{"id":72536,"date":"2023-06-01T19:24:28","date_gmt":"2023-06-01T18:24:28","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=72536"},"modified":"2023-06-01T19:24:28","modified_gmt":"2023-06-01T18:24:28","slug":"ngx-all-share-index-advanced-0-1-to-55808-25-points","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ngx-all-share-index-advanced-0-1-to-55808-25-points\/","title":{"rendered":"NGX: All-Share Index Advanced 0.1% To 55,808.25 Points"},"content":{"rendered":"

EQUITIES<\/p>\n

Trading on Thursday, in the local bourse extended the week\u2019s positive momentum following bargain hunting in ZENITHBANK (+1.7%), GEREGU (+1.6%), and OKOMUOIL (+5.9%).<\/p>\n

Thus, the All-Share Index advanced by 0.1% to 55,808.25 points, with the Year-to-Date gain settling at +8.9%.<\/p>\n

The total volume traded declined by 41.0% to 390.22 million units, valued at NGN5.73 billion, and exchanged in 7,725 deals. ACCESSCORP was the most traded stock by volume at NGN51.31 million, while ZENITHBANK was the most traded stock by value at NGN1.09 billion.<\/p>\n

On sectoral performance, the Oil & Gas (+2.3%), Insurance (+1.1%), and Banking (+1.0%) indices recorded gains, while the Consumer Goods (-0.3%) index declined. Elsewhere, the Industrial Goods index closed flat.<\/p>\n

As measured by market breadth, market sentiment was positive (1.5x), as 30 tickers gained relative to 20 losers. CONOIL (+9.9%) and STERLINGNG (+9.8%) topped the gainers\u2019 list, while FTNCOCOA (-9.9%) and CHAMPION (-9.6%) recorded the most significant losses of the day.<\/p>\n

CURRENCY<\/p>\n

The naira was flat at NGN464.67\/USD at the I&E window.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

MONEY MARKET & FIXED INCOME<\/p>\n

The overnight lending rate was unchanged at 12.3%, as the system liquidity closed in a net long position (NGN162.63 billion).<\/p>\n

Trading activities in the Nigerian Treasury bills secondary market were muted, as the average yield closed flat at 6.2%.<\/p>\n

The Treasury bond secondary market closed on a bullish note, as the average yield contracted by 4bps to 13.9%. Across the benchmark curve, the average yield contracted at the short (-1bp) and mid (-20bps) segments, as investors demanded the FEB-2028 (-3bps) and APR-2029 (-37bps) bonds, respectively. Conversely, the average yield was flat at the long end.<\/p>\n

Courtesy Cordros Research<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Trading on Thursday, in the local bourse extended the week\u2019s positive momentum following bargain hunting in ZENITHBANK (+1.7%), GEREGU (+1.6%), and OKOMUOIL (+5.9%).<\/p>\n","protected":false},"author":6,"featured_media":64046,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[8539],"coauthors":[2391],"class_list":["post-72536","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-ngx"],"yoast_head":"\nNGX: All-Share Index Advanced 0.1% To 55,808.25 Points - National Wire<\/title>\n<meta name=\"description\" content=\"Trading on Thursday, in the local bourse extended the week\u2019s positive momentum following bargain hunting in ZENITHBANK\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ngx-all-share-index-advanced-0-1-to-55808-25-points\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX: All-Share Index Advanced 0.1% To 55,808.25 Points - 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