EQUITIES
The Nigerian equities market traded with bullish sentiments, as gains in OANDO (+5.4%) and ARADEL (+9.2%) drove the All-Share Index higher by 0.5% to 97,783.81 points. Sequentially, the Month-to-Date and Year-to-Date returns settled higher at +0.1% and +30.8%, respectively.
The total volume traded declined by 21.4% to 632.74 million units, valued at NGN10.81 billion, and exchanged in 8,404 deals. FBNH was the most traded stock by volume and value at 166.76 million units and NGN4.18 billion, respectively.
On sectors, the Banking (+0.7%), Insurance (+0.2%), and Industrial Goods (+0.2%) indices gained, while the Oil & Gas (-0.5%) and Consumer Goods (-0.1%) indices settled lower.
As measured by market breadth, market sentiment was neutral (1.0x), as 28 tickers gained relative to 28 losers. VITAFOAM (+9.8%) and ARADEL (+9.2%) led the gainers, while PRESTIGE (-10.0%) and UNILEVER (-9.8%) posted the most significant losses of the day.
CURRENCY
The naira appreciated by 1.0% to NGN1,644.86/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 200bps to 30.5%, following inflows from the FGN bond coupon (NGN5.66 billion).
The T-bills secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 25.1%. Across the curve, the average yield declined at the short (-2bps), mid (-2bps), and long (-2bps) segments following buying interests in the 84DTM (-2bps), 175DTM (-2bps) and 329DTM (-2bps) bills, respectively. In contrast, the average yield expanded by 1bp to 27.2% in the OMO segment.
Meanwhile, the FGN bond secondary market traded on a calm note, as the average yield remained unchanged at 19.1%. Across the benchmark curve, the average yield pared at the short (+1bp) end, driven by sell pressures on the JAN-2026 (+2bps) bond, but closed flat at the mid and long segments.
