NGX – Listed Equities
Equities on NGX closed the trading week in the red, marking the third consecutive loss this week. The All-Share Index was down by 14 basis points to close at 109,028.62 points, down from 109,183.02 points on Thursday. The year-to-date return fell to 5.93%.
UBA’s additional shares listing on NGX drove the market capitalisation up 0.19%. Investors gained N130.05bn, bringing the market capitalisation up to N68.75 trn.
The market downtrend was driven by selloffs in NNFM (-9.97%), TRANSCOHOT (-9.95%), NB (-5.10%), OANDO (-3.00%), MTNN (-1.82%), NASCON (-1.49%), TRANSCORP (-1.05%), ZENITHBANK (-0.42%), and 14 others.
Market sentiment closed bullish, with 29 gainers against 22 losers. REDSTAREX led the gainers’ chart, while NNFM topped the losers’ chart. Meanwhile, PRESCO traded above its 52-week high at N950.00.
The total volume traded fell by 61.29% to close at 637.54m, valued at N18.12bn and transacted in 15,927 deals. TANTALIZER closed with the highest volume, with 145.08m units traded, while MTNN closed with the highest value, amounting to N4.30bn.
Volume and Value Contribution
TANTALIZER was the most traded in volume, with a 22.76% share, while FIDELITYBK and NB followed closely with 13.42% and 7.46%, respectively.
MTNN contributed the most in value traded, with a 23.72% share, while NB and GTCO followed closely.
NASD OTC Exchange – Unlisted Equities
Conversely, the NASD Securities Index (NSI) closed positively, up 0.97% at 3,188.76 points from the 3,158.24 points recorded on Thursday.
The total volume traded was 385,519 units, valued at N14.78m, across 35 deals.
At the close of trading, the NASD OTC recorded four (4) gainers and zero (0) losers.
Global Indices
The global indices performed negatively on Friday, with Brazil’s Bovespa at the top of the chart. For more updates on the Global scene.
African Indices
The prices in the African market are relatively favourable today. For the latest data and updates.
COMMODITIES MARKET
AFEX Indices
The AFEX ACI and AEI were unavailable when this report was finalised. Data on AFEX Indices
AFEX Commodity Prices
The AFEX Commodity Market remained unchanged on Friday. Click here to access more data on AFEX commodity prices.
Global Commodity Prices
The global commodity market was bullish as of 2:18 PM GMT on Friday. Gold and Silver increased 1.48% and 0.09% to close at US$3,346.02 and $33.12, respectively.
Brent and WTI crude futures were up 1.10% and 0.41% to close at $64.62 and $61.45, despite U.S. President Donald Trump recommending a 50% tariff on the European Union, and expectations rose that OPEC+ will increase crude output further in July.
CURRENCY/ FX MARKET
Average BDC rates appreciated 0.62% from N1,620/USD to N1,610/USD, while the NAFEM rate closed at N1,584.95/USD on Thursday. For updates on the Nigerian FX Market.