Investors Gained N16.54bn as NGXASI Advanced by 0.03%; BDC Rate Appreciated to N1,565/USD
1.1 NGX – Listed Equities
The Nigerian equities market kicked off the trading week with a bullish run, extending Friday’s upward momentum driven by appreciation in prices of JBERGER (+5.71%), ETI (+1.85%), ZENITHBANK (+1.35%), UBA (+0.88%), DANGSUGAR (+0.12%), GTCO (+0.11%), and 17 others.
As such, the All-Share Index (NGXASI) was up 0.03% to close at 100,568.60 points, following a 0.04% gain registered on Friday when the index closed at 100,539.40 points. Investors gained N16.54bn as market capitalisation increased to N56.95trn, while the year-to-date return stood at 34.50%.
The Market Breadth Index (MBI), which measures investors’ sentiment, closed positively at 0.10x, with 23 gainers against 15 losers, while 80 equities were unchanged. TANTALIZER topped the gainers’ list, while CAVERTON topped the losers’ list.
The total volume traded declined by 44.41% to close at 335.70m, valued at N3.72bn and traded in 8,760 deals. ELLAHLAKES was the most traded stock by volume with N110.68m units traded, while UCAP was the most traded stock by value, worth N778.61m
The Gote index advanced by 0.01% to close at 343.37, the Toni index declined by 0.06% to close at 1,300.58 points, while the Samad index remained flat at 364.34 points.
Volume and Value Contribution
ELLAHLAKES was the most traded in volume, contributing 32.97%, while UNIVINSURE and UCAP followed closely.
The value chart shows that UCAP contributed the most, with a 20.95% share. ZENITHBANK and GTCO followed closely.
NGX Earnings Summary
- Nigerian Enamelware Plc Q5 2024 Financial Statement – NGX
- UPDC Plc- Q2 2024 Financial Statement – NGX
For more analysis of the NGX-listed equities, click here.
NGX Corporate News
- Honeywell Flour Mill Plc Notice Of Board Meeting – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index (NSI) started the trading week on a positive note, bouncing back from Friday’s downturn. The NSI rose 0.79% to close at 1,495.03 points, in contrast with a 1.12% decrease on Friday at 1,483.28 points.
The total volume traded advanced by 411.58% to close at 1.28m units valued at N276.65m, traded in 18 deal(s).
At the close of trading, the NASD OTC market recorded two (2) gainers and zero (0) loser.
1.3 Global Indices
Today, the global stock indices under our coverage showed mixed sentiment. Mexico’s IPC index led the gainers chart, indicating strong performance in the Mexican stock market. On the other hand, Taiwan’s Weighted Index led the losers’ chart, reflecting a downturn in the Taiwanese stock market. 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.
- 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.
- COMMODITIES MARKET
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, Sesame increased by 15.00% to close at 2,300.00, while Maize fell by 2.70% to close at 680.00. 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 decreased by 0.25% and 1.16%. Brent and WTI grew by 0.15% and 0.78% in the energy market. Click here to access more data on Global commodity prices.
- CURRENCY/ FX MARKET
The NAFEX rate depreciated 0.85% from N1,565.22/USD to N1,578.71/USD, while the BDC rate appreciated by 0.32% from N1,570/USD to N1,565/USD.
