Finance & EconomyNews

Investors Lose N124.91bn as NGXASI Dips Further by 0.47%; Overnight Rate Expands by 1.50% to Close at 14.67%; BDC Rate Depreciates to N713

1. EQUITIES MARKET 

Nigerian Equities Market maintained negative posture as the key market indicator dipped further by 231.57bps amid increased sell pressure.

The NGX All-Share Index declined by 0.47% to close at 49,190.34 basis points as against 0.05% loss recorded previously to close at 49,421.91 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N124.91bn loss.

YTD, the NGXASI Stands at +15.16% 

The total volume traded advanced by +144.51% to close at 51.88m, valued at N590.01m and traded in 2,981 deals. NGXGROUP was the most traded stock by volume with 30.75m units traded while NGXGROUP was also the most traded stock by value which is put at N553.54m. 

Sectoral performance was broadly negative as four (4) NGX sector index closed northward, eleven (11) closed southward while three (3) closed flat. The NGX Banking Index inched up by 0.42% to top the gainers chart while the NGX Industrial Index dipped by 2.30% to top the losers’ chart.

Gote index closed flat at 128.26 basis points while Toni index also closed at 107.90 basis points.

At the close of trading, market recorded 9 gainers to 14 losers and 70 unchanged. TRANSEXPR topped the list of gainers while CORNERST topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.07x.

Volume and Value Contribution

NGXGROUP led the volume’s chart with 24.25% contribution and closely followed by ZENITHBANK and FIDELITYBK

NGXGROUP tops the value’s chart with 31.07% contribution and closely followed by ZENITHBANK and MTNN

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

No Corporate News was released on the NGX Exchange today

1.2 NASD OTC Exchange – Unlisted Equities

The NASD market dipped by 1.61% to close at 723.61 basis points as against 0.54% loss recorded to close at 735.48 basis points 

The total volume traded declined by -60.90% to close at 0.063m units valued at N8.39m and traded in 7 deals. 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to one (1) loser(s)

NASD Earnings Summary

No Financial statement was released on the NASD OTC Exchange today.

NASD Corporate News

No Corporate News was released on the NASD OTC Exchange today.

1.3 Global Indices

On the global scene, the Russia MICEX Index leads the top five gainers with 2.13% gain while USA NASDAQ Index tops the top five losers with -3.57% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Zimbabwe Index tops the top five gainers with 3.80% gain while the Mauritius SEM10 Index tops the top five losers with 0.66% loss as of 4pm Nigerian Time

2. BONDS AND FIXED INCOME MARKETS

2.1 Debt Market Size

The FMDQ Debt Market Size was not available as of the time of finalising this report

2.2 Overnight and Open Repo (OPR)

The overnight lending rate expanded by 1.50% to close at 14.67% while the Open Repo (OPR) rate also expanded by 1.50% to close at 14.17%

3. COMMODITIES MARKET

3.1 AFEX Indices

The AFEX ACI and AFEX AEI both closed flat

3.2 AFEX Commodity Prices

Sorghum advanced by 1.66% to top the gainers’ chart while Soybeans declined by 3.78% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.34% gain while Silver also advanced by 0.36% as of 11:54 NY time

In the energy market, Brent declined by 0.67% while WTI also declined by 0.81% as of 10:57 AM Central Daylight Time (CDT)

4. CURRENCY/ FX MARKET

The naira closed flat at the I&E FX Window at N436.50/USD while the NAFEX rate also depreciated by 0.01% to close at N435.58

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