MON, JUN 22 2020-theG&BJournal- Trading in the domestic bourse started the week on a negative note, as investors dumped BUACEMENT (-2.3%), DANGSUGAR (-7.7%) and some banking stocks, prompting the All-Share Index to dip by 0.3% to 24,753.92 points. Accordingly, the Month-to-Date and Year-to-Date losses increased to -2.03% and -7.8%, respectively.
The total volume of trades decreased by 28.6% to 124.69 million units, valued at NGN1.32 billion and exchanged in 3,843 deals. JAPAULOIL was the most traded stock by volume at 13.61 million units, while GUARANTY was the most traded stock by value at NGN260.46 million.
Analysing by sectors, the Industrial Goods (-1.5%), Insurance (-0.9%), Banking (-0.6%), and Oil and Gas (-0.5%) indices declined, as the Consumer Goods (+2.1%) index recorded the sole gain of the day.
Market sentiment, as measured by market breadth, was negative (0.4x), as 26 tickers declined, relative to 11 gainers. NEIMETH (-9.7%) and CUTIX (-9.1%) were the top losers of the day, while JAPAULOIL (+8.7%) and NESTLE (+7.7%) recorded the largest gains.
Currency
The naira strengthened at the I&E window by 0.1% to NGN386.00/USD while it was flat at the parallel market at NGN455.00/USD.
Money Market & Fixed Income
The overnight lending rate contracted by 92bps to 15.8%, in the absence of significant outflows from the system.
The Treasury bills secondary market closed on a mixed note, as tight system liquidity hampered participation in the market. Specifically, average yield at the NTB and OMO segments were flat at 2.2% and 4.8%, respectively.
Trading in the Treasury bond secondary market was bullish, as average yield contracted by 15bps to 9.1%. Across the curve, yields contracted at the short (-27bps) and long (-13bps) ends, as investors demanded the MAR-2024 (-42bps) and MAR-2050 (-40bps) bonds, respectively. The mid-segment traded flat.
|twitter:@theGBJournal|email: info@govandbusinessjournal.com.ng|
