EQUITIES
The Nigerian equities market closed today’s session on a bullish note, as gains in MTNN (+4.9%), NB (+7.6%), DANGSUGAR (+5.9%), and PZ (+9.4%) drove the All-Share Index higher by 0.7% to 147,950.59 points. As a result, the Month-to-Date and Year-to-Date returns settled at +3.1% and +43.7%, respectively.
The total volume traded declined by 29.1% to 529.70 million units, valued at NGN12.31 billion, and exchanged in 18,159 deals. JAPAULGOLD was the most traded stock by volume at 41.15 million units while ACCESSCORP was the most traded stock by value at NGN3.16 billion.
Sectoral performance was mixed as the Insurance (+3.0%) and Consumer Goods (+1.2%) indices advanced, while the Banking (-0.4%) and Oil & Gas (-0.2%) indices declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 30 tickers gained relative to 23 losers. JAPAULGOLD (+10.0%) and BERGER (+10.0%) led the gainers, while JOHNHOLT (-9.3%) and CHAMPION (-7.9%) posted the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.1% to NGN1,460.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 1bp to 22.8%, in the absence of liquidity pressures.
The NTB secondary market traded on a bullish as the average yield contracted by 12bps to 17.6%. Across the curve, the average yield contracted at the short (-20bps), mid (-1bp) and long (-13bps) segments, driven by the demand for the 91DTM (158bps), 175DTM (-1bp) and 315DTM (-120bps) bills, respectively. Similarly, the average yield contracted by 5bps to 21.8% in the OMO segment.
Elsewhere, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 16.5%. Across the curve, the average yield contracted at the short (-5bps) end, due to buying interest in the JAN-2026 (-37bps) bond but closed flat at the mid and long segments.
