Investors Gained N262.82bn as NGXASI Advanced by 0.47%; BDC Rate Depreciated to N1,615/USD
1. EQUITIES MARKET
The bulls resurfaced in the Nigerian equities market on Thursday, following Wednesday’s loss, on appreciation in prices of UCAP (+9.92%), OANDO (+9.76%), AIRTELAFRI (+4.76%), ETERNA (+4.65%), NAHCO (+2.97%), NASCON (+2.91%), FLOURMILL (+2.51%), ACCESSCORP (+0.26%), and 16 others.
As such, the All-Share Index (NGXASI) was up 0.47% to close at 100,503.21 points, rebounding from a loss of 0.04% on Wednesday when the index closed at 100,032.32 points. Investors gained N262.82bn as market capitalisation increased to N56.91trn while the year-to-date return stood at 34.41%.
The Market Breadth Index (MBI), which measures investors’ sentiment, closed negatively at -0.08x, with 24 gainers against 29 losers, while 66 equities were unchanged. UCAP topped the gainers’ list, while LINKASSURE topped the losers’ list.
The total volume traded declined by 64.27% to close at 392.80m, valued at N8.33bn and traded in 9,013 deals. GTCO was the most traded stock by volume with N39.75m units traded, while AIRTELAFRI was the most traded stock by value, worth N2.25bn
The Gote and Toni indices advanced by 0.02% and 0.05% to close at 343.55 and 1,303.74 points, while the Samad index remained flat at 364.34 points.
Volume and Value Contribution
GTCO was the most traded in volume, contributing 10.12%, while VERITASKAP and FCMB followed closely.
The value chart shows that AIRTELAFRI contributed the most, with a 26.94% share. GTCO and UBA followed closely.
NGX Earnings Summary
- Secure Electronic Technology Plc Q1 Financial Statement For 2024 – NGX
- Newgold Exchange Traded Fund Q2 2024 Unaudited Financial Statements – NGX
For more analysis of the NGX-listed equities, click here.
NGX Corporate News
- United Capital Plc-Proposed Interim Dividend And Bonus 2024 – NGX
- Airtel Africa Plc Notification Of Transaction In Own Shares – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index managed to eke out a gain on Thursday, as the NASD benchmark Index increased by 0.001% to close at 1,500.03 points, following a 1.48% decrease on Wednesday at 1,500.01 points.
The total volume traded declined by 33.85% to close at N479,556 units valued at N377.95m, traded in 28 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 positively today, with Mexico’s IPC 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 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; Sorghum increased by 1.22% to close at 819.85, while Paddy rice fell by 0.06% 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 increased by 0.08% and 0.07%. Brent fell by 0.58%, while WTI grew by 1.25% in the energy market. Click here to access more data on Global commodity prices.
The NAFEX rate depreciated 1.54% from N1,558.87/USD to N1,583.26/USD, while the BDC rate also depreciated by 2.48% from N1,575/USD to N1,615/USD.
