NGX Equities Closed Bearish on Wednesday, with NGXASI Down 0.10% and NSI Down 0.01%; BDC Rate Appreciated to N1,615/US$1
Snapshot
On Wednesday, the equities segment of the NGX closed in a bearish trend, erasing the previous session’s gains, with the All-Share Index down by 10 basis points to close at 109,619.10 points, down from 109,730.47 points on Tuesday, as the year-to-date return fell to 6.50%.
As such, investors lost N69.99bn with market capitalisation down to N68.90trn on selloffs in OANDO (-4.76%), ACCESSCORP (-4.17%), UNILEVER (-2.02%), UBA (-1.74%), FIRSTHOLDCO (-1.21%), LAFARGE (-0.94%), ZENITHBANK (-0.21%), and 20 others.
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Market sentiment closed flat, with 27 gainers against 27 losers. RTBRISCOE led the gainers’ chart, while CHAMPION and LASACO topped the losers’ chart. Meanwhile, MEYER and NESTLE traded above their 52-week highs at N9.80 and N1591.00, respectively.
The total volume traded rose by 33.62% to close at 664.16, valued at N13.00bn and transacted in 19,439 deals. JAPAULGOLD closed with the highest volume, with 90.02m units traded, while NB closed with the highest value, amounting to N3.13bn.
The memorandum Proshare price-weighted index fell 0.20% from 655.56 points to 654.26 points, while the Proshare float-adjusted index fell 0.67% to close at 467.59 points from 470.74 points.
Volume and Value Contribution
JAPAULGOLD was the most traded in volume, with a 13.55% share, while TANTALIZER and FIDELITYBK followed closely with 12.46% and 10.19%, respectively.
NB contributed the most in value traded, with a 24.10% share, while FIDELITYBK and ZENITHBANK 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
- Sunu Assurances Nigeria Plc Publication Of The List Of Unclaimed Dividends – NGX
- Sunu Assurances Nigeria Plc Notices Of Annual General Meeting – NGX
- United Bank For Africa Plc Directors Dealings – NGX
- UH Real Estate Investment Trust Corporate Actions For 2024 FY Distribution – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
Similarly, the NASD Securities Index (NSI) closed marginally down 0.01%, at 3,154.16 points from the 3,154.56 points recorded on Tuesday.
The total volume traded was 398,093 units, valued at N4.11m, across 19 deals.
At the close of trading, the NASD OTC recorded one (1) gainer and three (3) losers.
1.3 Global Indices
The global indices performed positively on Wednesday, with Taiwan’s Taiwan Weighted 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 this report was finalised. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
The AFEX Commodity Market remained unchanged on Wednesday. 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) remained unchanged on Wednesday, closing at N109,000.00 per gram and N90,000.00 per 50kg.
3.4 Global Commodity Prices
The global commodity market was bullish as of 2:30 PM GMT on Wednesday. Gold and Silver increased 0.71% and 0.70% to close at US$3,305.76 and $33.24, respectively. Brent and WTI crude futures were up 0.46% and 0.56% to close at $65.68 and $62.38 after reports that Israel could be preparing to strike Iranian nuclear facilities raised fears of a supply disruption in the Middle East.
Average BDC rates appreciated 0.31% from N1,620/USD to N1,615/USD, while the NAFEM rate closed at N1,590.46/USD on Tuesday. For updates on the Nigerian FX Market, kindly click here.
