Daily Capital Market Roundup, 4th May 2021

Dear Valued Investor,

FBNH appreciated by 7.25% to close at N7.40, today’s gain returns the premier Bank to its pre-board room saga price.

The All-Share Index lost 8bps to close at 39,801.78 points and market capitalisation at N20.83 trillion.

Today’s loss expands the year-to-date loss of the market to -1.16%.

On Friday, seven insurance companies featured on the list of top 10 gainers, today, profit-taking markdown of Linkage Assurance for dividend and bonus pulled the insurance index down by 1.27%.

Total volume and value traded increased by 29.88% and 49.71% respectively to close at 426.51 million units valued at N4.654 billion.

Cross deals dominated activities today, significant crosses were seen in the shares of MTNN (2m), GTB, ACCESS, FBNH, WAPCO (20m) and ZENITH (40m). Aside from these crosses, trading was relatively quiet today.

Yields traded flat today across all N-Tbills maturities as liquidity strain continues to weigh down on trading activities. Traded volume remains low despite the pockets of demand seen in one-year bills.

In the Bonds Market, we saw a handful of bids during today’s trading session, mainly from investors seeking to pick up securities at attractive levels.

Interests were seen mainly at the mid to long end of the curve – 2034s, 2035s, 2045s, and 2049s with the average yield rising by  9bps by the end of the session.

 

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