EQUITIES
The domestic equities market closed on a positive note today, as gains in DANGCEM (+10.0%), UBA (+3.8%), GUINNESS (+7.8%) and INTBREW (+10.0%) drove the All-Share Index higher by 1.2% to 144,928.36 points. Consequently, the Month-to-Date and Year-to-Date returns inched higher to +1.0% and +40.8%, respectively.
The total volume of trade declined by 58.7% to 606.25 million units, valued at NGN39.69 billion, and exchanged in 14,791 deals. ACCESSCORP was the most traded stock by volume at 310.25 million units, while SEPLAT was the most traded stock by value at NGN22.48 billion.
Sectoral performance was broadly positive as the Industrial Goods (+4.3%), Consumer Goods (+1.1%), Banking (+0.2%), and Insurance (+0.2%) indices advanced. The Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 26 tickers gained relative to 20 losers. DANGCEM (+10.0%) and NCR (+10.0%) led the gainers, while IKEJAHOTEL (-9.9%) and LEGENDINT (-9.9%) posted the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.4% to NGN1,446.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 6bps to 22.8%, following inflows from OMO maturities (NGN772.93 billion).
The NTB secondary market traded on a quiet note, albeit with a bearish tilt, as the average yield expanded by 1bp to 16.8%. Across the curve, the average yield contracted at the short (-1bp) and mid (-14bps) segments, driven by the demand for the 79DTM (-1bp) and 93DTM (-27bps) bills, respectively but expanded at the long (+13bps) end following the selloff of the 338DTM (+47bps) bill. Similarly, the average yield expanded by 11bps to 22.0% in the OMO segment.
Elsewhere, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 15.5%. Across the curve, the average yield contracted at the short (-5bps) end, driven by the demand for the JAN-2026 (-35bps) bond. The average yield remained unchanged at the mid and long segments.
