Market Bounced Back with NGXASI Up 0.50% on Thursday, Giving Investors N306bn Gains; BDC Rate Appreciated to ₦1,740/USD
Real estate market trends
Nov 28, 2024 • by Proshare Research • Source: Proshare • 
268 views
Snapshot
1. EQUITIES MARKET
Real estate market trends
The Nigerian stock market bounced back on Thursday, recouping the loss recorded on Wednesday due to renewed investors interest in VITAFOAM (+9.81%), ARADEL (+9.23%), OANDO (+5.40%), UACN (+3.41%), DANGSUGAR (+2.34%), FBNH (+2.20%), WAPCO (+1.72%), UBA (+1.56%), ZENITH (+1.15%), ACCESSCORP (+0.43%), and 18 others. As such, the All-Share Index (ASI) and Market Capitalization surged 0.50%, with the NGXASI closing at 97,783.81 points from 97,296.57 points on Wednesday.
Investors gained N305.85bn as market capitalisation rose to N59.28trn, while the year-to-date stood at 30.77%.
The market breadth closed flat, with 28 gainers against 28 losers and 64 unchanged equities. VITAFOAM topped the gainers’ list, while PRESTIGE topped the losers’ list.
The total volume traded decreased by 23.07% to close at 632.74m, valued at N10.81bn and traded in 8,404 deals. FBNH was the most traded stock by volume and value, with 166.76m units traded, worth N4.18bn.
The Gote and Toni indices were up 0.11% and 0.25% to close at 252.76 points and 1,665.26 points, respectively, while the Samad index closed flat at 321.88 points.
Real estate market trends
Volume and Value Contribution
FBNH was the most traded in volume, contributing 26.36%, while HMCALL and GUINEAINS followed closely with 18.85% and 6.53%, respectively.
FBNH contributed the most in value traded, with a 38.71% share, while OANDO and WAPCO followed closely.
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
- FCMB Group Plc Notices of Extra Ordinary General Meeting – NGX
- United Capital Directors Dealings – NGX
- Fidelity Bank Plc Directors Dealings – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index (NSI) closed bullish on Thursday, up 0.67% to close at 3,026.60 points, recouping part of the loss of 0.88% recorded on Wednesday.
The total volume traded surged by 191.86% to close at 2.95m units valued at N7.91m, traded in 12 deal(s).
At the close of trading, the NASD OTC market recorded three (3) gainers and two (2) losers.
1.3 Global Indices
The global indices showed a mixed performance today, with Argentina’s MerVal at the top of the positive chart and Brazil’s Bovespa at the top of the negative 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 was up 0.31% to close at N81.25, while AEI was down 1.66% to close at N77.22. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
At Thursday’s close of the AFEX Commodity market, Cocoa and Maize increased by 2.00% and 0.62% to close at N11,934.42 and N666.43, while Sorgum fell 0.33% to close at N600.00. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
Eko Gold and Premium Eko Rice prices at the Lagos Commodities and Futures Exchange (LCFE) closed flat today at N88,900.00 per gram and N90,000.00 per 50kg.
3.4 Global Commodity Prices
The global commodity market was bullish as of 2:15 PM GMT on Thursday. Gold and Silver were up 0.26% and 0.50%, respectively. Brent and WTI crude futures also increased 1.26% and 0.42% on Thursday after Israel and Lebanese armed group Hezbollah traded accusations their ceasefire had been violated and Israeli tanks fired on south Lebanon. Click here to access more data on Global commodity prices.
The NAFEX rate depreciated slightly by 0.01% from N1,689.53/USD to N1,689.66/USD, while the average BDC rate appreciated 0.17% from N1,743/USD to N1,740/USD. For updates on the Nigerian FX Market, kindly click here.
For feedback and further information, kindly contact research@proshare.co
Subscribe to our market intelligence notes for updates. Thank you
