NGX – Listed Equities
Nigerian domestic bourse closed bullish, building on the marginal gain recorded in the previous session as NGX ASI rose 0.12%, closing at 146,055.89 points from 145,880.77 points on Monday.
The uptrend was driven by renewed interest in JBERGER (+9.99%), LAFARGE (+6.06%), NEM (+5.56%), HONYFLOUR (+4.09%), UBA (+1.25%), ETI (+1.21%), TRANSCORP (+0.39%), IKEJAHOTEL (+0.24%), and 39 others.
Consequently, investors gained N110.78bn, as market capitalisation increased to N92.41trn, while the year-to-date (YTD) return increased to 41.90%. Made in Nigeria products
The market sentiment closed bullish, with 47 gainers compared to 29 losers, as PRESTIGE, ABCTRANS, WAPIC, SUNUASSUR, MANSARD, ELLAHLAKES, and CHAMPION led the gainers’ list, while JULI led the losers’ list.
Meanwhile, MANSARD, ELLAHLAKES, and VERITASKAP traded above their 52-week highs at N17.71, N16.06, and N2.54, respectively.
The total traded volume declined by 39.63% to close at 1.28bn, valued at N24.25bn in 31,155 deals. LASACO closed with the highest volume, with N107.22m units traded, while GTCO closed with the highest value, amounting to N2.62bn.
Volume and Value Contribution
LASACO was the most traded equity in terms of volume, contributing 8.39% of the total volume traded, while JAPAULGOLD and STERLINGNG followed with 8.37% and 7.66% of daily traded volume.
GTCO saw the highest traded value, with a 10.82% share of the total value contribution, while DANGCEM and ZENITHBANK followed closely.
NGX Earnings Summary
No Financial statement was released on the NGX website today. For an analysis of the NGX-listed equities.
NASD OTC Exchange – Unlisted Equities
Conversely, the NASD Securities Index (NSI) closed bearish, down 1.46% at 3,614.69, from 3,668.39 points on Monday.
The total volume traded was 31.86m, valued at N113.50m across 37 deals.
At the close of trading, the NASD OTC recorded two (2) gainers and four (4) losers.
Global Indices
The global indices performed positively on Tuesday, with Brazil’s Bovespa leading the chart. For more updates on the Global scene.
African Indices
The prices in the African market are relatively favorable today.
COMMODITIES MARKET
AFEX Indices
On Tuesday, the AFEX ACI and AEI were down 0.27% and 3.35% to close at N54.21 and N74.79. Data on AFEX Indices can be accessed here.
AFEX Commodity Prices
At the AFEX Commodity Market on Tuesday, maize increased 0.92% to close at N394.08, while soybeans and cocoa decreased by 7.18% and 4.02% to close at N730.00 and N11,481.25.
Global Commodity Prices
At the global commodity market, Gold and Silver fell 0.16% and 0.13% to close at US$3,338.90 and US$37.64.
Brent and WTI crude futures decreased 0.65% and 0.92% to close at US$66.20 and US$63.37, as of 2:18 PM GMT on Tuesday, after the United States and China extended a pause on higher tariffs and data showed a rise in U.S. inflation in July.
CURRENCY/ FX MARKET
Average BDC rates closed flat at N1,545/USD, while the NAFEM rate closed at N1,535.93/USD on Monday. For updates on the Nigerian FX Market.
