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    MarketForces Africa » Financial Market » Treasury Bills Yield Rises as Naira Falls to N418.33 » Treasury Bills Yield Rises as Naira Falls to N418.33

    Treasury Bills Yield Rises as Naira Falls to N418.33

    Marketforces AfricaBy Marketforces AfricaApril 20, 2022Updated:April 20, 2022 No Comments1 Min Read
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    Investors Treasury Bills Yield Rises as Naira Falls to N418.33on the Lagos Custom Street sustained the bullish sentiment on Wednesday as the market indicators surged by 1.25 percent. The uptrend was supported by the buy-interest in bellwether stocks such as AIRTELAFRI, SEPLAT, DANGCEM and 25 others. Consequently, the All-Share Index rose by 592.85 basis points representing a 1.25 percent growth, closed at 48,138.71. While the Market Capitalization gained ₦319.61Bn, representing an uptrend of 1.25 percent to close at ₦25.95 trillion. → However, the market activities were bearish, as the Total Volume and Value tanked 4.35 percent and 47.94 percent, respectively. Approximately 349.56 million units valued at ₦3.70 billion were transacted in 4,587 Deals. Today, UNIVINSURE emerged as the most traded stock in terms of volume, accounting for 21.11 percent of the total volume of trades, followed closely by ZENITHBANK (6.84%), FIDELITYBK (5.99%), UBA (5.80%), and MBENEFIT (4.73%) to complete the top five on the volume chart. While MTNN appeared as the most traded stock in value terms, with 17.02 percent of the total value of trades on the exchange. → ETERNA & JAPAULGOLD topped the advancers' chart with maximum price appreciation of 10.00 percent, trailed by GUINNESS (9.96%), NB (8.60%), AIRTELAFRI (4.73%), SEPLAT (4.57%), OKOMUOIL (2.60%), DANGCEM (1.93%), FLOURMILL (1.47%), ETI (0.84%), WEMABANK (0.65%) and seventeen (17) others. Conversely, twenty-one (21) stocks depreciated, led by UNIONDICON with a price decline of 9.60 percent to close at ₦1.30, as CUTIX (-7.00%), UNILEVER (-4.31%), ZENITHBANK (-3.42%), GTCO (-3.27%), JBERGER (-1.46%), FIDELITYBK (-1.28%), UCAP (-0.74%) and ACCESSCORP (-0.52%) also dipped in price. In that regard, the market breadth was positive, recording 28 gainers and 21 losers. → Therefore, sectoral performance was positive, as three of the five major sectors closed bullishly compared to the previous session, led by Oil & Gas (2.98%), Consumer Goods (2.06%) and Industrial Goods (0.98%). While the Banking and Insurance sectors dipped by 2.45 percent and 0.26 percent, respectively.

    Treasury Bills Yield Rises as Naira Falls to N418.33

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