Investors Gain N32.57bn as NGXASI Advances Further by 0.12%; Overnight Rate Contracts to 10.38%; BDC Depreciates to 737
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market closed positive as the key market indicator advanced by 59.80 bps amid negative market breadth
The NGX All-Share Index advanced by 0.12% to close at 48,426.49 basis points as against a 0.20% gain recorded previously to close at 48,366.69 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N32.57bn gain.
YTD, the NGXASI Stands at +13.37%
The total volume traded declined by 20.82% to close at 146.21m, valued at N3.36bn and traded in 2,810 deals. FBNH was the most traded stock by volume with 59.27m units traded while GEREGU was also the most traded stock by value which is put at N1.53bn
Sectoral performance was broadly flat as seven (7) NGX sector index closed northward, seven (7) closed southward and four (4) closed flat. The NGX Food and Beverages index advanced by 0.90% to top the gainer’s chart while NGXInsurance index declined by 0.55% to top the losers’ chart.
The Dangote index closed flat at 136.89 basis points while the Elumelu index also declined by 0.58% to close at 111.58 basis points.
At the close of trading, the market recorded 11 gainers to 17 losers and 66 unchanged. THOMASWY topped the list of gainers while SCOA topped the list of losers.
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.09x.
Volume and Value Contribution
FBNH led the volume’s chart with 40.54% contribution and closely followed by GEREGU and ZENITHBANK
GEREGU tops the value’s chart with 45.72% contribution and followed by FBNH and NESTLE
1.2 NASD OTC Exchange – Unlisted Equities
The NASD market index closed flat at 712.16 basis points as against the 0.99% loss recorded previously to close at 712.16 basis points
The total volume traded declined by 94.50% to close at 56,370 units valued at N1.3m and traded in 13 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 Argentina MerVal Index leads the top three gainers with 1.39% gain while the Hong Kong Hang Seng Index tops the top five losers with 3.22% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Egypt EGX 30 Index tops the top five gainers with 1.99% gain while the South Africa Resource 10 Index tops the top five losers with 1.07% 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 0.50% to close at 10.38% while the Open Repo (OPR) rate also contracted by 0.63% to close at 10.00%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI depreciated by 1.49% to close at 456.93 while the AFEX AEI depreciated by 0.61% to close at 224.44 basis points
3.2 AFEX Commodity Prices
Soybeans advanced by 7.71% to top the gainers’ chart while Cocoa declined by 3.99% to top the losers’ chart.
3.3 Global Commodity Prices
Gold recorded 0.59% gain while Silver advanced by 2.03% as of 10: 27 NY time
In the energy market, Brent advanced by 0.59% and WTI also advanced by 0.43% as of 10: 30 AM Central Daylight Time (CDT)
- CURRENCY/ FX M7ARKET
The naira at the I&E FX Window depreciated by 0.02% to close at N445.87/USD while the NAFEX rate also appreciated by 0.11% to close at N444.20/USD
Airtel Africa Plc Signs $194m Facility with International Finance Corporation
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the signing of a new $194m facility with International Finance Corporation (‘IFC’), a sister organization of the World Bank and a member of the World Bank Group.
The new financing facility is in line with Airtel’s Africa strategy to increase debt within its operating companies.
The facility has a tenor of eight years and will be used to support Airtel Africa’s operations and investments in Democratic Republic of Congo, Kenya, Madagascar, Niger, Republic of Congo and Zambia, providing a more diversified access to local funding.
Geregu Power Plc and Funds for Export Development (FEDA) Begin Discussions for Geregu Power Plc Shares Acquisition
Geregu Power Plc (the Company) hereby notifies Nigerian Exchange Limited (the Exchange) and the investing public of its discussions with the Fund for Export Development in Africa (FEDA) for the acquisition of a portion of Geregu Power Plc shares. FEDA is the impact development arm of the Africa Export and Import Bank (Afreximbank).
The discussions are currently on going and where these talks progress to a more advanced stage, the Company will notify the Exchange and the investing public in line with the rules of the Exchange.
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