The performance across sectors indicates mixed sentiments as 2 sectors closed positive while 2 sectors also traded southwards. Notably, the Insurance and the Oil & Gas indices appreciated by 1.98% and 0.66% following buy interests in WAPIC (9.73%), NEM (7.88%) and OANDO (1.69%). Conversely, the Banking and Consumer Goods indices waned by 1.01% and 1.52% due to selling pressures in GUARANTY (-2.60%) and NB (-5.34%). The Industrial index however closed flat today amid muted activities.
Investor sentiment as measured by the market breadth flipped negative at 0.94x on the back of 17 advancers and 18 decliners. Similarly, the activity level was weak as both the volume and value of transactions declined by 37.23% and 33.22% respectively. A total of 184.53 million units of shares was traded today valued at N2.52bn.
Fixed Income Market
The yields in the bond market trended higher on the back of selloffs across short and mid-tenor maturities. Notably, the yields on the FGN-MAR-2024 and MAR-2027 advanced by 32bps and 0.46% respectively.
At the NTB market, the yields on the 91-day, 184-day and 364-day maturities remain stable at 0.94%, 3.60% and 4.16%.
Market Snapshot
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