NGX – Listed Equities
The local bourse sustained its cheerful trend, building on gains recorded in previous sessions as investors continue to demand DANGSUGAR (+10.00%), OKOMUOIL (+10.00%), BETAGLAS (+10.00%), LAFARGE (+9.13%), NNFM (+8.69%), NAHCO (+7.55%), JBERGER (+5.87%), PRESCO (+5.37%), FIDSON (+5.25%), SKYAVN (+4.95%), BUACEMENT (+4.66%), ZENITHBANK (+4.23%), NASCON (+3.68%), PZ (+3.65%), TRANSCORP (+3.54%), BERGER (+3.45%), ACCESSCORP (+1.79%), ETI (+1.64%), CADBURY (+1.40%), MTNN (+1.02%), UNILEVER (+0.98%), NB (+0.60%), UACN (+0.29%), CUSTODIAN (+0.20%), VITAFOAM (+0.14%), GTCO (+0.06%), and 34 others. Investment Financial products
As such, the All-Share Index (ASI) climbed 102 basis points to close at 119,790.82 points, up from 118,579.65 points on the previous trading day. Investors gained N764.12bn with market capitalisation closing at N75.58trn. Consequently, the year-to-date (YTD) return rose to 16.38%.
The market sentiment remained bullish, with 61 gainers compared to 23 losers. DANGSUGAR, OKOMUOIL, UPDC and BETAGLAS all led the gainers’ list, while DAARCOMM topped the losers’ list. Meanwhile, OKOMUOIL, BETAGLAS, ELLAHLAKES, NEIMETH and FTNCOCOA all traded above their 52-week highs at N7.48, N333.95, N6.44, N4.47 and N3.38, respectively.
The total traded volume increased by 32.90% to close at 868.68m, valued at N23.71bn in 22,207 deals. LIVINGTRUST closed with the highest volume, with 112.27m units traded, while OKOMUOIL closed with the highest value at N3.27bn.
The Proshare price-weighted index was up 0.59% from 686.19 points to 690.24 points, while the float-adjusted index rose 0.66% to 501.97 points from 498.67 points.
Volume and Value Contribution
LIVINGTRUST was the most traded equity in terms of volume, contributing 12.92% of the total volume traded, while ROYALEX and FIDELITYBK followed with 11.92% and 9.66% of daily traded volume.
OKOMUOIL saw the highest traded value, with a 13.79% share of the total value contribution, while ZENITHBANK and FIDELITYBK followed closely.
NASD OTC Exchange – Unlisted Equities
Conversely, the NASD Securities Index (NSI) closed bearish, nosediving 0.65% to 3,320.62 points from 3,342.19 points recorded on Monday.
The total volume traded was 58.96m units, valued at N641.97m, across 25 deals.
At the close of trading, the NASD OTC recorded one (1) gainer and one (1) loser.
Global Indices
The global indices performed positively on Tuesday, with Hong Kong’s Hang Seng leading the chart. For more updates on the Global scene;
COMMODITIES MARKET
AFEX Indices
On Tuesday, the AFEX ACI was down 3.36% to close at N61.76 while AEI closed flat at N79.03.
AFEX Commodity Prices
At the AFEX Commodity Market on Tuesday, sorghum price increased by 4.69% to close at N603.00, while maize, soybeans, and paddy rice prices decreased by 6.89%, 2.20% and 0.64% to close at N457.42, N939.28, and N595.26. Click here to access more data on AFEX commodity prices.
Global Commodity Prices
In the global commodity market, Gold and silver decreased by 2.25% and 2.18%, respectively, to close at US$3,303.57 and US$35.45.
Brent and WTI crude futures declined 3.57% and 4.89% to close at US$68.00 and US$65.16, as of 2:24 PM GMT on Tuesday, as the lower risk of supply disruptions in the Middle East, though U.S. President Donald Trump accused both Israel and Iran of violating a ceasefire he helped to broker.
CURRENCY/ FX MARKET
Average BDC rates closed flat on Tuesday at N1,590/USD, while the NAFEM rate closed at N1,548.52/USD on Monday. For updates on the Nigerian FX Market, kindly click here.