TUE 23 NOV, 2021-theGBJournal- The Nigerian equities market traded with mixed sentiments as a loss in INTBREW (-2.7%) offset gains in ACCESS (+1.7%).
Thus, the NGX All-Share Index traded flat at 43,255.14 points, with the Month-to-Date and Year-to-Date returns unchanged at +2.9% and +7.4%, respectively.
The total volume of trades decreased by 90.9% to 219.97 million units, valued at NGN2.91 billion, and exchanged in 4,158 deals. GTCO was the most traded stock by volume and value at 36.19 million units and NGN919.63 million, respectively.
Analysing by sectors, the Insurance (-2.0%), Oil & Gas (-0.2%), and Consumer Goods (-0.2%) indices recorded declines, the Banking index (+0.2%) gained, and the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.3x) as 18 tickers gained relative to 14 losers. HONYFLOUR (+10.0%) and UPL (+8.7%) recorded the most significant gains of the day, while NEM (-9.3%) and MANSARD (-5.1%) topped the losers’ list.
Currency
The naira appreciated by 0.1% to NGN414.80/USD at the I&E window.
Money Market & Fixed Income
The overnight lending rate contracted by 98bps to 16.0%, following inflows from OMO maturities (NGN60.20 billion).
Trading in the NTB secondary market remained quiet as participants anticipated tomorrow’s PMA. Thus, the NTB average yield was unchanged at 5.1%. Elsewhere, the average yield expanded slightly by 1bp to 5.5% at the OMO segment.
The Treasury bond secondary market ended the day mixed, albeit with a bearish tilt, as the average yield expanded slightly by 1bp to 11.3%. Across the benchmark curve, the average yield was flat at the short and mid segments but expanded at the long (+3bps) end due to sell-offs of the MAR-2035 (+8bps) bond.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
