Investors Gained N62.03bn as NGXASI Advanced by 0.11%; BDC Rate Depreciated to N1,565/USD
1. EQUITIES MARKET
On Tuesday, the Nigerian equities market closed on a bullish note, surpassing the 100,000-point mark for the first time since July 9th, driven by upticks in UCAP (+10.00%), ZENITHBANK (+2.56%), WAPCO (+1.39%), FBNH (+1.11%), UBA (+0.66%), ETI (+0.47%), ACCESSCORP (+0.26%), FLOURMILL (+0.11%), and 11 others.
As such, the All-Share Index (NGXASI) rose 0.11% to close at 100,075.59 points, consolidating Monday’s gain of 0.30% at 99,966.28 points. Investors gained N62.03bn as market capitalisation rose to N56.67trn while the year-to-date return stood at 33.84%.
The Market Breadth Index (MBI), which measures investors’ sentiment, closed positively at 0.05x, with 19 gainers against 15 losers while 87 equities were unchanged. UCAP topped the gainers’ list, while REDSTAREX topped the losers’ list.
The total volume traded advanced by 1.65% to close at 368.39m, valued at N7.42bn and traded in 8,151 deals. ZENITHBANK was the most traded stock by volume and value, with N57.42m units traded, worth N2.25bn
The Gote index declined 0.02% to close at 343.73 points, the Toni index advanced 0.35% to close at 1,288.63 points, while the Samad index remained flat at 364.34 points.
Volume and Value Contribution
ZENITHBANK was the most traded in volume, contributing 15.59%, while ACCESSCORP and GTCO followed closely.
The value chart shows that ZENITHBANK contributed the most, with a 30.25% share. GTCO and ACCESSCORP followed closely.
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
- Neimeth International Pharmaceuticals Plc- Notice of Board Meeting (BM) – NGX
- Axa Mansard Insurance Plc-Updated Corporate Action Dec 2023 – NGX
- Lasaco Assurance Plc.- Notice of Board Meeting (BM) – NGX
- Japaul Gold And Ventures Plc- Notice of Board Meeting (BM) – NGX
- Fidelity Bank Plc- Notice of Extra-Ordinary General Meeting (EGM) – NGX
- MTN Nigeria Communications Plc-2023 Sustainability Report – 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 continued its upward trend on Tuesday, building on the gains recorded on Monday. The NASD benchmark Index increased by 1.41% to close at 1,522.47 points, following a 0.60% uptick on Monday at 1,501.29 points.
The total volume traded advanced by 583.00% to close at N3.69m units valued at N295.33m, traded in 26 deal(s).
At the close of trading, the NASD OTC market recorded three (3) gainers and two (2) losers.
1.3 Global Indices
The global stock indices performed negatively 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 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; Cashew decreased by 9.69% to close at 1,201.20, followed by Maize, which fell by 5.41% to close at 813.01. 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 grew by 0.89% and 0.69%. Brent and WTI decreased by 1.27% and 1.40% in the energy market. Click here to access more data on Global commodity prices.
The NAFEX rate appreciated 0.76% from N1,569.62/USD to N1,557.75/USD, while the BDC rate depreciated by 0.45% from N1,558/USD to N1,565/USD
