After opening the week with two negative trading sessions, the NSE All-Share Index appreciated marginally by 0.09% to settle at 38,615.15, while the market capitalization is ₦20.25 billion. Year-to-Date, the market is down by 4.06%.
Despite the positive market performance, investor sentiment weakened as 14 stocks rose and 22 stocks fell. This was in contrast to yesterday’s activity where 15 stocks gained and 18 stocks fell. This resulted in a decline in market breadth from 0.83x to 0.64x. The Gainers’ chart was topped by GUINNESS (9.96%) and MEYER (8.16%), while the losers’ chart was topped by NNFM (-10.00%) and FIDSON (-9.89%).
The yields of short-term bonds rose further today; the yield of the FGN-APR-2023 bond rose to 9.01%, and that of the FGN-JAN-2026 also rose to 11.93%. The yields of long-term bonds like FGN-JUL-2030 and FGN-JUL-45 also grew to 11.79% and 13.73%.
Treasury bill yields for the 91-day security remained stable at 2.52%, while the yield of the 180-day and 365-day bills grew from 3.57% to 3.84%, and 7.98% to 9.24%.
- Downward Trend in Equities Ended by 0.09% Uptick in Market Today
- Rapid Rise In Bond Yields
- US Stocks Trade Higher Amid Banks’ Earnings Results
- Brent Crude Breaks $66.00 Per Barrel
- NAFEX Appreciates to ₦408.32/1$