Investors Lost N2.18bn as NGXASI Declined by 0.004%; BDC Rate Depreciated to N1,528/USD
1. EQUITIES MARKET
1.1 NGX – Listed Equities
The Nigerian equities market closed Wednesday slightly lower, registering five consecutive sessions of losses on selloffs in UCAP (-1.41%), UBA (-1.30%), ZENITHBANK (-1.20%), GTCO (-0.88%), Oando (-2.02%), ACCESSCORP (-0.5%), and 16 others.
As such, the All-Share Index (NGXASI) fell marginally by 0.004% (0.4 basis points) to close at 99,802.08 points, following a 0.20% drop on Tuesday that pull the index below the 100,000 mark to 99,805.95 points. Consequently, investors sustained a loss of N2.18bn with market capitalization at N56.46trn and year-to-date return at 33.47%.
The total volume traded advanced by 121.24% to close at 935.15m, valued at N11.84bn and traded in 8,160 deals. FIDELITYBK was the most traded stock by volume and value, with N698.21m units traded worth 7.27bn.
The Gote index maintained its wining streak, up by 0.12% to close at 343.81 points, the Toni index declined by 0.01% to 1,284.48 points, while the Samad index remained flat at 364.34 points.
As measured by the market breadth index (MBI), investors’ sentiment closed positively at 0.06x with 26 gainers against 22 losers, while 69 equities were unchanged. ABCTRANS topped the gainers’ list, while THOMASWY topped the losers’ list.
Volume and Value Contribution
FIDELITYBK was the most traded in volume, contributing 74.66%, while ZENITHBANK and UBA followed behind.
The value chart shows that FIDELITYBK contributed the most, with a 61.41% share. ZENITHBANK and GTCO followed closely behind.
NGX Earnings Summary
Tourist Company Of Nigeria Plc.- Quarter 1 – Financial Statement For 2024 – NGX
For an analysis of the NGX-listed equities, click here.
NGX Corporate News
Airtel Africa Plc-Notification Of Transaction In Own Shares – NGX
Tourist Company Of Nigeria Plc.-Tcn AGM Notice 2024 – NGX
Julius Berger Nigeria Plc Directors Dealings – 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 1.70% to close at 1,507.57 points, following a 0.18% decrease on Tuesday, which closed at 1,533.68.
The total volume traded advanced by 167.95% to close at N98,067 units valued at N150.59m, traded in 33 deal(s).
At the close of trading, the NASD OTC market recorded two (2) gainers and two (2) losers.
1.3 Global Indices
The global stock indices performed positively today, with Mexico’s IPC and 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. COMMODITIES MARKET
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. Soybeans increased by 0.61% to close at 830.00, while Maize fell by 3.43% to close at 827.99. Click here to access more data on AFEX commodity prices.
3.3 LCFE C ommodity Price(s)
Eko Gold price at the Lagos Commodities and Futures Exchange (LCFE) increased by 0.34% to close at N87,850.00 per gram.
3.4 Global Commodity Prices
At 2:15 PM GMT, Gold and Silver advanced by 0.87% and 1.07%. Brent and WTI fell by 0.34% and 0.26% in the energy market. Click here to access more data on Global commodity prices.
4. CURRENCY/ FX MARKET
The NAFEX rate depreciated by 0.83% from N1,521.76/USD to N1,534.51/USD, while the BDC rate also depreciated by 0.26% from N1,524/USD to N1,528/USD
