Investors Gain N53.74bn as NGXASI Advances Further by 0.20%; Overnight Rate Contracts to 10.25%; BDC Depreciates to 746
- EQUITIES MARKET
1.1 NGX – Listed Equities
Nigerian Equities Market closed positive as the key market indicator advanced by 98.67 bps amid positive market breadth
The NGX All-Share Index advanced by 0.20 to close at 49,414.96 basis points as against a 0.17% gain recorded previously to close at 49,316.29 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N53.74bn gain.
YTD, the NGXASI Stands at +15.68%
The total volume traded declined by 26% to close at 76.75m, valued at N1.33bn and traded in 3,262 deals. GTCO was the most traded stock by volume with 16.61m units traded while GTCO was also the most traded stock by value which is put at N352.21m
Sectoral performance was broadly positive as twelve (12) NGX sector index closed northward, one (1) closed southward and five (5) closed flat. The NGXGROWTH index advanced by 3.63% to top the gainer’s chart while the NGX Insurance index declined by 0.05% to top the losers’ chart.
The Dangote index closed flat at 136.66 basis points while the Elumelu index advanced by 0.32% to close at 111.83 basis points.
At the close of trading, the market recorded 13 gainers to 10 losers and 75 unchanged. THOMASWY topped the list of gainers while PZ topped the list of losers.
Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.08x.
Volume and Value Contribution
GTCO led the volume’s chart with 21.64% contribution and closely followed by UBA and CHAMS
GTCO tops the value’s chart with 26.57% contribution and followed by NESTLE and MTNN
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 0.02% to close at 708.47 basis points as against the 0.14% gain recorded previously to close at 708.32 basis points
The total volume traded declined by 99.01% to close at 50,460 units valued at N3.33m and traded in 9 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 Mexico IPC Index leads the top five gainers with 1.11% gain while the China SSE Composite Index tops the top five losers with 2.18% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Zimbabwe All Share Index tops the top four gainers with 2.45% gain while the Egypt EGX 30 Index tops the top five losers with 2.66% loss as of 4pm Nigerian Time
- BONDS AND FIXED INCOME MARKETS
2.1 Debt Market Size
The FMDQ Debt Market Size declined by 0.03% to close at N 30.54trn.
2.2 Overnight and Open Repo (OPR)
The Overnight lending rate contracted by 0.25% to close at 10.25% while the Open Repo (OPR) rate also contracted by 0.13% to close at 9.50%
- COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI advanced by 1.44% to close at 462.29 while the AFEX AEI declined by 0.52% to close at 224.1 basis points
3.2 AFEX Commodity Prices
Maize advanced by 3.15% to top the gainers’ chart while Paddy rice declined by 7.22% to top the losers’ chart.
3.3 Global Commodity Prices
Gold recorded 0.44% loss while Silver declined by 1.55% as of 11: 06 NY time
In the energy market, Brent declined by 0.21% and WTI also declined by 0.04% as of 11: 07 AM Central Daylight Time (CDT)
- CURRENCY/ FX M7ARKET
The naira at the I&E FX Window closed flat at N451.50/USD while the NAFEX rate depreciated by 0.18% to close at N450.22/USD
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Key Highlights
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SEC Approves NGX Technology Board Listing Rules
Nigerian Exchange Limited (“NGX or “The Exchange”) is pleased to announce that the Securities and Exchange Commission (SEC) approved the Rules for Listing on NGX Technology Board on 15 December 2022.
The NGX Technology Board is a specialised platform for technology-based companies to list and raise capital on The Exchange. Through the Board, NGX aims to encourage investments in indigenous technologically inclined companies and others across Africa, provide greater visibility to these companies and ultimately deepen the Nigerian capital market. Securities listed on NGX Technology Board will be accessible to qualified institutional investors, retail investors, and high-net-worth investors.
Commenting on the approval of the Rules, the Chief Executive Officer of NGX, Mr. Temi Popoola said, “This is a landmark achievement that will position the Exchange as an attractive destination for capital formation by companies within the Technology Sector. It also attests to NGX’s dedication to deepening the Nigerian capital market. On behalf of the Board and Management of NGX, I would like to express our appreciation to the SEC for approving the Rules. I would also thank the Board of NGX for their invaluable contribution during this process. We are confident that NGX Technology Board will encourage start-ups, both Nigerian-founded and from other African countries, to list on the Exchange as they work towards meeting their financing needs.”
The CEO of NGX RegCo, Ms Tinuade Awe on her part said, “The approval comes after deliberation on the draft Rules by the Regulation and New Business Committee (RNBC) of NGX RegCo and the consideration of stakeholders’ comments on the exposed draft rules, followed by the subsequent submission to and approval by the Board of NGX RegCo. We are much obliged to the SEC for its quality input and approval of NGX Technology Board Rules.”
NGX, the sustainable exchange championing Africa’s growth, is committed to stimulating the technological transformation of the capital market and the development of Africa’s technology sector.
