WED, 31 AUG, 2022-theGBJournal| The Nigerian equities market edged higher in today’s trading session as the All-Share Index notched a 0.4% increase to close at 49,836.51 points. The positive performance was supported by bargain-hunting in BUAFOODS (+4.5%). Accordingly, the Month-to-Date loss moderated to -1.1%, while the Year-to-Date gain increased to +16.7%.
The total volume traded decreased by 191.7% to 367.34 million units, valued at NGN3.24 billion, and exchanged in 3,725 deals. STERLNBANK was the most traded stock by volume at 162.45 million units, while MTNN was the most traded stock by value at NGN873.29 million.
Sectoral performance was broadly positive, as the Consumer Goods (+1.8%), Banking (+0.6%), Industrial Goods (+0.4%), and Oil & Gas (+0.3%) indices advanced, while the Insurance (-1.0%) index closed in the red.
As measured by market breadth, market sentiment was positive (1.8x) as 20 tickers gained relative to 11 losers. GUINNESS (+9.9%) and CAVERTON (+9.6%) topped the gainers’ list, while CHIPLC (-7.7%) and UNILEVER (-7.2%) recorded the most significant losses of the day.
Markets Highlights
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 49,836.51 | +0.39 | +16.67 |
| Market Cap. (N ‘trillion) | 26.88 | +0.39 | +20.56 |
| Volume (millions) | 367.34 | +191.66 | |
| Value (N ‘billion) | 3.24 | +5.35 |
Dividend Information for 2022
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| STANBIC | N1.50 (interim) | 7-Sep-22 | 21-Sep-22 |
| ZENITHBANK | N0.30 (interim) | 7-Sep-22 | 13-Sep-22 |
| SEPLAT | $0.025 (interim) | 15-Aug-22 | 9-Sep-22 |
| CUSTODIAN | N0.10 (interim) | 26-Aug-22 | 1-Sep-22 |
| OKOMU OIL | N7.00 (interim) | 26-Aug-22 | 29-Aug-22 |
| MTNN | N5.60 (interim) | 19-Aug-22 | 26-Aug-22 |
At the money market, the overnight lending rate contracted by 100bps to 8.7%, in the absence of any significant funding pressure on the system.
The Treasury bills secondary market traded quietly in today’s session, as the average yield was unchanged at 7.8%. Similarly, the average yield closed flat at 11.1% in the OMO segment.
The Treasury bond secondary market traded with bearish sentiments, as the average yield expanded by 3bps to 12.7%. Across the benchmark curve, the average yield expanded at the short (+5bps), mid (+2bps), and long (+2bps) segments as investors sold off the MAR-2024 (+29bps), APR-2032 (+7bps), and JUL-2034 (+12bps) bonds, respectively.
The naira appreciated by 0.4% to NGN429.44/USD at the I&E window.
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