Equities Investors Lost N394.37bn with NGXASI Down 0.66% as Market Sustained Bearish Trend; BDC Rate Depreciated to N1,738/USD
1. EQUITIES MARKET
The Nigerian bourse sustained its negative trajectory at the close of Tuesday’s trading on selloffs in CADBURY (-9.89%), ARADEL (-8.33%), TRANSCORP (-7.41%), ACCESSCORP (-4.65%), FIDELITYBK (-3.82%), and STANBIC (-3.69%), among others.
Consequently, the All-Share Index (ASI) and market capitalisation fell 0.66%, with NGXASI closing at 98,058.07 points from 98,708.90 points the previous session while investors lost N394.37bn as market capitalisation dropped to N59.42trn. The year-to-date return declined to 31.14%.
The Market Breadth closed negatively at 0.09x with 26 gainers against 32 losers and 65 unchanged equities. NNFM topped the gainers’ list, while CADBURY topped the losers’ list.
The total volume traded advanced 13.06% to close at 399.32m, valued at N8.93bn and traded in 9,547 deals. UBA was the most traded stock by volume and value with 90.41m and N2.61bn units traded.
The Gote closed flat at 251.57 points, Samad indices declined by 0.33% at 325.04 respectively, while the Toni index fell 1.81% to close at 1,657.99 points.
Volume and Value Contribution
UBA was the most traded in volume, contributing 22.64%, while CHAMS and TRANSCORP followed closely with 20.18% and 7.93%, respectively.
UBA contributed the most in value traded, with a 29.22% share, while TRANSCORP and ARADEL followed closely.
NGX Earnings Summary
- International Energy Insurance Plc Q3 2024 Financial Statement – NGX
- Seplat Energy Plc Q3 2024 Financial Statement – NGX
- Eterna Plc Q3 2024 Financial Statement – NGX
NGX Corporate News
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index (NSI) closed Tuesday bearish, with the NSI down 0.04% to close at 2,996.76 points, reversing the 0.34% gain posted on Monday.
The total volume traded declined by 31.15% to close at 288,535 units valued at N8.14m, traded in 17 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 indices performed negatively today, with Taiwan Taiwan Weighted at the top of the loser’s 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
At the AFEX Commodity market on Tuesday, Maize increased 7.88% to close at N558.00, while Paddy rice dropped 0.42% to close at N726.13, respectively. 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) was not available at the time of filing the report.
3.4 Global Commodity Prices
As of 2:15 PM GMT on Tuesday, the global commodity market was bullish. Gold and Silver were up 0.72% and 1.54%. Brent and WTI crude futures increased 0.61% and 0.04%, respectively as the US reserve bid lent support. Click here to access more data on Global commodity prices.
The NAFEX rate depreciated 0.28% from N1,638.65/USD to N1,643.20/USD, while the average BDC rate also depreciated 0.12% from N1,736/USD to N1,738/USD. For updates on the Nigerian FX Market, kindly click here.
