Finance & EconomyNews

Investors Lose N13.99bn as NGXASI Dips by 0.05%; Debt Market Size Advances by 0.03% to Close at N29.09trn; IEFX Rate Depreciates to N429.34

Equities

Nigerian Equities Market maintained negative market sentiment to open the week on a negative note as key market indicator plunged further by 25.95bps.

The NGX All-Share Index dipped by 0.05% to close at 49,344.67 basis points as against 0.35% loss recorded to close at 49,370.62 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N13.99bn loss.

YTD, the NGXASI Stands at +15.52% 

The total volume traded declined by -7.18% to close at 122.74m, valued at N1.30bn and traded in 3,915 deals. MBENEFIT was the most traded stock by volume with 18.43m units traded while MTNN was the most traded stock by value which is put at N206.42m. 

Sectoral performance was broadly negative as five (5) NGX sector index closed northward, nine (9) closed southward while three (3) closed flat. The NGX AFRHDYI Index inched up by 0.17% to top the gainers chart while the NGX Banking Index dipped by 0.69% to top the losers’ chart.

Gote index inched up by 0.07% to close at 135.21 basis points while Toni index declined by 0.41% to close at 106.09 basis points.

At the close of trading, market recorded 9 gainers to 19 losers and 67 unchanged. COURTVILLE topped the list of gainers while FTNCOCOA topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.15x.

Volume and Value Contribution

MBENEFIT led the volume’s chart with 15.01% contribution and closely followed by TRANSCORP and GTCO

MTNN tops the value’s chart with 15.86% contribution and closely followed by GTCO and ZENITHBANK

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 index dipped by 0.13% to close at 753.06 basis points as against flat position at 754.04 basis points 

The total volume traded advanced by +1602.66% to close at 0.979m units valued at N150.38m and traded in 13 deals. 

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

Volume and Value Contribution

SDVFDGROUP led the volume chart with 66.39% contribution while SDVFDGROUP led the value chart with 95.27% contribution 

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 1.25 gain while the Germany DAX Index tops the top five losers with -2.82% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX 30 Index tops the top five gainers with 1.51% gain while the Namibia NSX Index tops the top five losers with -2.73% loss as of 4pm Nigerian Time

2. BONDS AND FIXED INCOME MARKETS

2.1 Debt Market Size

The FMDQ Debt Market Size advanced by 0.03% to close at N29.09trn as against previous figure of N29.08trn 

2.2 Overnight and Open Repo (OPR)

The overnight lending rate closed flat at 15.00% while the Open Repo (OPR) rate also expanded by 0.17% to close at 14.50%

3. COMMODITIES MARKET

3.1 AFEX Indices

The AFEX ACI and the AFEX AEI were not available as of the time of finalising this report.

3.2 AFEX Commodity Prices

Maize advanced by 7.38% to top the gainers chart while Paddy Rice declined by 4.18% to top the losers’ list.

3.3 Global Commodity Prices

Gold recorded 0.67% loss while Silver also declined by 0.21% as of 13:00 NY time

In the energy market, Brent advanced by 0.21% while WTI declined by -0.02% as of 12:00 PM Central Daylight Time (CDT)

4. CURRENCY/ FX MARKET

The naira depreciated by 0.09% at the I&E FX Window to close at N429.43/USD while the NAFEX rate depreciated by 0.11% to close at N428.36

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