Investors Gained N167.10bn as NGXASI Advanced by 0.30%; BDC Rate Depreciated to N1,558/USD
1. EQUITIES MARKET
The Nigerian stock market kick off the trading week on a positive note, extending Friday’s gain, driven by price appreciation in UCAP (+5.63%), ZENITHBANK (+5.26%), PRESCO (+3.79%), FBNH (+1.57%), MTNN (+1.50%), ACCESSCORP (+0.79%), UNILEVER (+0.58%), DANGSUGAR (+0.48%), UBA (+0.44%), NASCON (+0.29%), GTCO (+0.22%), and 18 others.
As such, the All-Share Index (NGXASI) rose 0.30% to close at 99,966.28 points, consolidating Friday’s gain of 0.20% at 99,671.28 points. Investors gained N167.10bn as market capitalisation rose to N56.61trn while the year-to-date return stood at 33.69%.
Market breadth index (MBI), which measures investors’ sentiment closed positively at 0.19x with 29 gainers against 15 losers, while 74 equities were unchanged. CUTIX topped the gainers’ list, while CHELLARAM topped the losers’ list.
The total volume traded declined by 13.89% to close at 362.43m, valued at N7.37bn and traded in 8,405 deals. GTCO was the most traded stock by volume and value, with N66.90m units traded, worth N3.06bn
The Gote and Toni indices advanced by 0.02% and 0.52% to close at 343.73 and 1,284.12 points, respectively, while the Samad index remained flat at 364.34 points.
Volume and Value Contribution
GTCO was the most traded in volume, contributing 18.46%, while ACCESSCORP and FCMB followed behind.
The value chart shows that GTCO contributed the most, with a 41.60% share. ACCESSCORP and ZENITHBANK followed closely behind.
NGX Earnings Summary
No Financial statement was released on the NGX website today. For an analysis of the NGX-listed equities, click here.
NGX Corporate News
- Cornerstone Insurance Plc-Press Release – NGX
- Omatek Ventures Plc- Notice of Board Meeting (BM)) – NGX
- Airtel Africa Plc-Notice of Three Month Results Ended 30 June 2024– NGX
- Airtel Africa Plc-Notification of Transaction In Own Shares – NGX
- Guaranty Trust Holding Company Plc-Gtco Public Offer – Statutory Advertisement – NGX
- Infinity Trust Mortgage Bank Plc-ITMB Plc – Press Release CEO Exit – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index started the week on a positive note, building on Friday’s gain. The NASD benchmark Index increased by 0.60% to close at 1,501.29 points, following a 0.03% uptick on Friday at 1,492.40 points.
The total volume traded advanced by 120.84% to close at N540,605 units valued at N82.09m, traded in 19 deal(s).
At the close of trading, the NASD OTC market recorded two (2) gainers and one (1) loser.
1.3 Global Indices
The global stock indices performed negatively today, with Japan’s Nikkei 225 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; Cocoa increased by 23.79% to close at 12,100.00, while Soybeans decreased by 15.00% to close at 714.00. 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 N87,850.00 per gram.
3.4 Global Commodity Prices
At 2:15 PM GMT, Gold and Silver declined by 0.31% and 0.10%. Brent and WTI grew by 0.39% and 0.51% in the energy market. Click here to access more data on Global commodity prices.
The NAFEX rate appreciated by 0.06% from N1,570.52/USD to N1,569.62/USD, while the BDC rate depreciated by 0.51% from N1,550/USD to N1,558/USD.
