EQUITIES
Bargain-hunting activities continued today in the Nigerian equities market, with ETI (+10.0%) and NESTLE (+10.0%) lifting the bourse. Consequently, the ASI ended the session 1.6% higher at 108,361.10 points with the Month-to-Date and Year-to-Date returns settling at +2.6% and +5.3%, respectively.
The total volume of trades declined by 16.5% to 475.46 million units, valued at NGN13.90 billion, and exchanged in 17,575 deals. ACCESSCORP was the most traded stock by volume at 103.92 million units, while GTCO was the most traded stock by value at NGN2.42 billion.
Analysing by sectors, the Oil & Gas (+3.0%), Consumer Goods (+1.8%), Banking (+1.6%), and Industrial Goods (+0.1%) indices advanced while the Insurance (-1.6%) index declined.
As measured by market breadth, market sentiment was positive (1.7x), as 41 tickers gained relative to 24 losers. ETI (+10.0%) and NESTLE (+10.0%) led the gainers, while GUINEAINS (-8.7%) and DAARCOMM (-6.8%) recorded the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.2% to NGN1,608/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate increased by 21bps to 27.2% in the absence of any significant funding pressure on the system.
The Treasury bills secondary market was bullish, as the average yield contracted by 10bps to 20.9%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-18bps) segments, following the demand for the 16DTM (-2bps), 170DTM (-1bp) and 247DTM (-106bps) bills, respectively. Conversely, the average yield expanded by 2bps to 27.0% in the OMO segment.
The FGN bond secondary market was quiet, albeit with a bullish undertone, as the average yield contracted by 2bps to 18.7%.
Across the benchmark curve, the average yield advanced at the short (+5bps) end, driven by the sell-off of the JAN-2026 (+24bps) bond, but contracted at the mid (-13bps) segment, due to buying interest in the APR-2032 (-47bps) bond. The average yield remained unchanged at the long end.
Stakeholders Honour Pascal Dozie
Captains of industry, financial leaders, and dignitaries gathered at the Nigerian Exchange Group House for an Afternoon of Tributes and Special Closing Gong Ceremony in honour of late Pascal Dozie, former President of the Council of the Nigerian Stock Exchange (NSE).
Organised by Nigerian Exchange Group (NGX Group), the event celebrated a visionary whose leadership and integrity helped shape Nigeria’s financial markets and corporate landscape.
