EQUITIES
The domestic bourse traded marginally higher, as buying interest in ZENITHBANK (+1.4%) spurred a 3bps expansion in the All-share index to 100,568.60 points. Thus, the Month-to-Date and Year-to-Date returns increased to +0.5% and +34.5%, respectively.
The total volume traded declined by 44.4% to 335.70 million units, valued at NGN3.72 billion, and exchanged in 8,760 deals. ELLAHLAKES was the most traded stock by volume at 110.68 million units, while UCAP was the most traded stock by value at 778.61 million.
On sectors, the Consumer goods (-0.1%) and Insurance (-0.1%) indices declined, while the Industrial Goods and Oil & Gas indices closed flat. Meanwhile, the Banking (+0.5%) index was the sole gainer for the day.
As measured by market breadth, market sentiment was positive (1.6x), as 22 tickers gained relative to 14 losers. Topping the gainers’ list were TANTALIZER (+8.9%) and LIVESTOCK (+8.2%), while CAVERTON (-9.7%) and ROYALEX (-6.9%) recorded the highest losses of the day.
CURRENCY
The naira appreciated by 6.4% to NGN1,500.32/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 621bps to 25.8%, in the absence of any significant inflows into the system.
The Treasury bills secondary market traded with bullish sentiments, as the average yield contracted by 5bps to 24.8%. Across the curve, the average yield dipped at the short (-4bps), mid (-5bps) and long (-6bps) segments driven by buying interest in the 66DTM (-4bps), 157DTM (-5bps) and 304DTM (-6bps) bills, respectively. Likewise, the average yield declined by 5bps to 24.3% in the OMO segment.
Activities in the Treasury bond secondary was bearish, as the average yield increased by 2bps to 19.2%. Across the benchmark curve, the average yield expanded at the short (+2bps) and long (+2bps) ends as investors sold off the JAN-2026 (+4bps) and MAR-2050 (+18bps) bonds, respectively. Elsewhere, the average yield was unchanged at the mid segment.
