WED 29 DEC, 2021-theGBJournal- The local bourse kicked off the trading week with negative sentiments as investors took profit off BUACEMENT (-10.0%).
The All-Share Index declined by 1.1% to 41,807.10 points. Accordingly, Month-to-Date loss increased to -3.3%, while the Year-to-Date gain moderated to +3.8%.
The total volume of trades increased by 61.1% to 180.18 million units, valued at NGN1.48 billion, and exchanged in 3,828 deals. JAIZBANK was the most traded stock by volume at 17.65 million units, while MTNN was the most traded stock by value at NGN359.36 million.
Analysing by sectors, the Industrial Goods (-3.9%), Oil & Gas (-0.5%), Insurance (-0.2%) and Consumer Goods (-0.2%) indices declined while the Banking (+1.4%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was negative (0.9x), as 16 tickers lost relative to 15 gainers. BUACEMENT (-10.0%) and MAYBAKER (-10.0%) topped the losers’ list, while UBN (+9.9%) and ROYALEX (+9.1%) recorded the most significant gains of the day.
Currency
The naira was flat at NGN415.00/USD at the I&E window.
Money & Fixed Income Market
The overnight lending rate contracted by 100bps to 11.5% in the absence of any significant funding pressure on the system.
The NTB segment of the Treasury bills secondary market was quiet as market participants remained on the sidelines awaiting today’s auction results. Thus, the average yield was flat at 4.4%. Elsewhere, the average yield at the OMO segment expanded by 6bps to 5.5%.
Trading in the Treasury bond secondary market was mixed as the average yield was flat at 11.4%. Across the benchmark curve, the average yield declined at the short (-2bps) end following demand of the APR-2023 (-5bps) but expanded at the mid (+2bps) and long (+1bp) segments due to sell-off of the MAR-2027 (+7bps) and APR-2037 (+3bps) bonds, respectively
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