EQUITIES
The domestic equities market kicked off the week on a bullish note, as gains in SEPLAT (+10.0%), MTNN (+3.5%), and GTCO (+3.3%) drove the benchmark Index up by 0.9% to 144,822.77 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +1.5% and +40.7%, respectively.
The total volume traded declined by 4.6% to 519.92 million units, valued at NGN14.55 billion, and exchanged in 35,490 deals. ELLAHLAKES was the most traded stock by volume at 80.07 million units, while GTCO was the most traded stock by value at NGN1.97 billion.
Sectoral performance was broadly positive as the Oil & Gas (+3.4%), Insurance (+3.1%), Banking (+0.6%), and Consumer Goods (+0.1%) indices advanced, while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (2.2x), as 46 tickers gained relative to 21 losers. MANSARD (+10.0%) and SEPLAT (+10.0%) led the gainers, while INTENEGINS (-8.4%) and MCNICHOLS (-8.3%) recorded the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.6% to NGN1,465.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 2bps to 24.9% in the absence of any significant inflows into the system.
The NTB secondary market traded with bullish sentiments as the average yield contracted by 13bps to 17.8%. Across the curve, the average yield expanded at the short (+3bps) end, driven by profit-taking activities on the 73DTM (+30bps) bill but contracted at the mid (-42bps) and long (-3bps) segments, due to the demand for the 157DTM (-122bps) and 346DTM (-3bps) bills, respectively. Similarly, the average yield contracted by 3bps to 20.5% in the OMO segment.
Elsewhere, the FGN bond secondary market closed flat at 16.2%. Across the benchmark curve, the average yield expanded at the short (+1bp) end, due to sell pressures on the JAN-2026 (+4bps) bond, but closed flat at the mid and long segments.
