THUR, 07 JULY, 2022-theGBJournal| The Nigerian equities market traded with bullish sentiments, as investors’ interest in ACCESSCORP (+2.1%) supported market performance. Precisely, the All-Share Index inched slightly higher by 1bp to 51,563.73 points, with the Month-to-Date loss and Year-to-Date gain unchanged at -0.5% and +20.7%, respectively.
The total volume traded increased by 5.9% to 143.29 million units, valued at NGN1.76 billion, and exchanged in 3,874 deals. JAIZBANK was the most traded stock by volume at 42.10 million units, while AIRTELAFRI was the most traded stock by value at NGN572.19 million.
On sectors, the Banking (+0.5%) and Consumer Goods (+0.1%) indices recorded gains, while the Industrial Goods and Oil & Gas indices closed flat. On the other hand, the Insurance (-0.1%) index declined.
As measured by market breadth, market sentiment was positive (1.9x) as 15 tickers gained relative to 8 losers. ACADEMY (+9.6%) and NAHCO (+9.4%) topped the gainers’ list, while RTBRISCOE (-8.1%) and REGALINS (-7.4%) recorded the most significant losses of the day.
The overnight lending rate was unchanged at 14.0% in the absence of any significant funding pressure on the system.
Trading activities in the Treasury bills secondary market were mixed, albeit with a bearish tilt, as the average yield expanded slightly by 1bp to 7.0%. Across the curve, the average yield expanded at the short (+15bps) end, as investors sold off the 7DTM (+89bps) bill; but contracted at the mid (-16bps) and long (-1bp) segments as market participants demanded the 140DTM (-64bps) and 203DTM (-12bps) bills, respectively. Elsewhere, the average yield was flat at 6.3% in the OMO segment.
The Treasury bond secondary market closed on a bearish note, as the average yield expanded by 3bps to 11.2%. Across the benchmark curve, the average yield expanded at the short (+8bps) end due to profit-taking on the JAN-2026 (+46bps) bond; but was flat at the mid and long segments.
The naira depreciated by 0.1% to NGN428.16/USD at the I&E window.
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