Investors Lost N92.73bn as NGXASI Declined by 0.17%; BDC Rate Appreciated to N1,596/USD
1. EQUITIES MARKET
The Nigerian stock market opened the week on a negative note, reversing the gains posted on Friday, driven primarily by sell-offs in MTNN (-5.95%), NGXGROUP (-3.11%), TRANSCORP (-1.79%), and 22 others.
The All-Share Index (ASI) dipped 0.17% to close at 97,582.41 points, from a 0.40% gain registered on Friday at 97,745.73 points. As such, Investors lost N92.73bn as market capitalisation fell N55.40trn, while the year-to-date return stood at 30.50%.
The Market Breadth Index (MBI), which measures investors’ sentiment, closed negatively at -0.03x, with 25 losers against 23 gainers, while 72 equities were unchanged. INTBREW topped the gainers’ list, while CHAMS topped the losers’ list.
The total volume traded advanced by 53.63% to close at 324.02m, valued at N6.22bn, and traded in 9,738 deals. ZENITHBANK was the most traded stock by volume and value, with N36.99m units traded, worth N1.33bn.
The Gote and Toni Indices advanced by 0.23% and 0.16% to close at 308.73 points and points 1,226.64 points, respectively, while the Samad index closed flat at 364.34 points.
Volume and Value Contribution
ZENITHBANK was the most traded in volume, contributing 11.42%, while UBA and VERITASKAP followed closely.
The value chart shows that ZENITHBANK contributed the most, with a 21.41% share. MTNN and UBA followed closely.
NGX Earnings Summary
- Briclinks Africa Plc Q2 2024 Financial Statement – NGX
For more analysis of the NGX-listed equities, click here.
NGX Corporate News
- MTN Nigeria Communications Plc Momo Payment Service Bank Limited’s Minority Shareholder Buyout – NGX
- Tourist Company Of Nigeria Plc Resolution Passed At The 2024 AGM – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index (NSI) got off to a rough start for the trading week. After two sessions of gains, the benchmark NSI took a sharp turn, dropping 2.08% to close at 1,439.58 points, from Friday’s gain of 4.26% to close at 1,470.23.
The total volume traded surged by 154.57% to close at N262,401 units valued at N1.01bn, traded in 32 deal(s).
At the close of trading, the NASD OTC market recorded zero (0) gainers and two (2) losers.
1.3 Global Indices
The global indices performed negatively today, with Japan’s Nikkei 225, Taiwan’s Taiwan Weighted and 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
The prices at the AFEX Commodity Market were mostly unchanged today. Maise increased by 3.90% to close at N861.66, followed by Soybeans, which advanced by 1.12% to close at N900.00. 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 N88,500.00 per gram.
3.4 Global Commodity Prices
At 2:15 PM GMT, Gold and Silver decreased by 1.99% and 5.07%, respectively. In the energy market, Brent and WTI fell 0.81% and 0.88%, respectively. Click here to access more data on Global commodity prices.
The NAFEX rate appreciated 1.69% from N1,627.36/USD to N1,600.26/USD, while the BDC also appreciated 0.13% from N1,598/USD to N1,596/USD. For updates on the Nigerian FX Market, kindly click here
