Daily Market Update - March 10, 2022

Daily Market Update - March 10, 2022
(Source: Alpha Morgan Capital, Date: 10-Mar-2022)

10th March 2022

Good Evening Esteemed Client,

Kindly click here to download the full report

Kindly click here to download the price list for today

Money Markets
The average interbank rate climbed by 29bps to close at 4.67%. In sum, the Open Buy Back rate and the Overnight rate was up by 50bps & 8bps to close at 4.50% & 4.83%, respectively.

Treasury Bills Market
Activities at the NTB secondary market was calm in today's session. Consequently, the average rate remained flat for the fourth consecutive session to close at 3.45%.

FGN Bond Market

Activities at the FGN bond secondary market was bearish today, following traction seen on the 2027s, 2036s, 2042s, 2049s, and 2050s maturities. As a result, the average yield climbed by 11bps to close at 10.48%.

FGN Eurobond Market
Activities at the FGN Eurobond market sustained the bullish trend from the previous session, following demands across all ends of the curve. In sum, the average yield was down by 42bps to close at 7.95%.

Foreign Exchange Market

The naira depreciated further by 0.04% against the U.S. Dollar at the I&E Window to close at NGN416.67/USD.

Nigeria Equities Market

The domestic bourse retained its bullish theme from the prior session, as the NGX All Share Index (ASI) climbed by 0.16%. The expansion in the ASI was spurred by buying interests in ACCESS (0.50%), ZENITHBANK (0.75%), FCMB (0.88%), MTNN (0.98%), DANGSUGAR (1.27%), and HONYFLOUR (2.50%). Overall, the Month-to-Date return and Year-to-Date return printed at -0.06% and +10.88%, respectively.

The total volume of trades declined by 55.45% to c336.31 million units while the total value was down by 23.55% to cNGN4.48 billion, exchanged in 4,672 deals.

The most traded stocks by volume for the session were CUTIX (c31.79 million units), ACCESS (c15.35 million units) & FCMB (c15.13 million units) while the most exchanged stocks by value were MTNN (cNGN1.83 billion), PRESCO (cNGN428.94 million) & ZENITHBANK (cNGN379.82 million).

Feel Free to Forward this Email to Others.

We welcome your feedback

ALPHA MORGAN RESEARCH
Lagos:
Union Bank Building [2^nd Floor]
Plot 1668b, Oyin Jolayemi St., Victoria Island.
Click Here for Map
Tel: 01-454 2428, 081 51 71 71 71

Abuja:
Suite F5.1, 5th Floor, Phase 1
Rivers House, Plot 83, Ralph Shodeinde Street,
Central Business District.
Click Here for Map
Tel: 09-292-5164

|info@alphamorgan.com | www.alphamorgan.com

Follow us on:

DISCLAIMER: The information provided in this material is general in nature and does not constitute financial advice. Alpha Morgan Group does not assume any liability or responsibility in relation to the information provided in this material, including information provided by third parties. While every effort has been made to ensure the information provided is accurate, do not rely solely on this information to make a financial or investment decision. Before making any financial or investment decision, consult your financial adviser.

The Alpha Morgan Group does not give any warranty as to the accuracy, reliability or completeness of the information contained in this material. The Alpha Morgan Group, its employees and affiliates do not accept any liability for any error or omission in this material or for any loss or damage suffered by a recipient or any other person.

This email was sent to imdtnews@infowarelimited.com
why did I get this? unsubscribe from this list update subscription preferences
Alpha Morgan Capital Managers Limited Â· Union Bank Building (2nd Floor), Plot 1668b, Oyin Jolayemi Street, Victoria Island. Â· Lagos 23401 Â· Nigeria