FRI, 04 NOV, 2022-theGBJournal| The domestic bourse reversed Thursday’s gains following profit-taking activities in GEREGU (-3.6%).
Thus, the All-Share Index declined by 0.1% to 44,236.70 points. Consequently, the Month-to-Date and Year-to-Date returns settled at +0.9%, and +3.6%, respectively.
The total volume traded increased by 38.5% to 215.15 million units, valued at NGN1.91 billion, and exchanged in 3,389 deals. ACCESSCORP was the most traded stock by volume and value at 112.33 million units and NGN892.56 million, respectively.
Sectoral performance was mixed, as the Insurance (-1.0%), Oil & Gas (-1.0%), and Consumer Goods (-0.2%) indices printed losses, while the Banking (+0.1%) index closed higher. The Industrial Goods index was flat.
As measured by market breadth, market sentiment was negative (0.6x) as 18 tickers lost relative to 11 gainers. PRESTIGE (-9.8%) and CAVERTON (-9.4%) topped the losers’ list, while UPDCREIT (+9.1%) and TRANSEXPR (+8.8%) recorded the highest gains of the day.
At the Fixed income market, Activities in the Treasury bills secondary market were bullish, as the average yield contracted by 20bps to 10.9%. Across the curve, the average yield contracted at the short (-171bps) end, following interests on the 7DTM (-513bps) bill, but expanded at the long (+33bps) end due to profit-taking on the 203DTM (+198bps) bill. Conversely, the average yield closed flat at the mid segment. Elsewhere, the average yield was unchanged at 10.2% in the OMO segment.
The Treasury bond secondary market traded with bearish sentiments, as the average yield expanded by 4bps to 14.4%. Across the benchmark curve, the average yield expanded at the short (+12bps) end due to the sell-off of the MAR-2024 (+69bps) bond; but contracted at the long (-2bps) end as investors demanded the APR-2037 (-14bps) bond. The average yield was flat at the mid segment.
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