Fixed income assets traded on exchange up by N687.1b in May

…as capitalisation declines further by N13 billion

For the month of May 2022, investors traded N6877.1 billion worth of fixed income securities on the Nigerian Exchange Limited (NGX) when market capitalisation increased to N22.44 trillion from N21.75trillion recorded in April.

However, despite a 12.12 per cent increase in total deals to 74 per cent achieved in May, up from 66 deals recorded in April, total value traded depreciated by 33.67 per cent to N393.3million in May from N260.86 million in April 2022.

Also, total volume traded at the fixed income of the NGX depreciated by 34.84per cent to close May at 246,038.00 from 377,566.00 reported in April.

According to the Exchange monthly statistics, the Exchange Traded Products (ETPs) capitalisation added N247.9 million or percent to close May at N7.39 billion from N7.14 billion in April.

As ETPs value traded rose by 553.25 per cent to N15.99 million in May from N2.45 million in April, its volume traded also appreciated significantly by 356.20 per cent to 115,624.00 from 527,481.00

In the stock market segment, the market capitalisation rose by N1.81trillion or 6.75 per cent to close at N28.57trillion in May from N26.77trillion it closed in April 2022.

The statistics disclosed that volume and value traded rose by 197.64 per cent and 195.07 per cent to 36.16billion and N303.94billion in May 2022 respectively.

Cadbury Nigeria led the gainers chat in May, adding 72.68 per cent to close at N17.70 from 10.25 it opened for trading, while Abbey Mortgage bank appreciated by 60.71 per cent to close at N1.80 from N1.12 per share to close for trading in April.

In addition Champion Breweries rose by 42.60 per cent to close at N3.95 in May from N2.77, while International Breweries increased by 41.07 per cent to close at N7.90 from N5.60 per share.

Meanwhile, the equities market sustained bearish sentiment yesterday as the market capitalisation declined further by N13 billion.

Specifically, market capitalisation of listed equities depreciated by N13 billion to N28.664 trillion from N28.677 trillion reported the previous day.

The All Share Index also dropped by 23.25 basis points to 53170.73 points from 53193.98 points recorded on Wednesday. Investors traded 318.417 million shares valued at N3.338 billion in 4345 deals against 248.958 million shares valued at N1.861 billion in 4265 deals.

C & I Leasing recorded the highest loss, shedding 8.57 per cent to close at N3.20 kobo. FTNCocoa trailed with a loss of 8.33 per cent to close at 33 kobo. Ikeja Hotel fell by 3.23 per cent to close at N1.20 kobo. Glaxosmith depreciated by 2.74 per cent to close at N7.10 kobo. Zenith Bank shed 2.35 per cent to close at N22.85 kobo.

On the contrary, UPL led the gainers’ chart during, appreciating by 9.43 per cent to N2.90 kobo. Cornerstone Insurance followed with a gain of 8.93 per cent to close at 61 kobo. Ellahlakes gained 7.89 per cent to close at N3.69 kobo. International Breweries added 4.23 per cent to close at N7.40 kobo while Regal Insurance gained 3.70 per cent to close at 28 kobo.

Transnational Corporation of Nigeria was the toast of investors during the day, accounting for 165.206 million shares valued at N225.900 million, GTCO Plc followed with an account of 22.221 million shares worth N93.110.

United Bank for Africa traded 19.098 million shares valued at N148.608 million, FBNHoldings traded 13.343 million shares cost N13.515 million, Zenith Bank sold a total of 12.575 million shares cost N290.712 million