…Activities in the treasury bills secondary market was quiet, as the average yield closed flat at 20.8%
WED MAY 21 2025-theGBJournal| The NGX benchmark index slumped on Wednesday while the FGN Bond yield expanded as Naira lost ground against the U.S dollar.
The benchmark NGX All-Share Index dropped 0.1% to 109,619.10 points, driven by selloffs in ACCESSCORP (-4.2%) and OANDO (-4.8%)
The Month-to-Date and Year-to-Date returns settled at +3.6% and +6.5%, respectively.
The total volume of trades increased by 33.6% to 664.16 million units, valued at N13.00 billion, and exchanged in 19,439 deals.
JAPAULGOLD was the most traded stock by volume at 90.02 million units, while NB was the most traded stock by value at N3.13 billion.
Analysing by sectors, the Insurance (+1.1%) and Consumer Goods (+0.5%) indices advanced, while the Banking (-0.8%), Oil & Gas (-0.5%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was neutral (1.0x), as 27 tickers gained relative to 27 losers.
CHAMPION (-10.0%) and LASACO (-10.0%) recorded the most significant losses of the day, while RTBRISCOE (+10.0%) and LIVESTOCK (+9.6%) led the gainers.
The official FX rate depreciated by 0.1% to N1,597.2/US$1 from N1.595/US$1.
Activities in the treasury bills secondary market was quiet, as the average yield closed flat at 20.8%.
Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments, driven by demand for the 92DTM (-1bp) and 169DTM (-1bp) bills, respectively, while it closed flat at the long end.
Meanwhile, the average yield contracted by 2bps to 26.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded with bullish sentiments as the average yield contracted by 3bps to 18.7%.
Across the benchmark curve, the average yield contracted at the short (-7bps) and mid (-4bps) segments, driven by buying interest in the MAR-2027 (-18bps) and FEB-2031 (-20bps) bonds, respectively, but remained unchanged at the long end.
The overnight lending rate declined by 5bps to 26.9% in the absence of any significant inflows into the system.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
