EQUITIES
The domestic bourse extended yesterday’s bullish sentiments following buying interest in MTNN (+2.5%) and WAPCO (+10.0%). Consequently, the benchmark index advanced by 75bps to 106,074.26 points, with the Month-to-Date and Year-to-Date returns settling at +0.4% and +3.1%, respectively.
The total volume of trade declined by 55.9% to 328.26 million units, valued at NGN10.37 billion, and exchanged in 12,142 deals. ACCESSCORP was the most traded stock by volume at 48.50 million units, while MTNN was the most traded stock by value at NGN1.42 billion.
Analysing by sectors, the Insurance (+4.3%), Consumer Goods (+2.4%), Industrial Goods (+1.3%), and Oil & Gas (+0.1%) indices advanced while the Banking (-0.2%) index declined.
As measured by market breadth, market sentiment was positive (3.1x), as 43 tickers gained relative to 14 losers. WAPCO (+10.0%) and IKEJAHOTEL (+10.0%) topped the gainers’ list, while JOHNHOLT (-10.0%) and HMCALL (-10.0%) recorded the highest losses of the day.
CURRENCY
The official FX rate appreciated by 2bps to NGN1,533.23/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 3bps to 26.9% in the absence of any significant inflows to the system.
Activities in the Treasury bills secondary market were bullish, as the average yield contracted by 19bps to 20.8%. Across the curve, the average yield expanded at the short (+2bps) end, driven by selloffs of the 91DTM (+16bps) bill, while it contracted at the mid (-9bps) and long (-33bps) segments, following demand for the 168DTM (-49bps) and 196DTM (-176bps) bills, respectively. Meanwhile, the average yield contracted by 95bps to 27.2% in the OMO segment.
The FGN bond secondary market was quiet, albeit with a bullish tilt, as the average yield contracted by 2bps to 18.7%. Across the benchmark curve, the average yield declined at the short (-7bps) end, driven by the demand for the JAN-2026 (-37bps) bond, but was unchanged at the mid and long segments.
