…as investors gain N44.03 billion
By Moninuola Sulaiman
Nigerian Equities Market closed positive as the key market indicator inched up by 80.84 bps amid positive market breadth.
The NGX All-Share Index inched up by 0.15% to close at 53,238.67 basis points as against 0.95% gain recorded previously to close at 53,157.83 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N44.03bn gain. YTD, the NGXASI Stands at +3.88%
The total volume traded advanced by 24.25% to close at N250.19m, valued at N5.88bn, and traded in 4,328 deals. UNIVINSURE was the most traded stock by volume with 48.55m units traded while AIRTELAFRI was the most traded stock by value which is put at N3.31bn
Sectoral performance was broadly negative as six (6) NGX sector indexes closed northward, seven (7) sector indexes closed southward and five (5) closed flat. The NGX GROWTH index advanced by 7.94% to top the gainer’s chart while the NGX Food and Beverages index declined by 0.17% to top the losers’ chart.
The Gote index stayed flat to close at 139.58 basis points while the Toni index declined by 0.06% to close at 122.38 basis points.
At the close of trading, the market recorded 28 gainers to 15 losers and 68 unchanged. GEREGU topped the list of gainers while CHAMS topped the list of losers.
Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.16x.
UNINSURED led the volume’s chart with 19.41% contribution and was closely followed by GTCO and ZENITH BANK.
AIRTELAFRI tops the value chart with 56.24% contribution and followed by GEREGU and GTCO
The NASD market index advanced by 0.06% to close at 709.39 basis points as against the 0.82% gain recorded previously to close at 708.99 basis points.
The total volume traded advanced by 531.19% to close at 20,350,692 units valued at N29.51m and traded in 14 deal(s).
At the close of trading, NASD OTC market recorded two (2) gainer(s) to one (1) loser(s)
NASD Earnings Summary: No Financial statement was released on the NASD OTC Exchange.
NASD Corporate News: No Corporate News was released on the NASD OTC Exchange on Tuesday, January 31, 2023.
On the global scene, the Russia MICEX Index leads the top five gainers with 0.96% gain while the Philipines PSEI index leads the top five losers with 2.55% loss as of 4:00 pm Nigerian Time
Similarly, on the African scene, the Casablanca Index tops the top five gainers with 1.54% gain while the Egypt EGX 30 Index tops the top five losers with 3.41% loss as of 4:00 pm Nigerian Time. The Debt Market Size closed flat at the close of trading.
The Overnight and Open Repo (OPR) lending rate stayed flat to close at 11.00% while the Open Repo (OPR) rate stays stayed flat to close at 10.50%
The AFEX ACI declined by 1.40% to close at 497.42 while the AFEX also declined by 10.07% to close at 245.07. Sorghum advanced by 2.12% to top the gainer’s chart while Cocoa declined by 5.35% to top the losers’ chart.
Gold advanced by 0.27% while Silver also advanced by 0.04% as of 10: 49 NY time
In the energy market, Brent advanced by 0.19% and WTI also advanced by 1.44% as of 10.51 AM Central Daylight Time (CDT)
The naira at the I&E FX Window advanced by 0.05% to close at N461.50/USD while the NAFEX rate advanced by 0.03% to close at N461.29/USD