NGX – Listed Equities
The Domestic bourse closed Wednesday’s trading bearish, extending the losses recorded in the previous session on sustained selloffs in ETI (-10.00%), CADBURY (-9.80%), DANGSUGAR (-5.77%), NASCON (-5.66%), UACN (-5.44%), GTCO (-3.54%), FIDELITYBK (-1.48%), NGXGROUP (-1.38%), and 16 others.
As such, the NGXASI shed 12 basis points to close at 105,800.85 points, down from 105,931.18 points on Tuesday as investors lost N81.29bn, with Market capitalisation dropping to N66.50trn, while the year-to-date return decreased to 2.79%. Investment advisory services
Nonetheless, market sentiment closed positively at 0.22x, with 38 gainers against 24 losers. UPL and VITAFOAM led the gainers’ chart, while ETI and INTBREW topped the losers’ chart. Meanwhile, VITAFOAM, WEMABANK, and ABCTRANS traded above their 52-week highs at N52.80, N15.10, and N2.06.
The total volume traded declined by 46.39% to close at 392.99m, valued at N12.76bn and traded in 17,519 deals. UBA was the most traded stock by volume, with 38.86m units traded, while MTNN remains the most traded stock by value, worth 3.61bn.
Volume and Value Contribution
UBA was the most traded in volume, with a 9.89% share, while WEMABANK and FIDELITYBK followed closely with 6.77% and 6.46%, respectively.
MTNN contributed the most in value traded, with a 28.28% share, while UBA and ZENITHBANK followed closely.
NASD OTC Exchange – Unlisted Equities
Similarly, the NASD Securities Index (NSI) closed negatively, dropping 0.05% at 3,281.07 points from the 3,282.71 points recorded on Tuesday. The total volume traded was 3.08m units, valued at N29.01m, across 45 deals.
At the close of trading, the NASD OTC recorded one (1) gainer and two (2) losers.
Global Indices
The global indices performed negatively on Wednesday, with Brazil’s Bovespa at the top of the chart.
African Indices
The prices in the African market are relatively favourable today.
COMMODITIES MARKET
AFEX Indices
The AFEX ACI and AEI were unavailable when this report was finalised. Data on AFEX Indices can be accessed here.
AFEX Commodity Prices
On Wednesday, the AFEX Commodity Market saw soybeans and cocoa increase 1.00%, and 0.03% to close at N1,031.45 and N12,032.21, respectively, while maize and paddy rice decreased 2.16% and 0.24% to close at N535.43 and N585.98, respectively. Click here to access more data on AFEX commodity prices.
Global Commodity Prices
The global commodity market was bearish as of 2:17 PM GMT on Wednesday. Gold and Silver decreased 0.49% and 2.10% to close at US$3,307.21 and $32.61.
Brent and WTI crude futures were down 0.05% and 1.66% to close at $63.25 and $59.42, respectively, as the global trade war eroded the outlook for fuel demand while concern over mounting supply also weighed.
CURRENCY/ FX MARKET
The average BDC rate appreciated 0.31% from N1,610/USD to N1,605/USD, while the NAFEM rate closed at N1,599.71/USD on Tuesday. For updates on the Nigerian FX Market, kindly click here.