EQUITIES
The domestic bourse extended yesterday’s bullish sentiments following buying interest in UBA (+5.9%), FIRSTHOLDCO (+5.9%) and FIDELITYBK (+8.3%). Consequently, the NGX ASI advanced by 0.5% to close at 105,283.67 points. Accordingly, the month-to-date and year-to-date returns settled at -0.4% and +2.3%, respectively.
The total volume of trades advanced by 110.8% to 744.80 million units, valued at NGN18.28 billion, and exchanged in 11,226 deals. FIDELITYBK was the most traded stock by volume and value at 388.77 million units and NGN7.75 billion, respectively.
On sectors, the Banking (+2.9%) and Consumer Goods (+1.3%) indices posted gains, while the Insurance (-0.8%) and Oil & Gas (-0.1%) indices declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (2.3x), as 34 tickers gained relative to 15 losers. ABCTRANS (+9.9%) and VFDGROUP (+9.6%) topped the gainers’ list, while TRIPPLEG (-10.0%) and MRS (-10.0%) recorded the highest losses of the day.
CURRENCY
The official FX rate appreciated by 4.3% to NGN1,533.52/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 8bps to 26.9% in the absence of any significant inflows to the system.
Activities in the Treasury bills secondary market were quiet, as the average yield remained unchanged at 21.0%. Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments, driven by mild interest in the 92DTM (-1bp) and 169DTM (-1bp) bills, respectively, but expanded at the long (+2bps) end following the sell-off of the 337DTM (+123bps) bill. Similarly, the average yield contracted by 1bp to 28.2% in the OMO segment.
The FGN bond secondary market closed on a bearish note, as the average yield expanded by 3bps to 18.7%. Across the benchmark curve, the average yield increased at the short (+11bp) end, as investors sold off the JAN-2026 (+52bps) bond, but was unchanged at the mid and long segments.
