FCSL WEEKLY MARKET WRAP 25TH FEBRUARY 2022

The Nigerian Equities market experienced a positive performance over the week as it recorded 4 bullish days in the 5-day work week. The WTD, MTD and YTD performance have been impressive, recording 0.40% 1.51% and 10.8% respectively.
Top five market advancers for the week were RT BRISCOE (53.85%), NIGER INSURANCE (46.67%), E-TRANZACT (32.02%), ROYAL EXCHANGE (31.62%) and MAY & BAKER (20.91%). In contrast, the top five market laggards include were ELLAH LAKES (-9.88%), JULI (-9.76%), FLOURMILLS (-8.83%), VERITAS KAPITAL (-8.33%) and MULTIVERSE (-8%).
In the Fixed Income space, the mid-tenured boned experienced bullish sentiments throughout the week. The short tenured bonds were relatively unchanged while the long tenured bonds witnessed bullish runs in the middle of the week before the primary market T-bill auction. The stop rates for the 91-day, 182-day and 364-day were as follows: 2.24%, 3.30% and 4.35% respectively.