NGX Equities Closed First Trading in August on a Positive Note, With the NGXASI Up 1.00%; BDC Rate Appreciates to N1,540/US$1
Snapshot
The Nigerian equities market kicked off the month of August on a positive note, building on the month-long gains recorded in July. Friday’s uptick was driven by sustained buying interests in UACN (+9.96%), BUACEMENT (+9.63%), BETAGLAS (+9.22%), WEMABANK (+8.64%), CUSTODIAN (+8.33%), NEM (+5.83%), BUAFOODS (+5.32%), VITAFOAM (+5.13%), FIRSTHOLDCO (+3.57%), UNILEVER (+2.76%), MTNN (+1.69%), FIDELITYBK (+0.71%), BERGER (+0.44%), ACCESSCORP (+0.36%), NAHCO (+0.20%), and 17 others. As such, investors gained N948.11bn, as market capitalisation rose to N89.37trn, while the year-to-date (YTD) return increased to 37.25%.
The market sentiment closed bearish, with 35 losers compared to 32 gainers, as UACN led the gainers’ list and traded above its 52-week high at N88.30, while CHAMPION, OANDO and DANGSUGAR led the losers’ list. BUACEMENT, BETAGLAS, WEMABANK, CUSTODIAN and NEM traded above their 52-week highs at N148.00, N408.50, N23.90, N39.00 and N25.40, respectively.
The total traded volume declined by 2.72% to close at 1.08bn, valued at N26.85bn in 34,488 deals. FCMB closed with the highest volume, with N277.21m units traded, while ARADEL closed with the highest value, amounting to N3.27bn.
The memorandum Proshare price-weighted index gained 2.05% from 788.67 points to 804.86 points, while the float-adjusted index increased 0.35% to close at 617.77 points, up from 615.60 points in the previous session.
Volume and Value Contribution
FCMB was the most traded equity in terms of volume, contributing 25.69% of the total volume traded, while FIDELITYBK and STERLINGNG followed with 7.93% and 5.41% of daily traded volume.
ARADEL saw the highest traded value, with a 12.18% share of the total value contribution, while ZENITHBANK and FCMB 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
- Airtel Africa Plc Update On Airtel Money Shareholder Put Options – NGX
- united capital plc press release – NGX
- Aiico Insurance Plc Resolution From Q2 Board Meeting – NGX
- Oando Plc Press Release – NGX
- Resolutions Passed At The 26th AGM Of Fidson Healthcare Plc – NGX
- Caverton Offshore Support Group Plc Press Release – NGX
For more Analysis of the Unlisted Equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
Similarly, the NASD Securities Index (NSI) closed bullish 0.33% at 3,701.67, from 3,689.43 points on Thursday.
The total volume traded was 494,568, valued at N43.28m across 27 deals.
At the close of trading, the NASD OTC recorded three (3) gainers and two (2) losers.
1.3 Global Indices
The global indices performed negatively on Friday, with USA’s Dow Jones leading 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 publishing this report.
2.2 Overnight and Open Repo (OPR)
The Overnight and Open Repo rates were unavailable while preparing the report.
3.1 AFEX Indices
On Friday, the AFEX ACI was down 0.03% to close at N59.23, while AEI closed flat at N76.23. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
At the AFEX Commodity Market on Friday, maize decreased by 0.05% to close at N451.81. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
Eko Gold and Premium Eko Rice at the Lagos Commodities and Futures Exchange (LCFE) prices remained unchanged on Friday, closing at N134,000.00 per gram and N90,000.00 per 50kg, respectively.
3.4 Global Commodity Prices
At the global commodity market, Gold and Silver rose 1.68% and 1.01% to close at US$3,353.36 and US$37.04, respectively. Brent and WTI crude futures decreased 2.29% and 2.32% to close at US$70.06 and US$67.65, as of 2:25 PM GMT on Friday, on a possible increase in production by OPEC and its allies.
Average BDC rates appreciated 0.32% from N1,545/USD to N1,540/USD, while the NAFEM rate closed at N1,533.55/USD on Thursday. For updates on the Nigerian FX Market, kindly click here.
For feedback and further information, kindly contact research@proshare.co
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