EQUITIES
Sentiments in the Nigerian equities market remained bullish, as sustained interest in ZENITHBANK (+2.6%) and UCAP (+10.0%), drove a 0.1% gain in the All-Share Index to 100,075.59 points. Accordingly, the Month-to-Date and Year-to-Date returns printed +0.0% and +33.8%, respectively.
The total volume of trades rose slightly by 1.7% to 368.39 million units, valued at NGN7.42 billion, and exchanged in 8,151 deals. ZENITHBANK was the most traded stock by volume and value at 57.42 million units and NGN2.25 billion, respectively.
Sectoral performance was mixed, as the Insurance (+0.4%), Oil & Gas (+0.3%), and Consumer Goods (+0.1%) indices advanced, while the Banking (-0.6%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was positive (1.3x), as 19 tickers gained relative to 15 losers. UCAP (+10.0%) and CUTIX (+9.8%) recorded the most significant gains of the day, while REDSTAREX (-9.8%) and MCNICHOLS (-9.0%) topped the losers’ list.
CURRENCY
The naira appreciated by 4bps to NGN1,576.66/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 6bps to 32.1% in the absence of any significant inflows into the system.
Trading in the NTB secondary market remained bullish, as the average yield contracted by 2bps to 23.3%. Across the curve, the average yield declined at the short (-1bp) and mid (-14bps) segments due to buying interest in the 72DTM (-1bp) and 142DTM (-79bps) bills, respectively. Conversely, the average yield expanded at the long (+3bps) end as participants took profits off the 240DTM (+60bps) bill. Elsewhere, the average yield decreased by 2bps to 24.2% in the OMO segment.
Proceedings in the Treasury bonds secondary market were mostly quiet, as the average yield increased moderately by 1bp to 19.1%. Across the benchmark curve, the average yield advanced at the short (+3bps) end due to sell pressures on the JAN-2026 (+13bps) bond but stayed flat at the mid and long segments.
