WED 16 FEB, 2022-theGBJournal- The domestic bourse traded with positive sentiments as foreign investors’ interest in AIRTELAFRI (+0.8%) led the All-Share Index to close 0.1% higher at 47,109.25 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +1.0% and +10.3%, respectively.
The total volume of trades increased by 16.1% to 318.25 million units, valued at NGN8.27 billion, and exchanged in 4,868 deals. ACCESS was the most traded stock by volume at 47.88 million units, while MTNN was the most traded stock by value at NGN4.34 billion.
Performance across sectors was broadly negative, as the Industrial Goods (-0.3%), Banking (-0.2%), and Consumer Goods (-0.1%) indices declined, while the Insurance and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.6x) as 28 tickers lost relative to 18 gainers. REGALINS (-5.1%) and CILEASING (-4.8%) topped the losers’ list while LEARNAFRCA (+9.9%) and SCOA (+9.6%) recorded the most significant gains of the day.
The naira depreciated by 0.1% at NGN416.50/USD at the I&E window.
The overnight lending rate declined by 64bps to 1.3% in the absence of any significant funding pressure on the system.
Trading in the NTB secondary market remained quiet as the average yield was unchanged at 4.1%. Elsewhere, the average yield was declined by 15bps to 5.3% at the OMO segment.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com|
