Investors Lose N1.85bn as NGXASI Declines by 0.01%; Overnight Rate Contracts to 9.63%; BDC Appreciates to 750
- EQUITIES MARKET
Nigerian Equities Market closed positive as the key market indicator advanced by 3.40bps amid flat market breadth
The NGX All-Share Index declined by 0.01% to close at 47,656.64 basis points as against 0.71% gain recorded previously to close at 47,660.04 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N1.85bn loss.
YTD, the NGXASI Stands at +11.57%
The total volume traded advanced by 61.55% to close at 172.9m, valued at N2.84bn and traded in 3,073 deals. FCMB was the most traded stock by volume with 49.8m units traded while MTNN was also the most traded stock by value which is put at N891.98m
Sectoral performance was broadly positive as ten (10) NGX sector index closed northward, five (5) closed southward and three (3) closed flat. The NGXAFRBVI index advanced by 2.35% to top the gainer’s chart while NGX LII index declined by 0.29% to top the losers’ chart.
The Dangote index closed flat at 136.91 basis points while the Elumelu index advanced by 2.47% to close at 113.97 basis points.
At the close of trading, the market recorded 11 gainers to 11 losers and 77 unchanged. UPDCREIT topped the list of gainers while HONYFLOUR topped the list of losers.
Thus, market breadth closed flat as the Market Breadth Index (MBI) is put at 0.00x.
Volume and Value Contribution
FCMB led the volume’s chart with 28.80% contribution and closely followed by COURTVILLE and ACCESSCORP
MTNN tops the value’s chart with 31.37% contribution and followed by AIRTELAFRI and ZENITHBANK
1.2 NASD OTC Exchange – Unlisted Equities
The NASD market index closed flat at 702.76 basis points as against the flat position recorded previously to close at 702.76 basis points
The total volume traded closed flat at 14,508 units valued at N0.66m and traded in 4 deal(s).
At the close of trading, NASD OTC market recorded zero (0) gainer(s) to zero (0) loser(s)
1.3 Global Indices
On the global scene, the USA Nasdaq Index leads the top five gainers with 4.64% gain while the Jakarta JKSE Index tops the top five losers with 0.85% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the South Africa Resource 10 Index tops the top five gainers with 2.89% gain while the Lusaka All Share Index tops the top five losers with 0.76% 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 this report was completed.
2.2 Overnight and Open Repo (OPR)
The Overnight lending rate contracted by 1.25% to close at 9.63% while the Open Repo (OPR) rate also contracted by 0.75% to close at 9.50%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI closed flat at 455.71 while the AFEX AEI appreciated by 0.41% to close at 209.65 basis points
3.2 AFEX Commodity Prices
Paddy rice advanced by 1.15% to top the gainers’ chart while Cashew declined by 0.82% to top the losers’ chart.
3.3 Global Commodity Prices
Gold recorded 1.63% gain while Silver advanced by 1.48% as of 09: 57 NY time
In the energy market, Brent advanced by 2.21% and WTI also advanced by 2.84% as of 09: 58 AM Central Daylight Time (CDT)
- CURRENCY/ FX M7ARKET
The naira at the I&E FX Window depreciated by 0.12% to close at N445.83/USD while the NAFEX rate appreciated by 0.04% to close at N444.43/USD
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