Snapshot
1.1NGX – Listed Equities
The Nigerian Bourse, on Thursday, closed bullish, sustaining the flip-flop trend since the start of the week. Thursday’s uptick was driven by renewed buying interest in banking stocks like FIDELITYBK (+8.94%), ZENITHBANK (+4.02%), UBA (+3.52%), GTCO (+2.62%), FIRSTHOLDCO (+1.83%), and other stocks like TRANSCORP (+1.26%), VFDGROUP (+9.92%), NAHCO (+4.05%), DANGSUGAR (+3.37%), OANDO (+1.98%), and 34 others.
Hence, the NGXASI increased 58basis points to close at 104,794.74 points, up from 104,187.00 points on Wednesday, while investors gained N381.90bn as Market capitalisation increased to N65.85trn, while the year-to-date return rose to 1.82%.
The market breadth closed positively at 0.50x, with 44 gainers against 10 losers. CAVERTON led the gainers' list, while ABCTRANS topped the losers' chart.
The total volume traded advanced by 3.03%to close at 388.02m, valued at N7.62bn and traded in 11,245 deals. ACCESSCORP was the most traded stock by volume and value, with 77.86m units traded, worth 1.62bn.
The Proshare Index closed flat on Thursday at 747.61 points.
Volume and Value Contribution
ACCESSCORP was the most traded in volume, with a 20.07% share, while ELLAHLAKES and FIDELITYBK followed closely with 11.40% and 8.37%, respectively.
ACCESSCORP contributed the most in value traded, with a 21.28% share, while ZENITHBANK and MTNN followed closely.
NGX Earnings Summary
No Financial Statement was released on the NGX website today. For more analysis of the NGX-listed equities, click here.
NGX Corporate News
- Ronchess Global Resources Plc Notices Of Board Meeting - NGX
- Trans-Nationwide Express Plc Press Release - NGX
- First Holdco Plc Notification On Publication Of 2024 AFS - NGX
- Presco Plc 2024FY Results Press Release - NGX
- Africa Prudential Plc Resolutions Passed At Annual General Meeting - NGX
- S C O A Nigeria Plc Nccg Report 2024 - NGX
- Airtel Africa Plc Notification Of Transaction In Own Shares - NGX
- Africa Prudential Plc Notice Of Board Changes - NGX
- Julius Berger Nigeria Plc Closed Period - NGX
For more Analysis of the Unlisted Equities, click here.
1.2NASD OTC Exchange- Unlisted Equities
On the contrary, the NASD Securities Index (NSI) closed bearish, down 1.04% to close Thursday at 3,243.23 points from 3,277.39 points recorded on Wednesday.
The total volume traded was 18.11m units, valued at N192.85m, in 20 deals.
At the close of trading, the NASD OTC market recorded four (4) gainers and one (1) loser.
1.3Global Indices
The global indices performed positively on Thursday, with Japan’s Nikkei 225 at the top of the chart. For more updates on the Global scene, click here.
1.4African Indices
The prices in the African market are relatively favourable today. For the latest data and updates, please kindly click here.
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 are currently unavailable when finalising this report.
3.COMMODITIES MARKET
3.1 AFEX Indices
The AFEX ACI was down 3.39% to close at N66.37, while AEI was up 1.46% to close atN72.89. Data onAFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
On Thursday, the AFEX Commodity Market saw cashew and cocoa increase 15.00% and 1.78%, respectively, to close at N2,093.29 and N11,129.00, while paddy rice and soybeans were down 15.00% and 4.83% to close at N519.39 and N935.00, respectively. Clickhereto 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) remained unchanged on Thursday, closing at N98,000.00 per gram and N90,000.00 per 50kg.
3.4 Global Commodity Prices
The global commodity market had a balanced performance as of 2:20 PM GMT on Thursday. Gold and Silver increased 1.98% and 1.31% toclose at US$3,143.65 and $30.99, respectively. Brent and WTI crude futures were down 5.05% and 5.53% to close at $62.17 and $58.90, respectively, as fears of a deepening U.S.-China trade war and a possible recession eclipsed earlier relief created by President Donald Trump's announcement of a 90-day pause on some tariffs against most countries.
4.CURRENCY/ FX MARKET
The average BDC rate appreciated 1.88% from N1,630/USD to N1,600/USD, while the NAFEM rate closed at N1,629.94/USD on Wednesday. For updates on the Nigerian FX Market, kindly click here.
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