WED 06 APRIL, 2022-theGBJournal| The Nigerian equities market traded with mixed sentiments as a loss in GTCO (-1.1%) offset the gain in SEPLAT (+1.1%). Thus, the All-Share Index traded flat at 46,766.16 points, with the Month-to-Date and Year-to-Date returns unchanged at -0.4% and +9.5%, respectively.
The total volume of trades increased by 1.6% to 261.59 million units, valued at NGN2.43 billion, and exchanged in 4,668 deals. FIDELITYBK was the most traded stock by volume at 81.75 million units, while MTNN was the most traded stock by value at NGN380.26 million.
Analysing by sectors, the Insurance (+0.5%), Oil & Gas (+0.2%), and Banking (+0.2%) indices gained, while the Industrial Goods index closed flat. The Consumer Goods (-1.6%) index was the sole loser of the day.
As measured by market breadth, market sentiment was negative (0.9x), as 18 tickers lost relative to 16 gainers. NPFMCRFBK (-9.8%) and RTBRISCOE (-8.9%) recorded the most significant losses of the day, while REGALINS (+10.0%) and LIVESTOCK (+9.6%) topped the gainer’s chart.
Currency
The naira appreciated by 0.1% to NGN416.50/USD at the I&E window.
Money & Fixed Income
The overnight lending rate expanded by 217bps to 8.5% in the absence of any significant funding pressure on the system.
Activities in the Treasury bills secondary market were quiet as the average yield stayed flat at 3.2%. Similarly, the average yield in the OMO segment was flat at 3.6%.
Proceedings in the Treasury bond secondary market were mixed, although with a bearish tilt, as the average yield expanded slightly by 2bps to 10.7%. Across the benchmark curve, the average yield pared at the short (-1bp) end following buying interest on the APR-2023 (-2bps) bond but expanded at the long (+4bps) end as investors sold off the MAR-2036 (+17bps) bond. Conversely, the average yield was flat at the mid segment.
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