Investors Lost N24.51bn as NGXASI Declined by 0.04%; BDC Rate Depreciated to N1,575/USD
. EQUITIES MARKET
The Nigerian bourse ended the midweek trading session on a negative note, snapping its previous three sessions gains, as selloffs in MTNN (-3.40%), NASCON (-1.85%), DANGSUGAR (-1.44%), and GTCO (-0.22%) offset the buying interests in JBERGER (+4.79%), UBA (+3.70%), FBNH (+3.94%), UCAP (+10%), FIDELITY (+2.4%), ACCESSCORP (+0.5%), and Oando (+5.62%).
As such, the All-Share Index (NGXASI) dipped 0.04% to close at 100,032.32 points, following a gain of 0.11% on Tuesday when the index closed at 100,075.59 points. Investors lost N24.51bn as market capitalisation decreased to N56.65trn while the year-to-date return stood at 33.78%.
The Market Breadth Index (MBI), which measures investors’ sentiment, closed positively at 0.17x, with 28 gainers against 15 losers while 75 equities were unchanged. UCAP topped the gainers’ list, while RTBRISCOE topped the losers’ list.
The total volume traded advanced by 198.40% to close at 1.10bn, valued at N10.08bn and traded in 8,720 deals. JAIZBANK was the most traded stock by volume with N528.49m units traded, while ZENITHBANK was the most traded stock by value, worth N3.11bn
The Gote index declined 0.08% to close at 343.47 points, the Toni index advanced 1.12% to close at 1,303.11 points, while the Samad index remained flat at 364.34 points.
Volume and Value Contribution
JAIZBANK was the most traded in volume, contributing 48.08%, while CUTIX and ZENITHBANK followed closely.
The value chart shows that ZENITHBANK contributed the most, with a 30.84% share. CUTIX and JAIZBANK followed closely.
NGX Earnings Summary
- United Capital Plc Q2 2024- Financial Statement – NGX
- Livingtrust Mortgage Bank Plc Q2 2024 – Financial Statement – NGX
For more analysis of the NGX-listed equities, click here.
NGX Corporate News
- Nigerian Breweries Plc – Notice 0f Board Meeting – NGX
- United Capital Plc Directors Dealings – NGX
- Eterna Plc – Notice of Board Meeting – NGX
- ABC Transport Plc Directors Dealings – NGX
- AXA Mansard Insurance Plc- Notices of Annual General Meeting (AGM) – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index reversed its previous session gain on Wednesday as the NASD benchmark Index decreased by 1.48% to close at 1,500.01 points, following a 1.41% uptick on Tuesday at 1,522.47 points.
The total volume traded declined by 80.37% to close at N724,950 units valued at N1.30bn, traded in 41 deal(s).
At the close of trading, the NASD OTC market recorded one (1) gainer and two (2) losers.
1.3 Global Indices
The global stock indices performed positively today, with USA’s Dow Jones Ind. Avg. at the top of the chart. For more updates on the Global scene, click here.
1.4 African Indices
The prices in the African market are relatively favourable today. For the latest data and updates, please kindly click here.
2. BONDS AND FIXED-INCOME MARKETS
2.1 Debt Market Size
The Debt Market Size was unavailable at the time of finalising this report.
2.2 Overnight and Open Repo (OPR)
The Overnight and Open repos are currently unavailable when finalising this report.
3.1 AFEX Indices
The AFEX ACI and AEI were unavailable when finalising this report. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
The prices at the AFEX Commodity Market were mostly unchanged today; Maize increased by 8.28% to close at 880.31, followed by Soybeans, which grew by 2.24% to close at 730,00. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
On Wednesday, Eko Gold price at the Lagos Commodities and Futures Exchange (LCFE) traded upward by 0.31% to close at N88,120.00 per gram.
3.4 Global Commodity Prices
At 2:15 PM GMT, Gold increased by 0.46%, while Silver fell by 0.86%. Brent and WTI grew by 1.17%and 3.04% in the energy market. Click here to access more data on Global commodity prices.
The NAFEX rate depreciated 0.07% from N1,557.75/USD to N1,558.87/USD, while the BDC rate also depreciated by 0.63% from N1,565/USD to N1,575/USD
