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    FX Restrictions: Nigerian banks resume international transactions on naira cards

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    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Student Loan Act: How to apply for the loan, all you need to know

    The increased prices of driver’s licenses, number plates set to take effect

    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Trump bans citizens of 12 countries from entering the U.S, full list

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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    Stanbic IBTC Holdings Plc announces N1.50 interim dividend for half-year 2023

    Jaiz Bank announces final dividend

    Over 5 billion additional ordinary shares of Jaiz Bank Plc listed on NGX

    Jaiz Bank Plc reports N23 billion profit for 2024 FY.

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    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

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    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

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    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

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    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

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Bulls Sustain Gains…… As NGX-ASI Increases by 73bps

Thursday, 29 December 2022, 10:27 pm
in Markets, Stocks/Equities
0
Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend
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(Greenwich Merchant Bank): Positive sentiment persist in the equity market as the NGX-ASI and Market Capitalisation drove up by 0.73% to settle at 50,300.00 points and NGN2.73 trillion respectively. This is as a result of an increase in the price of NESTLE (10.00%), GEREGU (10.00%), NB (9.04%) and UACN (8.82%). Consequently, Year-to-Date stands at 17.75%.

However, market activity was mixed as volume decreased by 0.51% while value traded increased 106.06% to rest at 490.48 million units and NGN7.57 billion respectively. FBNH and GTCO held the position as the highest traded volume and value for the trading day with 78.64 million unit and NGN 922.553 million respectively.

Market sentiment was balanced as thirty-fivet (35) gains and seven (7) losses were recorded, hence, market breadth stood at 5.00x.

Sectoral performance continues it bullish streak as Consumer Goods sector (3.65%), Industrial sector (0.14%), Insurance sector (1.84%), Oil & Gas sector (2.82%) and Banking sector (0.27%) all recorded gains for the day.

Fixed Income Market
The NT-bills yields curved changed slightly from previous trading day, decreasing by 15bps. Thus, average yield stood at 5.29% from 5.44%. As well, system liquidity rose by 92.48% to settle at 701.33 billion from 364.39 billion.

Open Buy-Back and Over-night rate decreased to 9.50% and 9.83% from 10.75% and 10.83% respectively.

The OMO market closed lower as activity was recorded in the long-end of the curve hence average yield fell to 3.36%.

In the Bonds market, Movements were recorded across the short end of the bond curve and the mid end, therefore decreasing the average yield by 1bps to settle at 13.31% from 13.32%. The 23-Mar-25 instrument was the most bought with 16bps.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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