Investors Gain N709.73bn as NGXASI Advances Further by 2.90%; Overnight Rate Closes Flat at 17.25%; BDC Depreciates to 777
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market closed positive as the key market indicator advanced by 1,303.04bps amid positive market breadth
The NGX All-Share Index advanced by 2.90% to close at 46,232.37 basis points as against 0.60% gain recorded previously to close at 44,662.96 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N709.73bn gain.
YTD, the NGXASI Stands at +8.23%
The total volume traded advanced by 48.47% to close at 187.91m, valued at N1.84bn and traded in 3,458 deals. TRANSCORP was the most traded stock by volume with 26.53m units traded while ZENITHBANK was also the most traded stock by value which is put at N250.05m
Sectoral performance was broadly positive as fifteen (15) NGX sector index closed northward, zero (0) closed southward and three (3) closed flat. The NGX-IND index advanced by 9.25% to top the gainer’s chart.
The Dangote index advanced by 9.60% to close at 136.83 basis points and the Elumelu index advanced by 2.44% to close at 112.31 basis points.
At the close of trading, the market recorded 27 gainers to 10 losers and 65 unchanged. NSLTECH topped the list of gainers while SCOA topped the list of losers.
Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.26x.
Volume and Value Contribution
TRANSCORP led the volume’s chart with 14.12% contribution and closely followed by ACCESSCORP and ETI
ZENITHBANK tops the value’s chart with 13.57% contribution and followed by GTCO and BUACEMENT
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 advanced by 0.01% to close at 711.91 basis points as against the flat position recorded previously to close at 711.91 basis points
The total volume traded advanced by 3034.95% to close at 1,004,750 units valued at N1.7m and traded in 5 deal(s).
At the close of trading, NASD OTC market recorded one (1) gainer(s) to zero (0) 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 Nigeria All Share Index leads the top five gainers with 2.90% gain while the East Isreal TA-100 Index tops the top five losers with 1.55% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Nigeria All Share Index tops the top five gainers with 2.90% gain while the South Africa Industrial 25 Index tops the top five losers with 0.97 % loss as of 4pm Nigerian Time
- BONDS AND FIXED INCOME MARKETS
2.1 Debt Market Size
The FMDQ Debt Market Size advanced by 0.03% to close at N29.92trn.
2.2 Overnight and Open Repo (OPR)
The Overnight lending rate closed flat at 17.25% while the Open Repo (OPR) rate closed flat at 17.13%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI closed flat at 455.71 while the AFEX AEI closed flat at 204.19 basis points
3.2 AFEX Commodity Prices
Paddy Rice grew by 11.36% to top the gainers chart while Cocoa declined by 0.31% to top the loser’s chart.
3.3 Global Commodity Prices
Gold recorded 0.18% loss while Silver advanced by 0.76% as of 10: 54 NY time
In the energy market, Brent declined by 3.53% while WTI also declined by 4.51% as of 10: 55 AM Central Daylight Time (CDT)
- CURRENCY/ FX M7ARKET
The naira at the I&E FX Window depreciated by 0.11% to close at N446/USD while the NAFEX rate depreciated by 0.02% to close at N444.50/USD
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Today, President Muhammadu Buhari, GCFR, unveiled the redesigned N200, N500 and N1000 notes at the Executive Chambers of the Presidential Villa, Aso Rock, Abuja.
The ceremony was held at the weekly Federal Executive Council (FEC), which the President Chaired. In attendance was the Senate President, Dr. Ahmed Lawan, and the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, CON.
The unveiling came much earlier than the planned date of December 15th, 2022. The N200 note bears the red colour, the N500 the green colour and the N1,000 the blue colour.
According to the CBN, redesigning the Naira notes will be done in a way that protects unbanked, under-served Nigerians and those in rural areas.
CBN Governor Mr. Godwin Emefiele, CON, speaking yesterday at the last monetary policy meeting for 2022, stated that there would be no extension of the January 31st,2022, date for the deposit of the current N200, N500 and N1000 notes.
