EQUITIES
The domestic equities market closed today’s session on a negative note as sell pressures on ZENITHBANK (-3.2%), WAPCO (-1.7%), UBA (-1.5%) and ACCESSCORP (-2.3%) dragged the All-Share index lower by 0.1% to 155,353.2 points. As a result, the Month-to-Date and Year-to-Date returns moderated to +8.9% and +50.9%, respectively.
The total volume of trades rose by 4.5% to 525.45 million units, valued at NGN25.40 billion, and exchanged in 32,430 deals. SOVRENINS was the most traded stock by volume at 42.65 million units, while DANGCEM was the most traded stock by value at NGN4.54 billion.
Sectoral performance was broadly negative as the Banking (-0.6%), Consumer Goods (-0.4%) and Industrial Goods (-0.3%) indices declined, while the Insurance (+1.2%) and Oil & Gas (+0.1%) indices closed higher.
As measured by market breadth, market sentiment was negative (0.7x), as 35 tickers lost relative to 26 gainers. MCNICHOLS (-8.8%) and LASACO (-8.6%) led the laggards, while SOVRENINS (+9.9%) and ASOSAVINGS (+9.7%) posted the most significant gains of the day.
CURRENCY
The official FX rate appreciated by 0.4% to NGN1,450.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate remained unchanged at 24.9%.
The T-bills secondary market traded on a quiet note, albeit with a bullish tilt, as the average yield contracted by 1bp to 17.4%. Across the curve, the average yield contracted at the short (-1bp), mid (-2bps), and long (-1bp) segments, due to demand for the 86DTM (-1bp), 114DTM (-13bps) and 359DTM (-1bp) bills, respectively. Conversely, the average yield expanded by 32bps to 21.8% in the OMO segment.
Trading activity in the Treasury bond secondary market was bearish, as the average yield expanded by 1bp to 15.8%. Across the benchmark curve, the average yield expanded at the short (+1bp) end, due to profit-taking activities on the JAN-2026 (+10bps) bond, but was unchanged at the mid and long segments.
