Investors Lost N46.70bn as NGXASI Declined by 0.08%; BDC Rate Depreciated to N1,590/USD
1. EQUITIES MARKET
The Nigerian stock market ended the day negative, reversing the gains seen on Monday. This downtrend was driven by the decrease in prices of UBA (-1.52%), FBNH (-0.91%), UCAP (-0.64%), ACCESSCORP (-0.26%), and 23 others.
Consequently, the All-Share Index (NGXASI) decreased by 0.08% to close at 100,486.12 points, following a 0.03% gain registered on Monday at 100,568.60 points. Investors lost N46.70bn as market capitalisation decreased to N56.90trn, while the year-to-date return stood at 34.39%.
The Market Breadth Index (MBI), which measures investors’ sentiment, closed negatively at -0.17x, with 27 losers against 14 gainers, while 76 equities were unchanged. IKEJAHOTEL topped the gainers’ list, while UPL topped the losers’ list.
The total volume traded declined by 16.32% to close at 280.92m, valued at N3.63bn and traded in 8,403 deals. VERITASKAP was the most traded stock by volume with N22.51m units traded, while UCAP remained the most traded stock by value, worth N817.10m.
The Gote and Samad indices closed flat at 343.37 and 364.34 points, respectively, while the Toni index declined by 0.26% to close at 1,297.14 points.
Volume and Value Contribution
VERITASKAP was the most traded in volume, contributing 8.01%, while UCAP and JAIZBANK followed closely.
The value chart shows that UCAP contributed the most, with a 22.54% share. ACCESSCORP and ZENITHBANK followed closely.
NGX Earnings Summary
- Unilever Nigeria Plc Q2 2024 Financial Statement – NGX
- International Energy Insurance Plc Q2 2024 Financial Statement – NGX
For more analysis of the NGX-listed equities, click here.
NGX Corporate News
- United Capital Plc Directors Dealings – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index (NSI) ended today’s trading on a bearish note, reversing Monday’s gain. The NSI dipped 0.21% to close at 1,491.92 points, in contrast with a 0.79% increase on Monday at 1,495.03 points.
The total volume traded declined by 90.10% to close at 127,098 units valued at N164.91m, traded in 18 deal(s).
At the close of trading, the NASD OTC market recorded one (1) gainer and one (1) loser.
1.3 Global Indices
The global indices were unavailable at the time this report was finalised. 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
At the AFEX Commodity Market today, Sorghum increased by 2.83% to close at 843.04, while Maize fell by 0.04% to close at 740.00. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
Eko Gold price at the Lagos Commodities and Futures Exchange (LCFE) closed flat today at N88,120.00 per gram.
3.4 Global Commodity Prices
At 2:15 PM GMT, Gold increased by 0.25%, while Silver decreased by 0.21%. Brent and WTI fell by 0.18% and 1.54% in the energy market. Click here to access more data on Global commodity prices.
The NAFEX rate appreciated 0.91% from N1,578.71/USD to N1,564.54/USD, while the BDC rate depreciated by 1.57% from N1,565/USD to N1,590/USD
