…The T-bills secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 24.1%.
..The naira fell by 0.5% to N1,687.52 against the dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM)
WED NOV 20 2024-theGBJournal| As much as thirty six stocks gained on Wednesday, as sustained interest in WAPCO (+10.0%) drove the All-Share Index up by 0.3% to 98,227.50 points.
The Month-to-Date and Year-to-Date returns settled higher at +0.6% and +31.4%, respectively, while the market capitalization added N166.64 billion to close at N59.53 trillion.
The total volume of trades increased by 11.0% to 370.52 million units, valued at N8.45 billion, and exchanged in 10,026 deals.
ACCESSCORP was the most traded stock by volume at 22.99 million units, while SEPLAT was the most traded stock by value at NGN1.37 billion.
On sectors, the Consumer Goods (+1.1%), Industrial Goods (+0.8%), Insurance (+0.8%) and Banking (+0.1%) indices advanced, while the Oil & Gas (-0.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.3x), as 36 tickers gained relative to 26 losers.
AUSTINLAZ (+10.0%) and TANTALIZER (+10.0%) topped the gainers’ list, while RTBRISCOE (-10.0%) and NNFM (-10.0%) posted the most significant losses of the day.
Meanwhile, the treasury bond secondary market were bullish, as the average yield contracted by 5bps to 19.1%.
Across the benchmark curve, the average yield contracted at the short (-44bps) end, driven by demand for the MAR-2025 (-227bps) bond, but expanded at the mid (+24bps) segment following profit-taking activities on the FEB-2031 (+70bps) bond.
The average yield remained unchanged at the long end.
The T-bills secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 24.1%.
Across the curve, the average yield declined at the short (-1bp), mid (-2bps), and long (-2bps) segments following buying interests in the 92DTM (-2bps), 169DTM (-2bps) and 337DTM (-2bps) bills, respectively.
Conversely, the average yield expanded by 6bps to 27.2% in the OMO segment.
At the forex market, the naira fell by 0.5% to N1,687.52 against the dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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