Investors Lost N68.49bn as NGXASI Declined by 0.12%; BDC Rate Appreciated to N1,583/USD
1. EQUITIES MARKET
Bearish sentiments prevailed again on the Nigerian bourse at the close of Wednesday’s trading, extending the losses observed on Tuesday as profit-taking continued in UBA (-5.07%), UCAP (-4.27%), DANGSUGAR (-3.70%), NASCON (-1.84%), FBNH (-1.60%), ACCESSCORP (-1.03%), UNILEVER (-0.55%), CAP (-0.14%), GTCO (-0.11%), and 12 others.
Consequently, the All-Share Index (NGXASI) fell 0.12% to close at 100,365.17 points, following a 0.08% loss registered on Tuesday at 100,486.12 points. Investors lost N68.49bn as market capitalisation decreased to N56.83trn, while the year-to-date return stood at 34.23%.
The Market Breadth Index (MBI), which measures investors’ sentiment, closed negatively at -0.05x, with 21 losers against 17 gainers, while 79 equities were unchanged. INTBREW topped the gainers’ list, while NSLTECH topped the losers’ list.
The total volume traded increased by 77.22% to close at 497.84m, valued at N8.61bn and traded in 8,412 deals. FCMB was the most traded stock by volume, with N133.92m units traded, while ZENITHBANK remained the most traded stock by value, worth N2.19bn.
The Gote and Toni indices declined by 0.17% and 1.01% to close at 342.80 and 1,283.99 points, respectively, while the Samad index closed flat at 364.34 points.
Volume and Value Contribution
FCMB was the most traded in volume, contributing 26.90%, while ACCESSCORP and ZENITHBANK followed closely.
The value chart shows that ZENITHBANK contributed the most, with a 25.42% share. ACCESSCORP and FCMB followed closely.
NGX Earnings Summary
- Abbey Mortgage Bank Plc Q2 2024 Financial Statement – NGX
- FCMB Group Plc Q2 2024 Financial Statement – NGX
For more analysis of the NGX-listed equities, click here.
NGX Corporate News
- Seplat Energy Plc Notice Of Half Year Financial Results – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
On Wednesday, the NASD Securities Index (NSI) closed on a bearish note, continuing the downtrend from Tuesday. The NSI dipped 2.41% to close at 1,455.95 points, furthering the 0.21% loss on Tuesday at 1,491.92 points.
The total volume traded declined by 56.72% to close at 55,003 units valued at N155.02m, traded in 40 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 indices performed negatively today, with Brazil’s Bovespa 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 finalising 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
At the AFEX Commodity Market today, Soybeans increased by 10.00% to close at 814.00, while Maize fell by 6.21% to close at 830.00. 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) closed flat today at N88,120.00 per gram.
3.4 Global Commodity Prices
At 2:15 PM GMT, Gold and Silver increased by 1.10% and 0.24%. Brent and WTI grew by 1.87% and 0.91% in the energy market. Click here to access more data on Global commodity prices.
The NAFEX rate depreciated 0.48% from N1,564.54/USD to N1,572.03/USD, while the BDC rate appreciated by 0.44% from N1,590/USD to N1,583/USD
