Investors Lost N113.49bn as NGXASI Declined by 0.20%; BDC Rate Depreciated to N1,524/USD
1. EQUITIES MARKET
Trading on the Nigerian Exchange Limited (NGX) closed Tuesday negatively, extending the previous day’s loss on depreciation in prices of Tier 1 banks like GTCO (-4.21%), ETI (-3.86%), UBA (-2.74%), FBNH (-1.75%), ZENITHBANK (-0.40%) and 19 others companies.
The All-Share Index (NGXASI) was down 0.20% to close at 99,805.95 points, stretching Monday’s loss of 0.02% at 100,006.79 points. As such, investors lost N113.49bn as market capitalisation fell to N56.46trn, while the year-to-date return stood at 33.48%.
The total volume traded declined by 38.74% to close at 422.69m, valued at N53.96bn and traded in 8,256 deals. VERITASKAP was the most traded stock by volume, with N36.30m units traded, while GTCO was the most traded stock by value, worth N1.08bn.
The Gote index advanced by 0.05% to close at 343.40 points on close to 2% gain in DANGSUGAR, the Toni index declined by 0.55% to 1,284.60 points, while the Samad index remained flat at 364.34 points.
As measured by the market breadth index (MBI), investors’ sentiment closed negatively at 0.07x with 24 losers against 28 gainers, while 59 equities were unchanged. CHAMPION topped the gainers’ list, while AFRIPRUD topped the losers’ list.
Volume and Value Contribution
VERITASKAP was the most traded in volume, contributing 8.59%, while FIDELITYBK and AIICO followed behind.
The value chart shows that GTCO contributed the most, with a 2.01% share. ZENITHBANK and GEREGU followed closely behind.
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
- Champion Brew. Plc.- Notice Of Board Meeting (BM) – NGX
- Chams Holding Company Plc-2023 Chams Holdco Agm Resolutions – NGX
- Cadbury Nigeria Plc.-Closed Period Q2 2024 – NGX
- Prestige Assurance Plc Corporate Action – NGX
- Airtel Africa Plc-Notification Of Transaction In Own Shares – NGX
For an Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index extended its loss by 0.18% to close at 1,533.68 points, following a 0.30% decrease on Monday, which closed at 1,536.48.
The total volume traded declined by 99.28% to close at N36,599 units valued at N49.98m, traded in 21 deal(s).
At the close of trading, the NASD OTC market recorded one (1) gainer and one (1) loser.
1.3 Global Indices
The global stock indices performed positively today, with Japan’s Nikkei 225 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 finalizing 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. Maize increased by 6.72% to close at 857.41, while Paddy rice fell by 5.41% 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) remained flat at N87,550.00 per gram.
3.4 Global Commodity Prices
At 2:15 PM GMT, Gold and Silver advanced by 0.25% and 0.52%. Brent and WTI fell by 0.71% and 0.68% in the energy market. Click here to access more data on Global commodity prices.
The NAFEX rate depreciated by 0.002% from N1,521.73/USD to N1,521.76/USD, while the BDC rate also depreciated by 0.26% from N1,520/USD to N1,524/USD
