This week closed with the NSE in the red. The All-Share Index further declined from yesterday’s close, from 40,212.19 to 40,186.70, recording a change of 0.06%. The market capitalisation sits at 21.03 trillion naira. This marks a 3.19% decline from last week’s figures. Year-to-date the market is down by 0.21%.
The Banking and Consumer Goods sectors recorded growth in today’s trading session, while the Insurance, Oil & Gas, and Industrial sectors declined. Banking was up by 1.95%, with price growth in stocks like FIDELITYBK (5.53%) and UBA (3.75%), while the Consumer Goods sector increased by 0.01%.
Meanwhile, the Insurance sector declined by 1.83%, while the Oil & Gas and Industrial sectors declined by 1.82% and 0.15% respectively.
Investors’ sentiment was negative today but slightly improved from yesterday. Market breadth was 0.90x, up from yesterday’s 0.33x, as only 18 while 20 stocks declined.
Fixed Income Market
FGN Bond yields generally trended upwards. The yield of the FGN-APR-2023 bond increased by 31 bps to 7.7%, while the yield of the FGN-JAN-2026 remained at 9.60%, and the FGN-JUL-2030 bond yield increased by 19 bps to 10.79%.
Treasury bills yields remain unchanged across 92-day, 182-day and 364-day tenors at 0.76%, 1.96% and 2.07% respectively.
MARKET SNAPSHOT
- NSE-ASI Closes The Week In Red, Market Declines by 0.06%
- Upward Trend in FGN Bond Yileds
- Dollar Weakens For a Second Day Versus Most Major Currencies
- Crude Slips With Texas Oil Wells Seen Restarting Output
- Naira remains stable at N480/$