THUR, 21 JULY, 2022-theGBJournal| The bears continued to dominate the local equities market as the NGX All-Share Index succumbed to a third successive loss, falling by 0.12% to 52,122 points. Specifically, selloffs in INTBREW (-9.17%), WAPCO (-1.89%) and FBNH (-0.89%) dragged the overall market, keeping it on track for another week of loss. Consequently, the year-to-date (YTD) return slipped to 22.02%, while the market capitalization contracted by 34.79bn to close at N28.11trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions reducing by 34.81%. A total of 151.94m shares valued at N2.16bn were exchanged in 3,447 deals. GTCO (-0.24%) led the volume and value charts with 33.85m units in deals worth N707.71m.
Market breadth closed negative at a 1.69-to-1 ratio with declining issues outnumbering advancing ones. INTBREW (-9.17%) led twenty-one (21) others on the laggard’s log while MULTIVERSE (+9.55%) topped twelve (12) others on the leader’s table.
key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 52,122 | -0.12 | +22.02 |
| Market Cap. (N ‘trillion) | 28.11 | -0.12 | +26.06 |
| Volume (millions) | 151.94 | -34.83 | |
| Value (N ‘billion) | 2.16 | -34.81 |
Dividend Information for 2022
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| BUAFOODS | N3.50 | 14-Jul-22 | 4-Aug-22 |
| AIRTELAFRI | $0.03 (final) | 23-Jun-22 | 22-Jul-22 |
| BUACEMENT | N2.60 | 15-Jul-22 | 21-Jul-22 |
| FBNH | N0.35 | 14-Jun-22 | 21-Jun-22 |
| NESTLE | N25.50 | 3-Jun-22 | 30-Jun-22 |
| TOTAL | N18.20 (final) | 29-Apr-22 | 17-Jun-22 |
| DANGSUGAR | N1.00 | 2-Jun-22 | 15-Jun-22 |
The overnight lending rate was unchanged at 15.0%, in the absence of any significant funding pressure on the system.
Trading in the NTB secondary market remained muted, as the average yield was unchanged at 7.0%. Similarly, the average yield was flat at 9.0% in the OMO segment.
Proceedings in the Treasury bond secondary market were bearish, as the average yield expanded by 5bps to 11.9%. Across the benchmark curve, the average yield expanded at the short (+3bps) and mid (+17bps) segments, following profit-taking on the JAN-2026 (+14bps) and APR-2029 (+68bps) bonds, respectively. The average yield closed flat at the long end.
The naira ended day’s trading 0.1% up to NGN426.00 against the green back at the I&E window.
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