TUE, 16 AUG, 2022-theGBJournal| The Nigerian equities market reversed yesterday’s loss as the All-Share Index notched a 0.2% increase to close at 49,709.46 points.
Today’s performance was supported by bargain-hunting in BUACEMENT (+2.6%). Consequently, the Month-to-Date loss moderated to -1.3%, while the Year-to-Date gain increased to +16.4%.
The total volume traded decreased by 3.2% to 204.16 million units, valued at NGN1.64 billion, and exchanged in 3,643 deals. FBNH was the most traded stock by volume and value at 36.83 million units and NGN396.18 million, respectively.
Sectoral performance was broadly negative, as the Insurance (-1.0%), Oil & Gas (-0.1%), and Consumer Goods (-0.1%) indices declined, while the Industrial Goods (+1.0%) and Banking (+0.3%) indices recorded gains.
As measured by market breadth, market sentiment was negative (0.5x) as 21 tickers lost relative to 10 gainers. UPDCREIT (-9.9%) and PZ (-9.3%) topped the losers’ list, while CUTIX (+7.5%) and LASACO (+5.8%) recorded the highest gains of the day.
Highlights of market activities.
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 49,709.46 | +0.10 | +16.37 |
| Market Cap. (N ‘trillion) | 26.81 | +0.10 | +20.25 |
| Volume (millions) | 204.16 | -3.17 | |
| Value (N ‘billion) | 1.64 | -25.02 | |
Dividend Information for 2022
| Dividend (Bonus) | Closure Date | Payment Date | |
| SEPLAT | $0.025 (interim) | 15-Aug-22 | 09-Sep-22 |
| CUSTODIAN | N0.10 (interim) | 26-Aug-22 | 01-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 Treasury bills secondary market, activities were lull, as the average yield was unchanged at 7.9%. Across the curve, the average yield was unchanged at the short and mid segments but expanded at the long (+1bp) end due to profit-taking on the 282DTM (+5bps) bill. Similarly, the average yield closed flat at 11.1% in the OMO segment.
Proceedings in the Treasury bond secondary market were bearish as the average yield expanded slightly by 2bps to 12.7%. Across the benchmark curve, the average yield closed flat at the short and long ends, but expanded at the mid (+6bps) segment as investors sold off the APR-2029 (+12bps) bond.
The naira depreciated by 0.2% to NGN430.67/USD at the I&E window.
The overnight lending rate expanded by 50bps to 15.0%, as the inflow from OMO maturities (NGN95.79billion) was insufficient to saturate the system.
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