EQUITIES
The domestic equities market closed higher for the twelfth consecutive session, as gains in BUAFOODS (+3.9%), TRANSCORP (+7.2%) and BUACEMENT (+2.0%) drove the All-Share Index higher by 0.4% to 155,034.72 points. Thus, the Month-to-Date and Year-to-Date returns settled higher at +8.0% and +50.6%, respectively.
The total volume traded advanced by 219.0% to 4.68 billion units, valued at NGN38.86 billion, and exchanged in 34,852 deals. CORNERST was the most traded stock by volume and value at 3.67 billion units and NGN18.53 billion, respectively.
On sectors, the Insurance (+1.6%), Consumer Goods (+0.8%), Industrial Goods (+0.8%) and Oil & Gas (+0.3%) indices advanced, while the Banking (-0.5%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.8x), as 44 tickers gained relative to 24 losers. GUINEAINS (+10.0%) and JBERGER (+10.0%) led the gainers, while UNIONDICON (-10.0%) and LIVINGTRUST (-10.0%) led the laggards.
CURRENCY
The official FX rate appreciated by 1.1% to NGN1,435.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 4bps to 22.8% following inflows from OMO maturities (NGN594.11 billion).
The NTB secondary market traded on a bullish note as the average yield contracted by 7bps to 17.7%. Across the curve, the average yield contracted at short (-1bp), mid (-1bp) and long (-15bps) segments driven by the demand for the 86DTM (-1bp), 170DTM (-1bp) and 338DTM (-97bps) bills, respectively. Similarly, the average yield contracted by 12bps to 22.0% in the OMO segment.
Elsewhere, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 12bps to 16.4%. Across the curve, the average yield contracted at the short (-29bps), mid (-3bps) and long (-1bp) segments driven by the buying interests in the JAN-2026 (-233bps), APR-2032 (-12bps)and JUN-2053 (-4bps) bonds, respectively.
