EQUITIES
Bullish momentum persisted in the domestic equities market, as buying interest in DANGCEM (+1.9%), GTCO (+1.1%), and WAPCO (+0.7%) lifted the All-Share Index by 0.3% to 146,204.31 points. As a result, the Month-to-Date and Year-to-Date returns further strengthened to +2.5% and +42.1%, respectively.
The total volume of trades declined by 34.0% to 346.99 million units, valued at NGN27.43 billion, and exchanged in 24,691 deals. FIDELITYBK was the most traded stock by volume at 42.01 million units, while DANGCEM was the most traded stock by value at NGN11.00 billion.
Sectoral performance was broadly positive as the Industrial Goods (+0.7%), Insurance (+0.6%), Consumer Goods (+0.4%), and Banking (+0.3%) indices advanced, while Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.4x), as 30 tickers gained relative to 21 losers. CAVERTON (+10.0%) and SUNUASSUR (+10.0%) led the gainers, while FTNCOCOA (-6.7%) and TANTALIZER (-3.4%) recorded the highest losses of the day.
CURRENCY
The official FX rate appreciated by 0.3% to NGN1,464.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate remained unchanged at 24.9%.
The T-bills secondary market traded with bullish sentiments as the average yield contracted by 32bps to 17.4%. Across the curve, the average yield contracted at the short (-12bps), mid (-26bps), and long (-49bps) segments, due to demand for the 91DTM (-89bps), 105DTM (-72bps) and 287DTM (-117bps) bills, respectively. In contrast, the average yield expanded by 14bps to 20.5% in the OMO segment.
Trading activity in the Treasury bond secondary market was bullish, as the average yield declined by 7bps to 15.9%. Across the benchmark curve, yields contracted at the short (-12bps) and long (-5bps) ends, reflecting buying interest in the JAN-2026 (-87bps) and JUN-2053 (-7bps) instruments, respectively, while the mid segment closed flat.
