Trading at the Stock Exchange on Thursday saw the All Share Index close higher at 0.5% building up from Wednesday’s gains from the previous day’s bargain hunting in FBNH (+4.1%), and STANBIC (+3.9%) drove the All-Share Index 0.1% higher to 49,499.43 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at +3.9% and +15.9%, respectively.
The total volume traded declined by 67.8% to 132.57 million units, valued at NGN3.14 billion, and exchanged in 2,999 deals. FBNH was the most traded stock by volume at 29.10 million units, while AIRTELAFRI was the most traded stock by value at NGN925.10 million.
Analysing by sectors, the Insurance (-0.3%), Industrial Goods (-0.3%), and Banking (-0.1%) indices closed in the red, while the Oil & Gas (+0.3%) index advanced. The Consumer Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.1x), as 16 tickers gained relative to 14 losers. JBERGER (+9.9%) and CHAMPION (+9.3%) recorded the most significant gains of the day, while UPDCREIT (-6.5%) and LASACO (-5.6%) topped the losers’ list.
CURRENCY
The naira was flat at NGN456.25/USD at the I&E window
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 50bps to 10.1%, in the absence of any significant funding pressure on the system.
The NTB secondary market was bullish, as the average yield contracted by 19bps to 5.4%. Across the curve, the average yield contracted at the short (-61bps) end following investors’ interest in the 77DTM (-110bps) bill but closed flat at the mid and long segments. Similarly, the average yield contracted by 262bps to 4.3% in the OMO segment.
In the same vein, the Treasury bond secondary market closed on a bullish note, as the average yield contracted by 7bps to 13.0%. Across the benchmark curve, the average yields contracted at the short (-7bps), and long (-11bps) ends, as investors demanded the JAN-2026 (-40bps), and MAR-2035 (-73bps) bonds, respectively. Conversely, the average yield was unchanged at the mid segment.
