Investors Lose N622bn as NGXASI Declines by 2.08%; Overnight Rate Contracts to 17.13%; BDC Rate Closes Flat at N745
Nigerian Equities Market closed negative as the key market indicator declined by 31.55 bps amid negative market breadth.
The NGX All-Share Index declined by 2.08% to close at 53750.77 basis points as against 0.06% loss recorded previously to close at 54,892.53 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N622bn loss.
YTD, the NGXASI Stands at +4.88%
The total volume traded declined by 26.66% to close at N100.88m, valued at N4.34bn and traded in 3279 deals. GTCO was the most traded stock by volume with 21.84m units traded while MTNN was the most traded stock by value which is put at N1.92b.
Sectoral performance was broadly negative as no NGX sector index closed northward, fifteen (15) sectors index closed southward and three (3) closed flat. No NGX index advanced while the NGX MAIN BOARD Index declined by 3.04% to top the losers’ chart.
The Gote index stayed flat to close at 150.52 basis points while the Toni index declined by 0.25% to close at 118.46 basis points.
At the close of trading, the market recorded 5 gainers to 21 losers and 78 unchanged. COURTVILLE topped the list of gainers while NCR topped the list of losers.
Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at -0.21x.
Volume and Value Contribution
GTCO led the volume’s chart with 12.72% contribution and closely followed by ZENITHBANK and UBA
MTNN tops the value’s chart with 44.37% contribution and followed by SEPLAT and AIRTELAFRI
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 advanced by 0.07% to close at 730.37 basis points as against the loss of 0.22% recorded previously to close at 729.87 basis points.
The total volume traded declined by 75.57% to close at 415,330 units valued at N26.6m and traded in 11 deal(s).
At the close of trading, NASD OTC market recorded two (2) gainer(s) to zero (0) 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 1.99% gain while the Nigeria all Share Index tops the losers with 2.08% loss as of 4pm Nigerian Time
1.4 African Indices
Similarly, on the African scene, the Egypt 30 Capped Index tops the top five gainers with 2.64% gain while Nigeria All Share Index tops the top five losers with 2.08% loss as of 4pm Nigerian Time
2. BONDS AND FIXED INCOME MARKETS
2.1 Debt Market Size
The Debt Market Size was not available as at the time of filing the report.
2.2 Overnight and Open Repo (OPR)
The Overnight lending rate declined by 0.09% to close at 17.13 and the Open Repo (OPR) declined by 0.03% to close at 17.63.
3.1 AFEX Indices
The Afex ACI and Afex AEI were not available as at the time of filing the report
3.2 AFEX Commodity Prices
Cashew advanced by 3.24% while Sorghum declined by 5.94% to close at 599.3.
3.3 Global Commodity Prices
Gold declined by 1.27% while Silver declined by 0.99% as of 10: 51 NY time.
In the energy market, Brent advanced by 2.24% and WTI also advaned by 2.05% as of 10: 50 AM Central Daylight Time (CDT)
The naira at the I&E FX Window closed flat at N461.67/USD while the NAFEX rate advanced by 0.03% to close at N461.3/USD
