Domestic Bourse Shed Some Gains, as NGXASI Fell 0.49% and NSI Fell 0.92%; BDC Rate Appreciates to N1,385/US$1
Snapshot
The domestic bourse closed Tuesday in the red, reversing some of the gains recorded in previous sessions, with the benchmark All-Share Index (ASI) down 0.49% to close at 189,321.24 points, compared with 190,262.44 points recorded in the previous session. Consequently, the year-to-date (YTD) return eased to 21.66%.
Market breadth remained positive, with 44 gainers against 40 decliners, highlighting broad-based accumulation across key sectors. ABCTRANS topped the gainers’ chart, while MECURE led the decliners.
Top performers for the day included MECURE (-10.00%), ZENITHBANK (-10.00%), SKYAVN (-10.00%), UBA (-6.56%), ACCESSCORP (-4.63%), WAPCO (-4.04%), MTNN (-3.81%), FIDELITYBK (-2.35%), GTCO (-2.33%), ETI (-2.27%), MAYBAKER (-1.60%), BERGER (-1.33%), WEMABANK (-0.73%), NB (-0.62%), DANGSUGAR (-0.36%), ARADEL (-0.25%), 24 others.
The Proshare memorandum index closed mixed, with the price-weighted return up 0.29% to close at 1,134.67 points, up from 1,131.38 points in the previous session, while the float-adjusted return fell 3.19% to close at 813.24 points, down from 840.05 points in the previous session.
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Volume and Value Contribution
Market activity was up, with total volume traded up 11.52% to 1.20bn, valued at N60.19bn across 86,607. ACCESSCORP recorded the highest volume with 103.49m units traded, accounting for 8.62% of the day’s total volume, while ZENITHBANK recorded the highest value traded at N8.01bn, accounting for 13.30% of the total value traded for the day. ZENITHBANK and JAPAULGOLD accounted for 7.76% and 6.15% of total volume, respectively, while ARADEL and MTNN followed ZENITHBANK in traded value.
NGX Earnings Summary
Corporate Results
No Financial Statement was released on the NGX website today.
NGX Corporate News
For an analysis of the NGX-listed equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
Similarly, the unlisted NASD Securities Index (NSI) closed bearish on Tuesday, down 0.92% to close at 3,964.55 points from 4,001.42 points on Monday.
The total volume traded declined to 4.16m, valued at N61.89m across 43 deals.
At the close of trading, the NASD OTC recorded five (5) gainers and two (2) losers.
1.3 Global Indices
The global indices closed lower on Tuesday, with Brazil’s Bovespa leading the losers 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 publishing this report.
2.2 Overnight and Open Repo (OPR)
The Overnight and Open Repo rates were unavailable while preparing the report.
3.1 AFEX Indices
On Tuesday, the AFEX ACI rose 1.69% to close at N39.80, while AEI fell 1.08% to close at N28.89. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
At the AFEX Commodity Market on Tuesday, sorghum and maize increased 4.78% and 4.48%, respectively, to close at N256.72 and N281.39, while soybeans and cocoa fell 4.44% and 1.69%, respectively, to close at N621.93 and N4,510.35. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
Eko Gold, Premium Eko Rice, and Eko Rice Classic prices at the Lagos Commodities and Futures Exchange (LCFE) remained unchanged on Tuesday, closing at N140,000.00 per gram, N50,000.00 per 50kg, and N55,000 per 50kg, respectively.
3.4 Global Commodity Prices
In the global commodity market, Gold and Silver declined 2.00% and 3.32%, respectively, to close at US$4,894.72 and US$74.22, while Brent and WTI crude futures fell 1.49% and 0.32%, respectively, to close at US$67.63 and US$62.69 at 02:21 PM GMT on Tuesday, as investors braced for nuclear talks between Iran and the U.S., and trilateral U.S.-Ukraine-Russia peace talks, both taking place in Geneva.
The average BDC rate appreciated by 0.72% to close at N1,385/USD from N1,395/USD, while the NFEM rate closed at N1,347.78/USD on Monday. For updates on the Nigerian FX Market, kindly click here.
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