WED, 28 SEPT, 2022-theGBJournal| The domestic bourse ended the session mixed albeit with a bullish tilt as the benchmark Index managed to eke out a meager 0.02% gain to close at 49,171.70 points. Gains in BUACEMENT (+3.07%) drove the market into the green despite losses in ZENITHBANK (-1.49%) GTCO (-4.00%) and ACCESSCORP (-2.98%). Consequently, the year-to-date (YTD) return rose to 15.11%, as market capitalization gained N12.47bn to close at N26.53trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 25.36%. A total of 101.57m shares valued at N1.20bn were exchanged in 3,981 deals. GTCO (-4.00%) led the volume and value charts with 14.34m units traded in deals worth N259.04m.
Market breadth closed negative at a 2.86-to-1 ratio with declining issues outnumbering advancing ones. JAPAULGOLD (-10.00%) topped nineteen (19) others on the laggard’s table, while CHAMS (+8.00%) led six (6) others on the leader’s log.
Highlight of Market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 49,171.70 | +0.02 | +15.11 |
| Market Cap. (N ‘trillion) | 26.53 | +0.05 | +18.99 |
| Volume (millions) | 101.57 | -27.05 | |
| Value (N ‘billion) | 1.20 | -25.36 |
Dividend Information
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| ACCESSCORP | N0.20 (interim) | 28-Sep-22 | 12-Oct-22 |
| GTCO | N0.30 (interim) | 21-Sep-22 | 30-Sep-22 |
| UBA | N0.20 (interim) | 22-Sep-22 | 29-Sep-22 |
| STANBIC | N1.50 (interim) | 7-Sep-22 | 21-Sep-22 |
| ZENITHBANK | N0.30 (interim) | 7-Sep-22 | 13-Sep-22 |
| SEPLAT | $0.025 (interim) | 15-Aug-22 | 9-Sep-22 |
| CUSTODIAN | N0.10 (interim) | 26-Aug-22 | 1-Sep-22 |
| OKOMU OIL | N7.00 (interim) | 26-Aug-22 | 29-Aug-22 |
Meanwhile, the Treasury bills secondary market traded quietly, as participants shifted their focus to the outcome of today’s PMA. Thus, the average yield was flat at 7.4%. Elsewhere, the average yield expanded by 88bps to 10.3% in the OMO segment.
Activities in the Treasury bond secondary market were mixed, but with a bullish bias as the average yield pared by 1bp to 12.9%. Across the benchmark curve, the average yield contracted at the short (-1bp) end as investors demanded the APR-2023 (-8bps) bond. Conversely, the average yield was flat at the mid and long segments.
At the currency market, the naira was flat at NGN436.37/USD at the I&E window.
The overnight lending rate expanded by 183bps to 16.8%, in the absence of any significant outflow from the system.
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