1. EQUITIES MARKET
1.1 NGX – Listed Equities
The domestic equities market reversed the gain posted in the previous session. The NGXASI fell 25 basis points, closing at 105,955.13 points from 106,220.62 points recorded on Thursday. As such, Investors lost N166.43bn, with market capitalisation closing at N66.35trn, while the year-to-date return dropped to 2.94%.
The market downtrend was driven by profit taking in DANGSUGAR (-7.76%), UNILEVER (-5.75%), CUSTODIAN (-2.73%), OANDO (-1.89%), STANBIC (-1.67%), UCAP (-1.30%), ACCESSCORP (-1.06%), ZENITH (-0.42%), UBA (-0.41%), LAFARGE (-0.27%), NASCON (-0.24%), and 13 others.
The market breadth closed negatively at -0.04x, with 24 decliners against 21 gainers and 76 unchanged equities. ROYALEX led the gainers’ list, while TANTALIZER topped the losers’ chart. Meanwhile, ENAMELWA traded above its 52-week high at N25.30.
The total volume traded advanced by 119.65% to close at 341.71m, valued at N11.06bn, and traded in 10,584 deals. CHAMPION was the most traded stock by volume, with 350.37m units traded, while ARADEL was the most traded stock by value, worth 1.82bn.
Volume and Value Contribution
CHAMPION was the most traded in volume, with a 46.68% share, while TANTALIZER and CUSTODIAN followed closely with 7.07% and 6.81%, respectively.
ARADEL contributed the most in value traded, with a 16.50% share, while CHAMPION and MTNN 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
1.2 NASD OTC Exchange – Unlisted Equities
The NASD Securities Index (NSI) closed bearish, down 0.60% to close Friday at 3,363.74 points from 3,384.18 points recorded on Thursday.
The total volume traded was 652,237 units, valued at N33.19m, in 37 deal(s).
At the close of trading, the NASD OTC market recorded three (3) gainers and three (3) losers.
1.3 Global Indices
The global indices closed positively on Friday, with Brazil’s Bovespa at the top of the chart.
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 were unavailable when finalising this report.
3. COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI was down 3.90% to close at N64.79, while AEI closed flat at at N85.65. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
At Friday’s close, the AFEX Commodity Market saw soybeans and cashews increase 6.60% and 1.65% to close at N831.57 and N1,850.00, while maize decreased 8.43% to close at N464.02. 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 on Friday at N88,900.00 per gram and N90,000.00 per 50kg.
3.4 Global Commodity Prices
The global commodity market was largely bullish as of 2:20 PM GMT on Friday. Gold and Silver increased 0.38% and 0.12% to close at US$2,991.05 and $33.73. Brent and WTI crude futures were up 0.40% and 0.36% to close at $70.16 and $66.79, respectively as investors mull path to Ukraine ceasefire.
4. CURRENCY/ FX MARKET
The average BDC rate closed flat at N1,585/USD, while the NFEM rate closed at N1,547.82/USD on Thursday. For updates on the Nigerian FX Market, kindly click here.