |
| AEI | 202.33 | 202.48 | -0.07% |
AFEX Commodities
Ginger moved up by -16.52% to close at N206.6 and Maize also moved up by +15.95% to close at N239.55
| Afex Commodity Prices | |||
| Commodities | 11-Nov-22 | 04-Nov-22 | % Chg |
| Maize | 239.55 | 206.6 | 15.95% |
| Sorghum | 240.99 | 216.81 | 11.15% |
| Cashew | 622.09 | 619.26 | 0.46% |
| Cocoa | 1414.7 | 1313.58 | 7.70% |
| Ginger | 1189 | 1020.46 | 16.52% |
| Sesame | 766.83 | 830 | -7.61% |
| Soybeans | 366.1 | 357.3 | 2.46% |
| Paddy rice | 329.6 | 364.3 | -9.53% |
| Wheat | 380 | 380 | 0.00% |
Source: AFEX
- Forex
The NAFEX closed positive and the IEFX rates closed positive.
BDC Rate closed negative
| FX | 11-Nov-22 | 04-Nov-22 | % Chg | 31-Dec-21 | YTD Chg |
| I & E | 446.1 | 445.75 | 0.08% | 435 | 2.55% |
| BDC | 700 | 895 | -21.79% | 568 | 23.24% |
| NAFEX | 443.8 | 443.75 | 0.01% | 414.45 | 7.08% |
| Source: FMDQ, CBN, Everdon | |||||
