Dear Valued Investor,
We saw improved performance in the shares of Guinness (5.90%), Wapco (5.24%) and MTNN (1.07%), however, losses to Stanbic (-10%), GTB (-3.65%) and Zenith (-3.18%) drove the market southwards.
The All-Share Index lost -0.92% to close at 39,433.81 points and market capitalisation closed at N20.64 trillion.
Today’s loss expands the year-to-date loss of the market to –2.08%.
All indices under our radar closed negative except for the premium and industrial indices. The consumer goods index was the worst-performing, down by -1.75%.
Total volume and value traded declined by -18.04% and -24.78% respectively to close at 349.56 million units valued at N3501.05 billion in 4,554 deals.
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 long-dated bills.
In the Bonds Market, interests were seen mainly at the mid to long end of the curve – 2034s, 2035s, 2045s, and 2049s.
Yields rose significantly at the belly of the curve – July 2030 (48bps), July 2034 (45bps). April 2029 closed as the worst performing maturity Bond (49bps) while April 2049 closed as the best performing (-12bps).