Positive Performance Returns In Local Bourse, As NSE ASI Inches Up by 0.15%,

Domestic Bourse Starts The Week In Red
Domestic Bourse Starts The Week In Red

At the end of today’s trading session, the equities market closed in the green as the benchmark index improved by 0.15% to close at 38,564.70 points.

This was mainly due to the buying pressure in bellwether stocks such as SEPLAT (1.45%) and ACCESS (0.59%).

Consequently, the YTD loss improved to -4.24% as market capitalisation increased by  ₦29 billion to close at  ₦20.10 trillion.

The Sectoral Performance weakened as three of the five indices under coverage declined. The Insurance index, the biggest loser, worsened by 0.51%, followed by the Banking (-0.32%) and Industrial (-0.03%) indices respectively. Conversely, the Oil & Gas and Consumer Goods indices were the gainers, improved by 0.92% and 0.18% respectively.

Investor sentiment strengthened in today’s trading session, as market breadth improved to 1.29x from 0.69x. This was illustrated by the advance of 27 stocks, led by  CORNERST (10.00%) and MORISON (9.68%), and the decline of 21 stocks, led by ABBEYBDS (-0.95%) and CHIPLC (-9.46%). Activity level was mixed as total volume increased by 1.81% while the total value declined by 23.01% as investors exchanged about  302.72million units of shares worth over N2.81billion respectively.

Positive Performance Returns In Local Bourse, As NSE ASI Inches Up by 0.15%, - Brand Spur

Fixed Income

There was inactivity across the bond yield curve as all the 4 bond yields under coverage closed flat. FGN-APR-2023, FGN-APR-2024, FGN-JAN-2026 and FGN-JUL-2030 yields closed flat at 11.23%, 11.64%, 12.40% and 13.15% respectively.

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Treasury bill yields for the 90, 180 and 365-day papers closed at 4.71%, 6.28% and 9.76%.

 We expect bullish momentum to persist in the next trading session as the equities market still presents decent opportunities for investors chasing positive real return on investments.


  • Positive Performance Returns in Local Bourse, NSE ASI Gains 15bps
  • Inactivity across the Bond Yield Curve as all Tenors under Coverage closed Flat.
  • Mixed Performance in Global Stocks 
  • Bullish Performance in Commodities Market
  • Bullish Sentiment in African Stocks