EQUITIES
The Nigerian Equities market reversed yesterday’s loss as buying interest in MTN (+3.5%) spurred a 0.1% increase in the All-Share Index to 98,206.97 points. Thus, the Month-to-Date and Year-to-Date returns settled at +0.7% and +31.3%, respectively.
The total volume traded increased significantly by 114.3% to 934.42 million units, valued at NGN12.71 billion, and exchanged in 8,961 deals. WAPIC was the most traded stock by volume at 457.64 million units while MTN was the most traded stock by value at NGN4.32 billion.
On sectors, the Insurance (+2.0%), Oil & Gas (+1.6%) and Consumer Goods (+0.2%) indices advanced while the Industrial Goods (-0.8%) and Banking (-0.2%) indices declined.
As measured by market breadth, market sentiment was positive (1.8x), as 36 tickers gained relative to 20 losers. GOLDBREW (+9.9%) and GUINEAINS (+9.8%) recorded the most significant gains of the day, while JOHNHOLT (-10.0%) and HMCALL (-9.9%) topped the losers’ list.
CURRENCY
The naira depreciated by 0.6% to NGN1,549.80/USD in the Electronic Foreign Exchange Matching System (EFEMS).
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 82bps to 32.8% despite inflows from OMO maturities (NGN101.80 billion).
The Treasury bills secondary market closed on a bullish note, as the average yield declined by 6bps to 25.6%. Across the curve, the average yield declined at the short (-2bps), mid (-17bps) and long (-2bps) segments, driven by interest in the 86DTM (-2bps), 121DTM (-75bps) and 345DTM (-2bps) bills, respectively. Similarly, the average yield contracted by 2bps to 27.2% in the OMO segment.
Activities in the FGN bond secondary market remained calm, as the average yield closed flat at 19.1%. Across the benchmark curve, the average yield expanded slightly at the short (+1bp) end due to the selloff of the JAN-2026 (+2bps) bond but closed flat at the mid and long segments.
