EQUITIES
The domestic bourse extended its bearish momentum in today’s session as losses in GTCO (-5.1%), TRANSCORP (-5.7%), INTBREW (-9.8%), and DANGSUGAR (-4.7%) triggered a 0.7% decline in the NGX ASI to 141,566.30 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +1.2% and +37.5%, respectively.
The total volume traded declined by 29.8% to 721.82 million units, valued at NGN12.94 billion, and exchanged in 28,745 deals. CHAMPION was the most traded stock by volume at 54.52 million units, while ZENITHBANK was the most traded stock by value at NGN1.27 billion.
On Sectors, performance was broadly negative as the Insurance (-7.2%), Consumer Goods (-1.9%) and Banking (-1.2%) indices declined, while the Oil & Gas (+0.1%) index advanced. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.4x), as 18 tickers gained relative to 49 losers. GUINNESS (-10.0%) and CONOIL (-10.0%) led the losers, while AUSTINLAZ (+10.0%) and CHAMPION (+10.4%) recorded the most significant gains of the day.
CURRENCY
The official FX rate appreciated by 0.1% to NGN1,536.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 540bps to 27.0%, in the absence of any significant inflow into the system.
The NTB secondary market traded on a bullish note as the average yield contracted by 4bps to 18.1%. Across the curve, the average yield contracted at the short (-1bp) and long (-7bps) ends, driven by the demand for the 78DTM (-1bp) and 302DTM (-24bps) bills, respectively, but remained unchanged at the mid segment. Similarly, the average yield contracted by 3bps to 24.8% in the OMO segment.
Activities in the Treasury bond secondary market was mostly calm as the average yield pared by 1bp to 16.4%. Across the benchmark curve, the average yield contracted at the short (-2bps) and mid (-1bp) segments due to demand for the JAN-2026 (-9bps) and JUN-2033 (-5bps) bonds, respectively, but remained unchanged at the long end.
