THUR, 10 NOV, 2022-theGBJournal| Today, the NGX Exchange extended the bullish run as the benchmark index gained 1.06% to settle at 43,939.68 points.
Investors interest in AIRTELAFRI (+0.37%) and DANGCEM (+7.77%) were the primary drivers of the market’s overall performance.
Nevertheless, the market remains on track for its first week of loss in the month, offsetting past week gains. Consequently, the ASI’s year-to-date (YTD) return rose to 2.86%, while the market capitalisation gained N251.06bn to close at N23.94tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 71.01%. A total of 405.00m shares valued at N3.10bn were exchanged in 3,188 deals. STERLNBANK (+0.00%) led the volume chart with 171.15m units traded while AIRTELAFRI (+0.37%) led the value chart in deals worth N700.25m.
Market breadth closed positive at a 1.08-to-1 ratio with advancing issues outnumbering declining ones. COURTVILLE (+8.70%) topped thirteen (13) others on the gainer’s table, while JBERGER (-9.81%) led twelve (12) others on the laggard’s log.
Dividend Information
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| SEPLAT | $0.025 (interim) | 11-Nov-22 | 6-Dec-22 |
| ACCESSCORP | N0.20 (interim) | 28-Sep-22 | 12-Oct-22 |
| GTCO | N0.30 (interim) | 21-Sep-22 | 30-Sep-22 |
| UBA | N0.20 (interim) | 22-Sep-22 | 29-Sep-22 |
| STANBIC | N1.50 (interim) | 7-Sep-22 | 21-Sep-22 |
| ZENITHBANK | N0.30 (interim) | 7-Sep-22 | 13-Sep-22 |
Market Highlight
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 43,939.68 | +1.06 | +2.86 |
| Market Cap. (N ‘trillion) | 23.94 | +1.06 | +7.35 |
| Volume (millions) | 405.00 | +203.59 | |
| Value (N ‘billion) | 3.10 | +71.01 |
Activities in the Treasury bills secondary market were bullish, as the average yield declined by 16bps to 10.8%. Across the curve, the average yield was flat at the short and mid segments but contracted at the long (-39bps) end following interests in the 182DTM (-257bps) bills. Elsewhere, the average yield was flat at 10.2% in the OMO segment.
Trading in the FGN bond secondary market was bullish, as the average yield contracted by 15bps to 14.4%. Across the benchmark curve, the average yield declined at the short (-42bps) end as investors demanded the APR-2023 (-218bps) bond but contracted at the mid and long segments.
The overnight lending rate was unchanged at 8.8%, as system liquidity settled at a net long position (NGN306.56 billion).
The naira depreciated by 0.1% to NGN446.10/USD at the I&E window.
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