Market Round-up for the Week Ended 181122
Key Highlights
- The equities market recorded mixed performance – the listed equities market, NGXASI, recorded a gain of +1.19%WoW and the NASD OTC closed negative with a -0.45%
- The IEFX rate closed negative and the NAFEX rate closed positive.
- The BDC rates closed positive.
- 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 positive at the end of the week
- AFEX ACI closed flat while the AEI index closed positive
- Equity
NSE
- The NGXASI inched up by +1.19% W-o-W.
- On top gainer and loser sector indices, NSE AFRBVI sector closed positive with +5.89% W-o-W while NSE Oil and Gas closed negative with -1.34%W-o-W.
- During the week, the Dangote Index closed negative by -0.12% while the Elumelu Index closed negative by -0.21% W-o-W.
Chart 1: Market Performance
| Market Performance | |||
| Sectors | 11-Nov-22 | 18-Nov-22 | WoW Chg |
| NGX ASI | 43,968.75 | 44,492.73 | 1.19% |
| NSE-30 | 1,587.30 | 1,608.33 | 1.32% |
| NSE Consumer Goods | 545.90 | 550.89 | 0.91% |
| NSE Banking | 371.61 | 387.31 | 4.22% |
| NSE Insurance | 153.64 | 155.07 | 0.93% |
| NSE Oil and Gas | 454.66 | 448.56 | -1.34% |
| NSE LII | 2,786.92 | 2,800.65 | 0.49% |
| NSE-IND | 1,983.76 | 1,976.36 | -0.37% |
| NSE-ASeM | 658.99 | 658.99 | 0.00% |
| NSE Pension | 1,601.58 | 1,647.90 | 2.89% |
| NSE Premium | 4,280.71 | 4,342.93 | 1.45% |
| NSE Main Board | 1,914.25 | 1,934.11 | 1.04% |
| NSECG | 1,136.63 | 1,172.23 | 3.13% |
| NSEAFRBVI | 835.77 | 885.02 | 5.89% |
| NSEAFRHDYI | 2,937.22 | 3,008.47 | 2.43% |
| NSEMERIGRW | 2,050.06 | 2,120.75 | 3.45% |
| NSEMERIVAL | 2,095.86 | 2,115.05 | 0.92% |
| NSEGROWTH | 1,659.11 | 1,659.11 | 0.00% |
| Dangote Index | 125.00 | 124.85 | -0.12% |
| Elumelu Index | 107.74 | 107.51 | -0.21% |
Source: NSE
NASD
The NASD USI closed negative with -0.45% loss W-o-W
Market CAP closed negative with -0.45% loss W-o-W
| Parameter | 11-Nov-22 | 18-Nov-22 | WoW Chg |
| USI | 714.80 | 711.61 | -0.45% |
| MKT Capitalization (Bn) | 939.25 | 935.07 | -0.45% |
| Volume Traded | 2,524.00 | 100.00 | -96.04% |
| Value Traded (000) | 311,522.00 | 15,500.00 | -95.02% |
| Deals Executed | 7.00 | 1.00 | -85.71% |
Source: NASD Plc
- Bonds
Debt Market Size
The FMDQ Debt Market Size moved up by +1.15% to close at N29.95trn
| Debt Market Size as @ November 18, 2022 | |||
| Index | 18-Nov-22 | 11-Nov-22 | % Chg |
| Debt Market Size | 29.95 | 29.61 | 1.15% |
- Commodities
Global Commodities
Brent crude oil prices moved down by -10.05% W-o-W to $86.34 per barrel
WTI moved down by -11.86% W-o-W to $78.41 per barrel as at the time of writing this report. (04:03 pm)
| Commodity | 18-Nov-22 | 11-Nov-22 | 31-Dec-21 | Weekly Chg | YTD Chg |
| Brent | 86.34 | 95.99 | 78.53 | -10.05% | 9.95% |
| WTI | 78.41 | 88.96 | 75.89 | -11.86% | 3.32% |
| Gold | 1751.8 | 1769.4 | 1827.5 | -0.99% | -4.14% |
| Silver | 20.89 | 21.667 | 23.265 | -3.59% | -10.21% |
| Platinum | 986.9 | 1038.1 | 958 | -4.93% | 3.02% |
| Palladium | 1963 | 2026.5 | 1883.5 | -3.13% | 4.22% |
| CNBC | |||||
AFEX Indices
ACI remained flat W-o-W to close at 455.71 and the AEI moved up by +3.97% W-o-W to close at 210.37
AFEX Commodities
Maize moved up by +3.59% to close at N248.14 and Paddy Rice also moved up by +16.82% to close at N360
| Afex Commodity Prices | |||
| Commodities | 18-Nov-22 | 11-Nov-22 | % Chg |
| Maize | 248.14 | 239.55 | 3.59% |
| Sorghum | 232.42 | 239.64 | -3.01% |
| Cashew | 622.2 | 621.71 | 0.08% |
| Cocoa | 1500.5 | 1414.67 | 6.07% |
| Ginger | 1020.46 | 1020.46 | 0.00% |
| Sesame | 830 | 830 | 0.00% |
| Soybeans | 365.01 | 337.79 | 8.06% |
| Paddy rice | 360 | 308.16 | 16.82% |
| Wheat | 380 | 380 | 0.00% |
Source: AFEX
- Forex
The NAFEX closed positive and the IEFX rates closed negative.
BDC Rate closed positive
| FX | 18-Nov-22 | 11-Nov-22 | % Chg | 31-Dec-21 | YTD Chg |
| I & E | 445.67 | 446.1 | +0.10% | 435 | -2.45% |
| BDC | 785 | 700 | -12.14% | 568 | -38.20% |
| NAFEX | 444.38 | 443.8 | -0.13% | 414.45 | -7.22% |
| Source: FMDQ, CBN, Everdon | |||||
