THUR 08 SEPT, 2022-theGBJournal| The Nigerian equities market edged a positive performance in today’s trading session as the NGX ASI advanced by 0.1% to 49,652.25 points. Today’s performance was supported by bargain hunting in UBN (+7.1%) and WAPCO (+1.9%). Consequently, the Month-to-Date and Year-to-Date returns settled at -0.4% and +16.2%, respectively.
The total volume traded increased by 25.6% to 161.88 million units, valued at NGN1.63 billion, and exchanged in 3,541 deals. TRANSCORP was the most traded stock by volume at 30.97 million units, while MTNN was the most traded stock by value at NGN692.20 million
Sectoral performance was broadly positive, as the Banking (+1.1%), Insurance (+0.8%), Oil & Gas (+0.4%), and Industrial Goods (+0.2%) indices recorded gains, while the Consumer Goods (-0.2%) index declined.
As measured by market breadth, market sentiment was positive (2.2x) as 20 tickers gained relative to 9 losers. ETRANZACT (+9.8%) and ARDOVA (+8.9%) recorded the highest gains of the day, while VITAFOAM (-10.0%) and MULTIVERSE (-9.9%) topped the losers’ list.
Highlights of market activities.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 49,652.25 | +0.03 | +16.24 |
| Market Cap. (N ‘trillion) | 26.78 | +0.03 | +20.11 |
| Volume (millions) | 161.88 | +25.55 | |
| Value (N ‘billion) | 1.63 | -2.50 |
Dividend Information
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| GTCO | ₦0.30 (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 |
Currency
The naira was flat at NGN436.33/USD at the I&E window.
Money & Fixed Income Market
The overnight lending rate contracted by 333bps to 10.2%, in the absence of any significant funding pressure on the system.
Activities in the NTB secondary market remained quiet, as the average yield was flat at 7.7%. Similarly, the average yield was unchanged at 10.8% in the OMO segment.
Proceedings in the Treasury bond secondary market were lull, as the average remained unchanged at 12.9%. Across the benchmark curve, the average yield closed flat at the short and long ends but pared at the mid (-1bp) segment following mild interest in the APR-2032 (-2bps) bond.
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