…the Treasury bills secondary market traded with bearish sentiments, as the average yield expanded by 14bps to 21.0%.
TUE APRIL 22 2025-theGBJournal| The All-Share Index climbed 49bps higher Tuesday to 104,739.61 points on buying interest in NB (+9.9%) and ZENITHBANK (+2.3%) shares.
The month-to-date and year-to-date returns settled at -0.9% and +1.8%, respectively.
The total volume of trades fell by 6.1% to 353.28 million units, valued at NGN7.20 billion, and exchanged in 13,734 deals.
ACCESSCORP was the most traded stock by volume at 38.61 million units, while ZENITHBANK was the most traded by value at N1.07 billion.
The Consumer Goods (+2.5%), Insurance (+2.2%), Banking (+0.7%) and Industrial Goods (+0.1%) indices advanced while the Oil & Gas (-0.1%) index declined.
As measured by market breadth, market sentiment was positive (1.9x), as 38 tickers gained relative to 20 losers.
INTBREW (+10.0%) and NB (+9.9%) led the gainers, while INTENEGINS (-9.5%) and NSLTECH (-8.9%) recorded the highest losses of the day.
At the FX market, the official FX rate was unchanged at N1,600.00 against the U.S dollar.
The overnight lending rate contracted by 509bps to 27.0% following inflows from NTB repayments (N6.72 billion).
At the fixed income market, the Treasury bills secondary market traded with bearish sentiments, as the average yield expanded by 14bps to 21.0%.
Across the curve, the average yield declined at the short (-20bps) end, driven by demand for the 79DTM (-91bps) bill, while it expanded at the mid (+16bps) and long (+20bps) segments following selloffs of the 135DTM (+79bps) and 198DTM (+215bps) bills, respectively. Conversely, the average yield declined by 11bps to 28.2% in the OMO segment.
The FGN bond secondary market were quiet, albeit with a bullish undertone, as the average yield declined by 1bp to 18.7%.
Across the benchmark curve, the average yield contracted at the short (-2bps) and mid (-2bps) segments, driven by interests in JUL-2030 (-9bps) and FEB-2031 (-14bps) bonds, respectively. However, the average yield remained unchanged at the long end.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
